The Company is a provider of Do-It-For-Me Web services and generation products that enable small and medium-sized businesses to establish, maintain, promote and optimize their Internet presence.
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growth Total revenue for the fourth quarter of 2006 was $16.4 million, an increase of 46% on a year-over-year basis. For the fourth quarter of 2006, subscription revenue increased 57% to $14.9 million, license revenue decreased 23% to $1.1 million, and professional services revenue increased 17% to $390 thousand, compared to the fourth quarter of 2005.
For the fourth quarter of 2006, the Company reported record net income available to common stockholders, determined in accordance with generally accepted accounting principles (GAAP), of $4.8 million, an increase from net income available to shareholders of $509 thousand in the fourth quarter of 2005. Fully diluted GAAP earnings per share were $0.25 for the fourth quarter of 2006, an increase from earnings of $0.03 per share in the fourth quarter of 2005. Per share amounts are based on weighted average fully diluted shares of 19.7 million and 14.6 million for the fourth quarter of 2006 and 2005, respectively.