Summary
This 8-K filing from priceline.com Incorporated (now Booking Holdings Inc.) on February 23, 2005, primarily reports the company's financial results for the fourth quarter and full year ended December 31, 2004, and provides initial guidance for the first quarter of 2005. Investors can note the company's revenue and net income performance for 2004, as well as its cash and marketable securities position. The filing also highlights the anticipated growth in organic gross bookings and outlines expected expenses for the upcoming quarter, offering insight into the company's operational outlook.
Key Highlights
- 1Priceline.com announced its financial results for the fourth quarter and year ended December 31, 2004.
- 2For Q4 2004, revenues were $195.0 million and gross profit was $49.9 million.
- 3For the full year 2004, revenues reached $914.4 million and gross profit was $198.2 million.
- 4GAAP net income for Q4 2004 was $5.0 million ($0.12 per diluted share), and $30.0 million ($0.76 per diluted share) for the full year 2004.
- 5The company reported $247.7 million in cash and marketable securities as of December 31, 2004.
- 6Priceline.com anticipated "organic" gross bookings growth exceeding 30% in Q4 2004 year-over-year, excluding certain arrangements.
- 7Guidance for Q1 2005 projected revenue growth of 5-10% and gross profit growth of 30-35% compared to Q1 2004.