Stockgroup Information Systems Inc. (OTCBB: SWEB, TSX-V: SWB), a financial media company that serves financial institutions, media publishers, corporations and the investment community, announced today that it closed the year ended December 31, 2005 with a record Q4, reporting its 12th consecutive quarter of revenue growth. A conference call and webcast will be held today at 4:05 PM EST to discuss the results.
Stockgroupâ¢ reported Q4 revenue of US$1,795,813, up 31.6% over previous year, with earnings of US$58,717, up 45.5% over previous year. The Company ended its fiscal 2005 with US$6,099,528 in revenue, an improvement of 26.5% over fiscal 2004. It posted a loss of US$58,590, primarily due to a one-time settlement with its data vendors, reported in Q3 2005. The Company generated US$555,114 of positive operating cash flow and ended the year with US$2,056,761 in cash and cash equivalents.