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Autobytel Inc. (ABTL) filed Quarterly Report for the period ended 2011-09-30.
Autobytel Inc. has a market cap of $41.5 million; its shares were traded at around $0.9 with and P/S ratio of 0.8.
This is the annual revenues and earnings per share of ABTL over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ABTL.
Highlight of Business Operations:
Purchase Requests. Purchase Requests revenue increased $3.6 million or 30% in the third quarter of 2011 compared to the third quarter of 2010 primarily due to the acquisition of Auto/Cyber. The volume of new and used retail automotive Purchase Requests delivered decreased 4%, but was offset by an increase of 63% in the volume of automotive Purchase Requests delivered to Manufacturers and other wholesale purchasers.The $1.6 million or 19% increase in the cost of revenues in the third quarter of 2011 compared to the third quarter of 2010 was due primarily to an increase in SEM costs associated with the acquisition of Auto/Cyber.
Purchase Requests. Purchase Requests revenue increased $10.8 million or 32% in the first nine months of 2011 compared to the first nine months of 2010 primarily due to the acquisition of Auto/Cyber. The volume of new and used retail automotive Purchase Requests delivered decreased 6%, but was offset by an increase of 83% in the volume of automotive Purchase Requests delivered to Manufacturers and other wholesale purchasers.
The $5.4 million or 23% increase in the cost of revenues in the first nine months of 2011 compared to the first nine months of 2010 was due primarily to an increase in SEM costs associated with the acquisition of Auto/Cyber.
Net Cash Provided by (Used in) Operating Activities. Net cash provided by operating activities in the nine months ended September 30, 2011 of $0.1 million resulted primarily from net income of $0.1 million, as adjusted for non-cash charges to earnings, in addition to cash used to reduce accrued liabilities of $1.0 million primarily related to the payment of annual incentive compensation amounts and severance accrued in 2010 and paid in the first nine months of 2011 and a $2.1 million decrease in our accounts receivable balance. Net cash used in operating activities in the nine months ended September 30, 2010 of $3.8 million resulted primarily from net losses of $5.3 million, as adjusted for non-cash charges to earnings, partially offset by a decrease in prepaid expenses and other current assets and cash used to reduce accrued liabilities of $0.3 million primarily related to the payment of annual incentive compensation amounts accrued in 2009 and paid in the first nine months of 2010.
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