Audible Announces Second Quarter 2006 Financial Results; Company Reports Net Revenue of $19.1 Million; Reports GAAP EPS of ($0.09) and Non-GAAP EPS of ($0.03); Achieves $1.7 million in free cash flow.

Business Wire (July 27, 2006)

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Audible Announces Second Quarter 2006 Financial Results; Company Reports Net Revenue of $19.1 Million; Reports GAAP EPS of ($0.09) and Non-GAAP EPS of ($0.03); Achieves $1.7 million in free cash flow.

WAYNE, N.J. -- Audible, Inc. (NASDAQ: ADBL; www.audible.com), the leading provider of spoken entertainment and information on the Internet, today announced financial results for the second quarter ended June 30, 2006.

Audible reported consolidated net revenue for the second quarter 2006 of $19.1 million, up 25% year over year; GAAP loss from operations of $2.9 million and non-GAAP loss from operations of $1.3 million, versus a non-GAAP loss from operations of $2.6 million in Q1-06. Non-GAAP figures exclude the impact of stock-based compensation expenses.

GAAP net loss in Q2-06 was $2.2 million, or $0.09 net loss per share. Non-GAAP net loss was $0.6 million, or $0.03 net loss per share.

Total AudibleListener(R) members acquired during the quarter was 65,200, representing growth of 25% year over year. At the end of Q2-06, the total number of AudibleListener members was 308,800, representing growth of 51% year over year, as churn declined by 120...

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