Overview

Answers Corporation, incorporated in December 1998, owns, operates and provides online answer-based information retrieval service that offers Internet users formatted snapshot, multi-faceted definitions and explanations, integrated into a single consolidated browser view. The Company's flagship site, Answers.com, is an aggregator of information and reference content, on more than three million topics, covering general reference, business, arts and culture, legal, medical, science and technology, people, places, music and many others. The Company's topic library contains over 60 titles from brand-name publishers. Answers Corporation announced the release of the Answers.com on January 3, 2005. Prior to January 2005, the Company was primarily in the business of selling subscriptions for access to its answer-based product. In October 2005, the Company changed its name from GuruNet Corporation to Answers Corporation. In November 2006, the Company acquired FAQ Farm (www.faqfarm.com), a Website containing a cross disciplinary library of user-contributed questions and answers. Additional Information from Reuters

Financials (In millions of USD)

Income Statement

Quarterly
(Sep '06)

Annual
(2005)

Annual
(2004)
Total Revenue

1.86

2.05

0.19
Gross Profit

1.01

1.05

-0.45
Operating Income

-1.30

-6.52

-2.05
Net Income

-1.19

-6.01

-6.59
Balance Sheet

Total Current Assets

12.49

14.80

7.69
Total Assets

19.54

21.87

8.91
Total Current Liabilities

1.45

1.37

1.00
Total Liabilities

2.85

2.53

2.08
Total Equity

16.69

19.34

6.82
Cash Flow

Net Income/Starting Line

-1.19

-6.01

-6.59
Cash from Operating

-0.87

-4.29

-4.27
Cash from Investing

-0.72

-9.81

-6.18
Cash from Financing

0.00

15.38

11.90
Net Change in Cash

-1.60

1.27

1.44

              Source:  Google Finance

Key Elements

  • Advertising sales generated through the site
  • ANSW turning towards profitability in the near future
  • Debt free
  • Strategic partnerships with Google, Microsoft, Mozilla, NY Times, CBS News
  • Possibility of becoming a household source of information just like Google
  • Answers.com traffic is comparable to that of Askjeeves/ask.com

 

Charts

 

3 Month Chart

1 Year Chart

5 Year Chart

                                                                       Source:  BigCharts.com

News

              Source:  Yahoo Finance

 

Ownership