2004 revenue at web analytics provider WebSideStory Inc. increased 38% over 2003, reaching $22.6 million from $16.36 million, the company reports. Net income in 2004 was $1.78 million compared to a net loss of $1.86 million in 2003, the company says.
Fourth quarter revenue reached $6.53 million, up 43% over $4.56 million in Q4 2003. Fourth quarter net income was $840,000, an increase of 108% over $404,000 in Q4 2003.
"We are pleased to announce another record quarter, growing our core HBX subscription business by 48% compared to last year and exceeding the high end of our guidance on both revenue and earnings before stock-based compensation," said Jeff Lunsford, WebSideStory chairman and CEO. "The digital marketing space continues to flourish, and our agreement to acquire Atomz and planned roll-out of the WebSideStory Active Marketing Suite provide great opportunities for continuing to capture that growth.”
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