LoopNet Inc., which operates a commercial real estate listing service online, today reported that the company achieved its second consecutive year of GAAP profitability and positive cash flow for calendar year 2004.

LoopNet Inc., which operates a commercial real estate listing service online, today reported that the company achieved its second consecutive year of GAAP profitability and positive cash flow for calendar year 2004. LoopNet’s revenue for 2004 increased more than 60 percent over the prior year.

While the company did not disclose specific financial information, LoopNet reported a host of other statistics on its membership base, site traffic and listings content.

At year-end 2004, registered members of the company’s core listing service exceeded 700,000, an increase of more than 55 percent from the year- earlier period.

During 2004, subscriptions to LoopNet’s Premium Membership surpassed the 35,000-subscriber mark, an increase of more than 65 percent from the previous year.

More than 265,000 property listings currently live on the company’s site, and property listings returned in searches surpassed 60 million per month last year.

LoopNet provides information services to the commercial real estate industry. Its customers include AMB Property Corp., CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, Cushman & Wakefield, Grubb & Ellis, Lincoln Property Co., Marcus & Millichap, NAI, Prudential CRES, RE/MAX, RREEF, Sperry Van Ness, The Staubach Co. and Trammell Crow.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×