fastclick files for IPO

Filed in archive Venture Capital on December 30, 2004

Fastclick the Internet Paid-for-Performance Advertising Solution Provider was just finishing a US$ 75 Million round and is now filing for IPO offering up to US$ 92 million in common stock.

Seems a bit like in the good ol' times but Fastclick also has some hard facts:

"Fastclick is also growing nicely. Revenues through the first nine months of the year have more than doubled to $39 million from $18 million a year earlier. The bottom line hasn't followed suit, with year-to-date earnings dipping from $3.9 million to $3.3 million, yet the reason for the dip in profitability is that Fastclick's income is fully taxed now. Pretax profits paint a more accurate picture, climbing 27% higher so far this year."