Intersections (INTX) Reports Q4 Loss of $0.68/Share

Intersections Inc. Reports Fourth Quarter 2015 Results

Identity Guard® subscriber base and revenue continue year-over-year growth Restructuring plan started in 2014 and further actions in 2015 expected to generate $19.0 million in annualized cost savings Raised $7.5 million gross proceeds from private placement of common stock Completed a $20 million long term debt financing in March 2016

CHANTILLY, Va.--(BUSINESS WIRE)-- Intersections Inc. (NASDAQ: INTX) today announced financial results for the quarter ended December 31, 2015.

We have implemented our cost reduction program, raised incremental... More

Intersections Inc. Completes $20 Million Debt Financing

Debt Financing Follows $7.5 million Gross Equity Proceeds in Fourth Quarter 2015

CHANTILLY, Va.--(BUSINESS WIRE)-- Intersections Inc. (NASDAQ: INTX) today announced that it successfully completed a $20 million term loan financing with Crystal Financial LLC (Crystal). Additionally, the Company noted that during the fourth quarter of 2015, it closed a private placement of 3.0 million shares of its common stock, raising gross proceeds of $7.5 million. The Company will use up to a maximum of $15 million of the proceeds from the term loan in connection with the market launch of the Companys pet health monitoring... More