InfoUSA Releases Preliminary First Quarter Results

InfoUSA released financial data indicating it generated $191 million during first-quarter 2008, up from $158 million in first-quarter 2007. The Omaha, NE-based data firm’s EBITDA rose from $24 million to $27 million. The company did not release net income figures. The quarter ended March 31.

The $27 million figure includes $2.9 million in charges related to shareholder litigation, according to the company.

InfoUSA, which is in danger of being delisted from NASDAQ as a result of not filing financial statements with the SEC, will also not file an official statement for first-quarter 2008 before an SEC deadline, according to a company statement.

The company maintains that it has been unable to file financial statements for the full fiscal 2007 year, as well as its first-quarter 2008 statement, as a result of shareholder litigation and an informal investigation by the Securities and Exchange Commission.

In its release, InfoUSA did not indicate the acquisition price of Direct Media Inc., which it bought during first-quarter 2008. The company also said that, in light of its delay in filing an annual financial statement, it would not host a conference call this quarter.

Based on 2008 first quarter results, infoUSA estimated its revenue for 2008 will be in the range of $750 million to $760 million, and its EBITDA will be between $120 million to $130 million.