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Posts Tagged ‘Rick Rudman’

Vocus’ Q1 Revenue, Operating Losses Increase

Vocus‘ Q1 earnings announcement shows a 29 percent year-over-year increase in GAAP revenue to $34.9 million. Non-GAAP revenue was up 31 percent to $35.5 million. GAAP operations losses totaled $10.4 million versus $3.1 million in 2011. Non-GAAP operations income was $854,000 versus $2.3 million in 2011.

In February 2012, Vocus acquired iContact for $169 million, which sent the company’s stock price lower, down from about $22 to $14. The stock price closed today at $13.25.

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A Tour of the New Vocus Office: It Has an Arcade!

The new Vocus office may give Google a run for its money. Complete with an arcade, basketball court, fitness area, and a Main Street running across the 200 yard-span of the facility, construction is under way, and it may make you want to move to Lanham Beltsville, MD.

In the video above, CEO Rick Rudman gives you a tour of the space, which is currently under construction. Rudman says it’ll be ready in “a few months.”

Vocus and Cision Report Earnings With Differing Results

Vocus reported non-GAAP revenue of $25.1 million for Q3 2010, a 19 percent increase year-over-year. GAAP revenue was $24.7 million, a 17 percent increase from the previous year. The company does not provide organic growth numbers, but, during its earnings call, CEO Rick Rudman noted the 579 net new subscribers the company added and the contribution of the company’s social media product, which was available for its first full quarter and added to sales of upgrades and customer renewals.

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Vocus Q2: Record Revenues; Developing Paid Version of Help a Reporter Out (HARO)

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PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported second quarter 2010 revenue of $24.2 million today, a 15% increase over the same period last year. The revenue numbers are “a new record for Vocus,” said Rick Rudman, President and CEO of Vocus, Inc. on a conference call. However, the company also posted a net loss for Q2 2010 of $1.2 million compared to $549,000 in Q1 2010.

Vocus now counts 7,173 total customers, said Rudman, including 50 customers of its recently launched social media subscription service.

The big news on the call however, for most PRNewser readers, is that Vocus will be developing a paid version of the popular “connect reporters with sources” service Help A Reporter Out (HARO), which the company acquired in June. This is in addition to the free version, which the company will continue to operate as is.

“[We] are seeing demand for premium offerings” in addition to the free service, said Rudman, adding that the company plans to develop these capabilities later this year or in 2011.

In terms of PR budgets, Rudman said, “generally speaking, PR is flat in 2010 versus 2009.” The company has posted full earnings results here.

Vocus Acquires Help a Reporter Out (HARO)

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Breaking: PR software company Vocus (NASDAQ: VOCS), has acquired Help A Reporter Out (HARO), a service which matches up journalists with sources.

As part of the deal, which was just announced at Vocus’ user conference in Washington, D.C., HARO founder Peter Shankman [pictured] will join Vocus as a vice president.

“I’ve been talking with Vocus now for probably five months,” said Shankman in a phone interview with PRNewser. “They are definitely HARO’s largest advertiser by far. When [someone's] your largest advertiser, you get to talking,” he said.

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Vocus Announces Q1 Earnings, Global Acquisitions, New Social Media Product

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PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported first quarter 2010 revenue of $22.3 million, a 9% increase over the same period last year. However, the company also posted a net loss for Q1 2010 of $579,000, compared to $478,000 for the same period last year. The losses are slimmer than Vocus’ Q4 2010 loss of $821,000.

Vocus announced two acquisitions: BDL Media Ltd., a provider of on-demand public relations software and services in China, and Datapresse, a leading provider of media content and on-demand PR software in France. Both were privately held.

Vocus spent $10.8 million on Datapresse, while terms of the BDL Media deal were not disclosed, although Vocus CEO said BDL has less than $1 million in annual revenue. The companies have a combined 2,100 customers and $6 million in annual revenue.

“We’re now seeing some good stability in our end market…underscored by solid bookings both in renewals and new business,” said Vocus president and CEO Rick Rudman on a conference call.

The acquisitions are not surprising.

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Vocus Q4 Earnings: Profits Down; Revenues Up 9% Over 2009

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PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported fourth quarter losses of $821K and full year 2009 losses of $2M.

However, fourth quarter revenue was up seven percent year over year to $22 million and up nine percent for the full year to $84.6 million. Vocus signed a record 447 net new customers in Q4, bringing the company’s total number of subscription customers to 4,400.

CEO Rick Rudman said in a conference call that the company would invest in three areas of business in 2010: core mid-market direct sales, small business and social media.

Regarding the mid-market direct sales, Rudman said the company will grow market-share via a larger sales-force, “at the expense of competitors who are financial unavailable to make similar investments.”

In the first half of 2010, Vocus will launch a new social media module that will be an add on to the company’s existing offerings. The new social media offering will create “short term pressure on operating margins,” but is important for “long term growth” and “new market opportunities,” said Rudman.

“With more than $100 million in the bank, no debt, and positive cash flow, we need to invest,” he said.

Rudman said the company expects PR spending to remain even in 2010, with “no improvement or deterioration.”

New clients signed in Q4 2009 include Coleman Company, Royal Caribbean Cruises and Volvo Group North America.

RELATED: Vocus CMO: We’ve Got $100M In The Bank, Which Gives Us ‘Ability To Look For Acquisitions’