Harris Interactive sees earnings rise despite revenue drop

US — Harris Interactive saw its revenues down for the 12 months to 30 June 2013 compared with the previous year according to its full fiscal 2013 results.

Revenues for the 12 months 2013 were down $7.2m to $140.3m compared with fiscal year 2012 although the fourth quarter saw revenues gain slightly at $36.7m compared with $36.5m for Q4 2012.

However, adjusted Ebitda for the fiscal year came in at $14m compared with $4.7 in 2012 while Q4 2013 saw Ebitda at $2.9m compared with $1.7m for the same period 2012, and the company predicted that it could see earnings up to $16.5m by end of fiscal 2014.

President and CEO of Harris Interactive Al Angrisami said the company was pleased with its full fiscal 2013 financial performance, which represented more than a 20% year over year improvement, adding that the company had managed to pay off all its outstanding debt prior to maturity.

He continued: “Going forward, we will begin the transition away from the turnaround of the last two fiscal years to a business model focused on investing in the business for long term shareholder value creation.”

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts