U.S. markets close in 5 hours 14 minutes

Travelzoo (TZOO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
6.67+0.18 (+2.77%)
As of 10:41AM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Previous Close6.49
Open6.50
Bid6.61 x 1200
Ask6.67 x 800
Day's Range6.35 - 6.67
52 Week Range3.04 - 13.80
Volume20,481
Avg. Volume195,365
Market Cap79.871M
Beta (5Y Monthly)1.78
PE Ratio (TTM)N/A
EPS (TTM)-1.14
Earnings DateOct 21, 2020 - Oct 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-18% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • GlobeNewswire

    Travelzoo Reports Second Quarter 2020 Results

    NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Travelzoo® (NASDAQ: TZOO): * Revenue of $7.0 million, down 73% from $26.6 million year-over-year * Non-GAAP operating loss of $2.5 million (adjustment of GAAP operating loss by excluding $4.1 million in stock option compensation expense) * GAAP operating loss of $6.6 million * Earnings per share (EPS) of ($0.48) attributable to Travelzoo from continuing operationsTravelzoo, a global Internet media company that publishes exclusive offers and experiences for members, today announced financial results for the second quarter ended June 30, 2020. Revenue was $7.0 million, down 73% from $26.6 million year-over-year. Reported revenue excludes revenue from discontinued operations in Asia Pacific. Travelzoo's reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members.The operating loss for Q2 was $6.4 million attributable to Travelzoo from continuing operations. At the consolidated level, including minority interests, the operating loss from continuing operations was $6.8 million. The losses were primarily caused by an unusually high stock option compensation expense of $4.1 million related to repricing of outstanding options, offset by a $1.1 million gain from the reduction of the purchase price for Jack's Flight Club®. EPS from continuing operations was ($0.48), down from $0.25 in the prior-year period."After adjusting our cost structure quickly in Q2, we have turned our view to the future to regain profitability as soon as Q3. We are already seeing irresistibly priced travel deals coming to the market, which were unheard of previously. Airlines, hotels, destinations and entertainment companies want travelers to come back and will need to invest in advertising. Travelzoo, as the most trusted media company in publishing and recommending travel deals, will tell its members about the very best deals," said Holger Bartel, Global CEO.Cash Position As of June 30, 2020, cash, cash equivalents and restricted cash were $27.0 million. In April 2020 and May 2020, Travelzoo received low-interest government loans under the Paycheck Protection Program of $3.1 million and $535,000, respectively. No further applications for loans have been made since then and the company does not anticipate requiring any further loans.North America North America business segment revenue decreased 77% year-over-year to $4.2 million. GAAP operating loss for the second quarter was $4.7 million, or (112%) of revenue, compared to an operating profit of $3.6 million, or 20% of revenue in the prior-year period.Europe Europe business segment revenue decreased 79% year-over-year to $1.9 million. In constant currencies, revenue decreased 76% year-over-year. Operating loss for the second quarter was $1.7 million, or (91%) of revenue, compared to an operating profit of $584,000, or 5% of revenue in the prior-year period. Jack’s Flight Club On January 13, 2020, Travelzoo acquired 60% of Jack’s Flight Club, a subscription service. In Q2 2020, the Jack's Flight Club business segment generated $1.2 million in revenue from subscriptions with operating profit of $914,000. After consolidation with Travelzoo, Jack’s Flight Club's operating loss was $615,000, with $369,000 attributable to Travelzoo as a result of recording $462,000 for a one-time expense due to the revision of the purchase agreement with the sellers, $395,000 of amortization of intangible assets related to the acquisition and a haircut of revenue (derived from deferred revenue sold prior to acquisition) of $305,000 due to purchase accounting in accordance with U.S. GAAP.Members and Subscribers As of June 30, 2020, we had 31.0 million members worldwide. In Europe, the unduplicated number of Travelzoo members was 9.0 million as of June 30, 2020, consistent with June 30, 2019. In North America, the unduplicated number of Travelzoo members was 16.8 million as of June 30, 2020, down 5% from June 30, 2019. Jack’s Flight Club had 1.7 million subscribers as of June 30, 2020, up 19% from June 30, 2019. On June 16, 2020, Travelzoo disclosed that it sold its subsidiary in Japan, Travelzoo Japan K.K., to Mr. Hajime Suzuki. In connection with the sale, Travelzoo and