INSW

[kslifka]

INSW...any thoughts on the earnings??  Stock was way up.

InsWeb Reports First Profitable Quarter
Monday April 16, 4:00 pm ET

Company Closes Term Life Agency to Focus on Lead Generation; Realigns Management Team

SACRAMENTO, CA--(MARKET WIRE)--Apr 16, 2007 -- InsWeb Corp. (NasdaqCM:INSW - News) today announced results for the first quarter ended March 31, 2007, reporting the first operating profit in the history of the Company.


InsWeb Chairman & CEO Hussein Enan stated, "We are very pleased to have achieved our goal of attaining profitability for the company. We have successfully refined and enhanced our model and can now manage the business accordingly, with the expectation of achieving operating profitability for 2007 and beyond."

Separately, the company announced the closure of its Term Life Agency as the last stage in the Company's plan to concentrate solely on lead generation opportunities. InsWeb will continue to offer term life products to consumers visiting its online insurance marketplace through a lead referral model, which the Company believes is more profitable and offers a more scalable opportunity.

Revenues for the first quarter were $8.1 million, compared to $7.7 million in the first quarter of 2006 and $5.8 million in the fourth quarter of 2006. InsWeb reported net income for the first quarter of $0.4 million, or $0.10 per share. This compares to a net loss in the first quarter of 2006 of $1.7 million, or $0.41 per share, and to a net loss of $0.3 million, or $0.08 per share, in the fourth quarter of 2006. The Company was cash flow positive during the first quarter of 2007 and ended the period with cash and short-term investments of $7.1 million.

"Our path to profitability started several quarters ago with a host of initiatives designed to streamline our operations and focus our efforts on profitable revenue streams. These initiatives included tightening controls on our consumer marketing programs, significantly reducing our operating expenses, and improving our consumer metrics through the growth of our AgentInsider(TM) and Sponsored Web Links programs. Now that the expenses of realigning our technology platform with our new model are behind us, we are well positioned as a comprehensive and scalable lead referral-based online insurance platform," added Mr. Enan.

The Company also announced a reorganization involving members of its senior staff. Effective immediately, Jaimie Pickles, Executive Vice President, has been promoted to President & Chief Operating Officer. Most recently, he was instrumental in the launch and growth of the company's AgentInsider product. "I am delighted that Jaimie has accepted to move his family to Sacramento to take a more active role in managing the company," said Mr. Enan. "Jaimie has repeatedly demonstrated his leadership and dedication to the success of the company; the entire staff is thrilled to have him join us at headquarters in this hands-on capacity."

Mr. Pickles commented, "I have enjoyed eight rewarding years with InsWeb and am privileged to lead a talented and dedicated team that has persevered to position us for future success. I am very excited about the great foundation we have built and the many opportunities that lie ahead."

[REALDEALS21]

You think another 52 week HIGH tomorrow will be made ??

[kslifka]

You think another 52 week HIGH tomorrow will be made ??

Don't know about a 52 week high tomorrow...but the 38% fib retracement sits right at 6.20...which is also the point that it broke out intra day today.  I believe that would be a good pick up around that level.   Unless someone can convince me otherwise regarding INSW's earnings report.