Vocus Announces Revenue Growth, Operations Loss, and an Acquisition

This afternoonVocus announced $26.3 million in non-GAAP revenue for Q4 2010, a 19 percent increase year-over year.  GAAP revenue for Q4 was $26 million, an 18 percent increase over the same period of the previous year.

However, there was an $866,000 GAAP loss for operations for the quarter. Non-GAAP operations income for the quarter was $3.4 million (same as last year), Non-GAAP net operations income was $3.9 million. GAAP net loss was $397,000.

For the full year, total non-GAAP revenue totaled $97.9 million, a 16 percent increase over the previous year. GAAP revenue was $96.8 million, a 14 percent year-over-year increase. There was a $3.6 million GAAP loss for operations for the year compared with GAAP income of $376,000 for the previous year. Non-GAAP income for the year was 14.2 million compared with $15.1 million for 2009. GAAP net loss for operations for the year was $3.7 million.

Vocus also announced that it acquired Engine 140, a company that provides clients with brand-building software for Twitter. The acquisition was complete on December 23 with no financial details, although Vocus says it didn’t impact Q4 2010 results and won’t have an impact on Q1 or full-year 2011 results.

Engine 140’s co-founders You Mon Tsang and Dan Gartung, who were also co-founders of Biz360, will join Vocus. Tsang will be SVP of products and Gartung will be on the company’s development team.