Harris Interactive sees earnings rise despite revenue drop

Revenues for the 12 months 2013 were down $7.2m to $140.3m compared with fiscal year 2012 although the fourth quarter saw revenues gain slightly at $36.7m compared with $36.5m for Q4 2012.

However, adjusted Ebitda for the fiscal year came in at $14m compared with $4.7 in 2012 while Q4 2013 saw Ebitda at $2.9m compared with $1.7m for the same period 2012, and the company predicted that it could see earnings up to $16.5m by end of fiscal 2014.

President and CEO of Harris Interactive Al Angrisami said the company was pleased with its full fiscal 2013 financial performance, which represented more than a 20% year over year improvement, adding that the company had managed to pay off all its outstanding debt prior to maturity.

He continued: “Going forward, we will begin the transition away from the turnaround of the last two fiscal years to a business model focused on investing in the business for long term shareholder value creation.”