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To: JakeStraw who wrote (14)	8/3/2006 12:56:46 PM
From: Elroy	Respond to of 78

Just broke through $18!

To: JakeStraw who wrote (14)	11/2/2006 3:41:42 AM
From: Elroy	Respond to of 78

Press Release Source: ValueClick, Inc. ValueClick Announces Third Quarter 2006 Results Wednesday November 1, 4:05 pm ET Results Exceed Previously Issued Guidance; 2006 Guidance Increased WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--ValueClick, Inc. (Nasdaq:VCLK - News) today reported financial results for the third quarter ended September 30, 2006. Revenue, adjusted-EBITDA(1) and diluted net income per common share for the quarter exceeded previously issued guidance. Based on its third quarter performance and outlook for the fourth quarter, ValueClick increased its guidance for fiscal year 2006. ADVERTISEMENT "Our core businesses delivered another strong quarter, as our expertise in monetizing online traffic drove 37 percent year-over-year organic revenue growth and financial performance that exceeded all of our guidance metrics," said James Zarley, chairman and chief executive officer of ValueClick. "Our large-scale network solutions enable our advertiser and publisher clients to benefit from the continued fragmentation of online media consumption, and our increased 2006 guidance illustrates our confidence in finishing 2006 on a strong note." Revenue for the third quarter of 2006 was a record $137.9 million, well above the high-end of the Company's previously issued guidance and a 69 percent increase from the third quarter of 2005. Third quarter 2006 results include a full quarter of operations from Fastclick, acquired on September 29, 2005. Income before income taxes for the third quarter of 2006 was $26.4 million, compared to $18.5 million for the third quarter of 2005. Third quarter 2006 income before income taxes includes $3.0 million of stock-based compensation expense, due primarily to the impact of Statement of Financial Accounting Standards (SFAS) 123R which was adopted by the Company on January 1, 2006, compared to $70,000 for the third quarter of 2005. Due to the timing of services rendered, the third quarter of 2006 also includes an incremental $1.8 million in professional fees associated with Sarbanes-Oxley compliance, annual audit and tax planning services that were not included in either the third quarter of 2005 or the second quarter of 2006. Adjusted-EBITDA for the third quarter of 2006 was $35.6 million, above the high-end of the Company's previously issued guidance and an increase of 57 percent from the third quarter of 2005. Net income for the third quarter of 2006 was $16.8 million, or $0.17 per diluted common share, compared to $11.0 million, or $0.13 per diluted common share, for the third quarter of 2005. Third quarter 2006 diluted net income per common share exceeded the Company's previously issued guidance of $0.14. Third quarter 2006 net income includes $1.9 million of stock-based compensation expense, net of tax, largely due to the impact of SFAS 123R. Stock-based compensation expense reduced third quarter 2006 diluted net income per common share by $0.02. Based on tax return filings, net favorable discrete adjustments to the income tax provision for the third quarter of 2006 increased diluted net income per common share by $0.01. The consolidated balance sheet as of September 30, 2006 includes $230 million in cash, cash equivalents and marketable securities, $595 million in total stockholders' equity and no long-term debt. During the third quarter, ValueClick repurchased 1.1 million shares of the Company's outstanding common stock for $15.0 million. Year-to-date through September 30, 2006, the Company has repurchased 6.9 million shares of its outstanding common stock for $103.4 million. Business Outlook The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not include the potential impact of any mergers, acquisitions or other business combinations that may be completed after the date of this release. Actual stock-based compensation expense may differ from these estimates based on the timing and amount of options granted, the assumptions used in option valuation and other factors. Based on its third quarter results and outlook for 2006, ValueClick is raising its fiscal year 2006 guidance ranges, issued previously on August 1, 2006: Fiscal Year 2006 Previous Updated Guidance Guidance -------------------------------- ----------------- ------------------- Revenue $519-$529 million $531-$533 million -------------------------------- ----------------- ------------------- Adjusted-EBITDA $133-$137 million $137-$139 million -------------------------------- ----------------- ------------------- Diluted net income per common share $0.48-$0.54 $0.57-$0.58 -------------------------------- ----------------- ------------------- ValueClick's fiscal year 2006 guidance for diluted net income per common share includes a deduction in the range of $0.08 to $0.09 per share for stock-based compensation expense and an increase of $0.01 per share resulting from net favorable discrete adjustments to the income tax provision. Fiscal year 2006 diluted net income per common share guidance assumes an effective tax rate of 43.3 percent. Excluding net discrete adjustments, the Company's assumed effective tax rate would be approximately 44.5 percent. Additionally, ValueClick is announcing guidance for the fourth quarter of 2006: Fourth Quarter 2006 Guidance ------------------------------------- -------------------------------- Revenue $146-$148 million ------------------------------------- -------------------------------- Adjusted-EBITDA $38-$40 million ------------------------------------- -------------------------------- Diluted net income per common share $0.17-$0.18 ------------------------------------- -------------------------------- Fourth quarter 2006 diluted net income per common share guidance includes a reduction of $0.02 per share for stock-based compensation expense. Fourth quarter 2006 diluted net income per common share guidance assumes an effective tax rate of 44.5 percent.