TAMPA, Fla., March 27, 2020 (GLOBE NEWSWIRE) — AutoWeb, Inc. (Nasdaq: AUTO), a robust digital marketing platform providing digital advertising solutions for automotive dealers and OEMs, is reporting financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter 2019 Financial SummaryTotal revenues were $26.7 million compared to $28.6 million in Q3’19 and $32.3 million in Q4’18.Advertising revenues were $5.9 million compared to $6.0 million in Q3’19 and $6.5 million in Q4’18.Gross profit was $5.5 million compared to $5.9 million in Q3’19 and $5.6 million in Q4’18.Gross margin was 20.7% compared to 20.7% in Q3’19 and 17.5% in Q4’18.Net loss was $3.2 million or $(0.24) per share, compared to a net loss of $1.7 million or $(0.13) per share in Q3’19 and a net loss of $5.3 million or $(0.41) per share in Q4’18.Adjusted EBITDA was $(0.8) million compared to $0.8 million in Q3’19 and $(2.6) million in Q4’18.   Fourth Quarter 2019 Key Operating Metrics¹Lead traffic was 25.8 million visits compared to 31.7 million in Q3’19 and 32.1 million in Q4’18.²Lead volume was 1.7 million compared to 1.8 million in Q3’19 and 2.0 million in Q4’18.³Retail dealer count was 2,203 compared to 2,414 in Q3’19 and 2,596 in Q4’18.⁴Retail lead capacity was 129,384 lead targets compared to 142,643 in Q3’19 and 147,145 in Q4’18.⁵Click traffic was 24.1 million visits compared to 25.1 million in Q3’19 and 26.5 million in Q4’18. ⁶
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