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Jupitermedia Corporation (News) (Nasdaq: JUPM) today reported results for the quarter ended December 31, 2007.
Jupitermedia Corporation (www.jupitermedia.com) headquartered in Darien, CT, is a leading provider of original images and information for creative, business and information technology professionals. Jupiterimages provides photos and other graphic images electronically while JupiterOnlineMedia operates five distinct online networks for IT professionals, developers, and creative professionals.

Highlights for the year 2007 include:
Revenues increased to $140.3 million for 2007 from $137.5 million for 2006.
Net loss was $77.3 million, or $2.15 per diluted share, and included non-cash stock-based compensation expense, one time expenses related to debt issuance costs, and legal and other fees associated with discussions with Getty Images, Inc. regarding a potential transaction that were terminated on March 7, 2007, which totaled $0.08 per diluted share, and a non-cash impairment charge of $82.2 million ($76.7 million after tax or $2.13 per diluted share) related to the write-down of goodwill and intangible assets. Excluding these non-cash and one-time charges, earnings per diluted share were $0.06 for 2007.
Deferred revenues increased from $13.5 million at December 31, 2006 to $15.6 million at December 31, 2007 due to the acquisition of Mediabistro and the increase in bookings for our JupiterimagesUnlimited high level subscription offering.

Highlights for the fourth quarter of 2007 include:
Revenues for the fourth quarter of 2007 were $36.1 million compared to revenues of $34.8 million for the same period last year. Loss per diluted share was $2.13 and included non-cash stock-based compensation expense of $0.01 per diluted share, and a non-cash impairment charge after tax of $2.13 per diluted share related to the write-down of goodwill and intangible assets. Excluding these non-cash charges, earnings per diluted share were $0.01 for the fourth quarter of 2007.
Long-term debt was reduced by $3.7 million during the fourth quarter of 2007.

“Our financial results for the year ended December 31, 2007 included record revenues. Our Jupiterimages division showed strength in 2007. Our Rights Managed category experienced over 30% revenue growth from 2006 to 2007. In addition, revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 275% from 2006 to 2007. Our backlog for JupiterimagesUnlimited increased sharply during 2007 which bodes well for future revenues. Due to the evolution taking place in the stock photo industry, we are currently focusing on our strengths: sales of Rights Managed images, subscription products, including JupiterimagesUnlimited, and our microstock offerings” stated Jupitermedia’s Chairman and CEO Alan M. Meckler. “During 2007 we continued to make investments in our JupiterOnlineMedia division, including our acquisition of Mediabistro in July. Mediabistro, which has a loyal following of media and creative professionals, provides our JupiterOnlineMedia division with new and growing revenue streams through its vertical online job board and its training courses which are offered both online and in-person,”

added Meckler.

Jupiterimages is a leading worldwide provider of stock imagery, offering more than 9.0 million rights-managed and royalty-free images, along with images by subscription. Clients can search for and license single images or purchase entire collections on CD. In addition, Jupiterimages offers footage, Flash, music, clipart, animations and greeting e-cards to serve the needs of creative professionals. All of this makes Jupiterimages and its other offerings the complete solution for any creative project.