Industry News

HouseValues reports profitable year

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Online real estate marketing company HouseValues on Thursday reported $14.4 million revenue for the fourth quarter, up 112 percent from the same quarter the previous year. Revenue for all of 2004 was $47.7 million, up 90 percent from 2003.   Fourth quarter net income was $1.9 million, or 8 cents per diluted share, compared to net income of $614,000, or 3 cents per diluted share, in the fourth quarter of 2003. Net income for the year ended was $7.5 million or 34 cents per diluted share, compared to net income of $3.8 million or 18 cents per diluted share for the year ended December 31, 2003.   HouseValues offers lead generation and lead management services and products for real estate brokers and agents. The company draws home sellers through its Web site, and home buyers through its site.   2004 marked the 15th  consecutive profitable quarter for HouseValues and operating profit nearly doubled year-over-year to $13.7 million last yea...