SEC Filings: Limelight; Dice; GoFish; Meredith
Some SEC filings you might want to have a closer look at this weekend:
—Limelight’s IPO made a relatively big debut Friday on Nasdaq. The company also filed its 424B4 form right before it IPO yesterday morning, whch has som good details on its lawsuit with Akamai, and other financial details. “During 2006 and in the three months ended March 31, 2007, we were unprofitable primarily due to an increase in our stock-based compensation and litigation expenses.”
—Dice, which filed for its IPO in April, filed an updated S-1 this week and some recent financial numbers. “For the fiscal year ended December 31, 2006 our historical net income was $6.8 million and, on a pro forma basis, we incurred a net loss of $200,000. As of March 31, 2007, we had $254.3 million of total intangible assets, of which $159.2 million was goodwill.” Also, it recent acquisitions and dispositions: “We acquired all of the outstanding stock of eFinancialGroup in exchange for a total of £56.5 million (or $106.3 million at the exchange rate in effect on October 31, 2006) in cash and 7,872 shares of our Series A convertible preferred stock valued at $25.2 million, net of cash acquired of $3.9 million. Immediately after the eFinancialGroup Acquisition, eFinancialNews was sold to a company controlled by a group of former eFinancialGroup stockholders for total consideration of £22.0 million (or $41.6 million at the exchange rate in effect on October 31, 2006), resulting in a net purchase price for eFinancialCareers Limited, or “eFinancialCareers,” and JobsintheMoney.com, Inc., or “JobsintheMoney,” of $89.9 million.”
—Meredith CEO and CFO gave a presention at Deutsche Bank Media and Telecommunications Conference on June 5th, and the company a copy of the text of the presentation with the SEC. They talked at length about its digital efforts: “For fiscal 2007, we anticipate online revenues to represent 3.5 percent of total company revenues, as compared to 1.3 percent just two years ago. This represents a 125 percent increase in revenues over the prior year. Our goal is that online revenue will total 10% of Meredith’s overall revenue by 2010. We’ll achieve this organically and through additional acquisitions.”
—GoFish, the online video production and distribution firm which recently bought Bolt.com, has raised $10.3 million in a private placement. Its SEC filing has more details.
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