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Israel-based IncrediMail rakes in some Incredidollars

Posted on May 16, 2007 • By Rebecca Markowitz
Category: Technology |

According to their press release, Israel-based IncrediMail Ltd. (NASDAQ:MAIL), reported net income growth of 51% in the first quarter of 2007. IncrediMail revamps emails with entertaining add-ons like emotions, sounds, animations, you name it. You can download the basic IncrediMail for free on their cute website. The company is more than a pretty face though, as it reports revenues in the millions.

A little more about Incredimail:

IncrediMail designs and markets an integrated suite of customized and entertaining Internet software products for the consumer market. Our products include: IncrediMail Xe, which allows users to personalize email messages with creative features and is offered free of charge; IncrediMail Premium, an enhanced version of IncrediMail Xe; IncrediMail Letter Creator, which enables further personalization of backgrounds; The Gold Gallery, a content database of additional backgrounds, animation and notifiers, JunkFilter Plus, an anti-spam solution, and the recently introduced Magentic, a desktop enhancing solution. IncrediMail generates revenue by the sale of these products and services; licensing and co-branding the Incredi brand to operators of third party websites; and selling paid advertising and sponsored links on its website and email client. For more information about IncrediMail, visit www.incredimail-corp.com.

Check out the millions of bucks this company is raking in:

Revenue in the first quarter of 2007 was $4.4 million, double the $2.2 million recorded in the first quarter of 2006. Net income on a U.S. GAAP (Generally Accepted Accounting Principles) basis for the first quarter of 2007 reached $0.8 million, or $0.09 per diluted share, increasing 51% over the $0.6 million, or $0.06 per diluted share, reported in the first quarter of 2006. Mr. Yaron Adler, Chief Executive Officer of IncrediMail, said, “This is IncrediMail’s third consecutive quarter of record revenue. During this quarter we continued to invest in our product pipeline, and our new Magentic product has already surpassed 2.5 million registered downloads. We’ve released the Japanese version of our program and are diligently working on our new Chinese language version, intended for release in the second quarter of 2007, as well as the beta version of our new instant messaging product, which we expect to release then, too. We continue to ramp up our investments in R&D and sales and marketing, which combined, nearly tripled in the first quarter of 2007, compared to the first quarter of 2006. We further enhanced and improved our administrative infrastructure, which helped to manage this quantum growth.”

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