TheStreet.com (TSCM) Highlights From Q4 Conference Call; Things Are Tough "But We Have Cash"

TheStreet.com (Nasdaq: TSCM) released its Q4 results tonight and reported EPS of breakeven, in-line with the analyst estimates. Revenue for the quarter was $16.5 million, versus the consensus of $17.34 million.

TheStreet has cut some of its overhead costs, but to be cash flow positive it may have to make additional cost cuts. TheStreet has office space that it could sublease and potentially could close other offices. The company is trading near cash value and likely will not see a major fall in its stock price after this quarter's earnings.

Shares of TheStreet.com traded down 3% after the earnings were announced. Below are some highlights from TheStreet.com's conference call:

• 2008 was a tough year for TSCM and didn't live up to expectations.
  
• Revenue decreased 17% from the same quarter a year ago.
  
• Many advertising campaigns were delayed.
  
• TheStreet had $5.3M advertising revenues in Q4, down from the previous quarter.
  
• Paid services for TheStreet.com's site fell 11% from Q4 last year.
  
• Reduced headcount by 11%, year-end headcount is 310 employees.
  
• Expects further cost reductions to achieve positive free-cash-flow.
  
• TheStreet.com has $76.5 million in cash and no bank debt.
  
• TheStreet attracted 24 new advertisers this quarter, giving TSCM approximately 92 advertisers.
  
• TSCM could potentially increase its dividend.
  
• Generated negative cashflow from operations and negative free-cash flow for the first time.
  
• TheStreet.com's drop in cash was approximately $3.5 million.
  
• Over 7M unique visitors come to the TheStreet's network each month.
  

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Amerant Bancorp (AMTB) Declares $0.09 Quarterly Dividend; 1.9% Yield
• Colonial Bankshares, Inc. (OBK) Declares $0.15 Quarterly Dividend; 2% Yield