Results from Opinion Research Corp

Opinion Research Corporation has announced healthy results for the fourth quarter and full year 2004. Net income was $2.4m, or $0.38 per diluted share, compared with a loss of $8.9m in 2003 - the difference is almost exactly the amount of an $11.5m goodwill impairment charge in 2003. Figures are net of tax benefits.

Teleservices revenues were down from $4.4m in Q4 2003 to $2.6m a year later, while revenues from both social research and market research were up - the former from $28.5m to $32.3m and the latter from $13.2m to $14.4m.

Revenues for the full year 2004 were $195.6m versus $179.6m for the full year 2003, with social research revenues up from $115.6m in 2003 to $128.2m and market research up from $49.1m to $54.6m.

The company expects revenues in 2005 to be between $200 and $205 million, net income to be between $4.4 and $4.9 million and diluted earnings per share to be between $0.65 and $0.73. These forecasts do not include the impact of a potential common stock offering in 2005.

Chairman and CEO John F. Short says the pleasing results reflect 'the strong growth and profitability in our social research business and the improvement in our market research business ... We believe that the outlook for our market research business is improving, based on increased new business bookings and backlog, and we expect continued good performance from our social research business'.

The company is on the web at www.opinionresearch.com

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.