Travelzoo Japan K.K. entered into a licensing agreement. Under the licensing agreement, Travelzoo’s existing members in Japan will continue to be owned by Travelzoo as the licensor.Discontinued Operations As announced in a press release on March 10, 2020, Travelzoo decided to exit its Asia Pacific business which in 2019 reduced EPS by $0.60. The Asia Pacific business was classified as discontinued operations at March 31, 2020. Prior periods have been reclassified to conform with the current presentation. Certain reclassifications have been made for current and prior periods between the continued operations and the discontinued operations in accordance with U.S. GAAP.Income Taxes Income tax benefit was $1.3 million, compared to an income tax expense of $1.1 million in the prior-year period.Outlook We currently see a trend of recovery of our revenue. We have been able to reduce our operating expenses significantly. As a result of recovery of revenue and substantially lower operating expenses, we expect to achieve a break-even or small profit in terms of non-GAAP operating income for Q3 and a non-GAAP operating profit for Q4 2020.Conference Call Travelzoo will host a conference call to discuss second quarter results today at 11:00 a.m. ET. Please visit http://ir.travelzoo.com/events-presentations to * download the management presentation (PDF format) to be discussed in the conference call; and * access the webcast.About Travelzoo Travelzoo® provides our 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers-our long-standing relationships give Travelzoo members access to irresistible deals.Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.Travelzoo and Top 20 are registered trademarks of Travelzoo. Travelzoo Condensed Consolidated Statements of Operations(In thousands, except per share amounts) Three months ended Six months ended (Unaudited)June 30, June 30,  2020 2019 2020 2019 Revenues$7,004   $26,606   $27,331   $55,766   Cost of revenues2,141   2,672   4,844   5,537   Gross profit4,863   23,934   22,487   50,229   Operating expenses:        Sales and marketing4,288   13,104   17,382   26,638   Product development566   1,763   1,994   3,422   General and administrative6,642   4,914   12,164   9,446   Impairment of intangible assets and goodwill—   —   2,920   —     Total operating expenses11,496   19,781   34,460   39,506   Operating income (loss)(6,633)  4,153   (11,973)  10,723   Other income (loss), net(179)  (29)  (185)  16   Income (loss) from continuing operations before income taxes(6,812)  4,124   (12,158)  10,739   Income tax expense (benefit)(1,309)  1,066   (1,826)  2,736   Income (loss) from continuing operations(5,503)  3,058   (10,332)  8,003   Loss from discontinued operations, net of tax(795)  (1,730)  (3,714)  (3,555)  Net income (loss)(6,298)  1,328   (14,046)  4,448   Net loss attributable to non-controlling interest(108)  —   (1,247)  —   Net income (loss) attributable to Travelzoo$(6,190)  $1,328   $(12,799)  $4,448            Net income (loss) attributable to Travelzoo—continuing operations$(5,395)  $3,058   $(9,085)  $8,003   Net income (loss) attributable to Travelzoo—discontinued operations$(795)  $(1,730)  $(3,714)  $(3,555)           Income (loss) per share—basic        Continuing operations$(0.48)  $0.25   $(0.80)  $0.67   Discontinued operations$(0.07)  $(0.14)  $(0.33)  $(0.30)  Net income (loss) per share —basic$(0.55)  $0.11   $(1.13)  $0.37            Income (loss) per share—diluted        Continuing operations$(0.48)  $0.25   $(0.80)  $0.66   Discontinued operations$(0.07)  $(0.14)  $(0.33)  $(0.30)  Net income (loss) per share—diluted$(0.55)  $0.11   $(1.13)  $0.36   Shares used in per share calculation from continuing operations—basic11,310   12,003   11,375   11,959   Shares used in per share calculation from discontinued operations—basic11,310   12,003   11,375   11,959   Shares used in per share calculation from continuing operations—diluted11,310   12,278   11,375   12,251   Shares used in per share calculation from discontinued operations—diluted11,310   12,003   11,375   11,959                Travelzoo Condensed Consolidated Balance Sheets(In thousands) (Unaudited)June 30, 2020 December 31, 2019 Assets    Current assets:    Cash and cash equivalents$25,563   $18,743   Accounts receivable, net4,031   11,209   Prepaid income taxes—   989   Deposits112   105   Prepaid expenses and other1,173   2,288   Assets from discontinued operations590   3,961   Total current assets31,469   37,295   Deposits and other829   572   Deferred tax assets4,341   2,051   Restricted cash1,138   1,135   Investments in WeekenGO and other2,152   2,484   Operating lease right-of-use assets9,929   8,140   Property and equipment, net1,689   2,861   Intangible assets, net5,200   —   Goodwill10,944   —   Total assets$67,691   $54,538   Liabilities and Stockholders’ Equity (Deficit)    Current liabilities:    Accounts payable$29,674   $19,349   Accrued expenses and other5,436   6,281   Deferred revenue2,779   786   Operating lease liabilities4,440   4,847   Promissory notes payable1,700   —   Income tax payable773   914   Liabilities from discontinued operations1,456   3,135   Total current liabilities46,258   35,312   Notes payable3,663   —   Deferred tax liabilities1,044   —   Long-term operating lease liabilities12,062   7,920   Other long-term liabilities457   443   Total liabilities63,484   43,675   Non-controlling interest4,508   —   Common stock113   115   Additional paid-in capital4,031   —   Retained earnings221   14,200   Accumulated other comprehensive loss(4,666)  (3,452)  Total stockholders’ equity (deficit)(301)  10,863   Total liabilities and stockholders’ equity (deficit)$67,691   $54,538            Travelzoo Condensed Consolidated Statements of Cash Flows(In thousands)Three months ended Six months ended (Unaudited)June 30, June 30,  2020 2019 2020 2019 Cash flows from operating activities:        Net income (loss)$(6,298)  $1,328   $(14,046)  $4,448   Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        Depreciation and amortization667   333   1,218   663   Stock-based compensation4,122   319   4,145   482   Deferred income tax(1,152)  4   (1,761)  345   Impairment of intangible assets and goodwill—   —   2,920   —   Loss on long-lived assets—   —    437  —   Loss on equity investment in WeekenGO141   238   336   397   Gain on notes payable settlement(1,500)  —   (1,500)  —   Net foreign currency effects225   (5)  (456)  (26)  Provision of loss on accounts receivable and other986   (51)  2,427   26   Changes in operating assets and liabilities, net of acquisitions:        Accounts receivable3,674   201   6,183   (2,779)  Income tax receivable—   (817)  989   (428)  Prepaid expenses and other558   (186)  1,420   239   Accounts payable16,702   (1,687)  10,309   (2,788)  Accrued expenses and other(2,084)  (442)  (1,380)  1291  Deferred revenue360   146   1,249   —   Income tax payable266   (1,084)  (67)  (96)  Other liabilities(97)  (103)  1,091   (174)  Net cash provided by (used in) operating activities16,570   (1,806)  13,514   1,600   Cash flows from investing activities:        Acquisition of business, net of cash acquired—   (673)  (679)  (673)  Other investment(430)  —   (430)  —   Purchases of property and equipment(72)  (70)  (203)  (201)  Net cash used in investing activities(502)  (743)  (1,312)  (874)  Cash flows from financing activities:        Repurchase of common stock—   (4,869)  (1,205)  (6,460)  Payment of promissory notes(6,800)  —   (7,800)  0  Proceeds from notes payable3,663   —   3,663   —   Proceeds from exercise of stock options, net of taxes paid for net share settlement of equity awards—   1,738   —   1,712   Net cash used in financing activities(3,137)  (3,131)  (5,342)  (4,748)  Effect of exchange rate on cash, cash equivalents and restricted cash(330)  (147)  (602)  5   Net increase (decrease) in cash, cash equivalents and restricted cash12,601   (5,827)  6,258   (4,017)  Cash, cash equivalents and restricted cash at beginning of period14,367   21,271   20,710   19,461   Cash, cash equivalents and restricted cash at end of period$26,968   $15,444   $26,968   $15,444   Supplemental disclosure of cash flow information:           Cash paid (refunded) for income taxes, net$(60)   $2,919   $482   $2,859   Travelzoo Segment Information (Unaudited) (In thousands)Three months ended June 30, 2020North America Europe Jack's Flight Club Elimination Consolidated Revenue from unaffiliated customers$4,254   $1,805   $945   $—   $7,004   Intersegment revenue(52)  52   —   —   —   Total net revenues4,202   1,857   945   —   7,004   Operating loss$(4,702)  $(1,683)  $(248)  $—   $(6,633)             Three months ended June 30, 2019North America Europe Jack's Flight Club Elimination Consolidated Revenue from unaffiliated customers$17,494   $9,133   $—   $(21)  $26,606   Intersegment revenue430   (451)  —   21   —   Total net revenues17,924   8,682   —     26,606   Operating income (loss)$3,590   $584   $—   $(21)  $4,153   Six months ended June 30, 2020North America Europe Jack's Flight Club Elimination Consolidated Revenue from unaffiliated customers$16,803   $8,908   $1,628   $(8)  $27,331   Intersegment revenue96   (104)  —   8   —   Total net revenues16,899   8,804   1,628   —   27,331   Operating loss$(5,678)  $(3,024)  $(3,263)  $(8)  $(11,973)             Six months ended June 30, 2019North America Europe Jack's Flight Club Elimination Consolidated Revenue from unaffiliated customers$35,630   $20,187   $—   $(51)  $55,766   Intersegment revenue881   (932)  —   51   —   Total net revenues36,511   19,255   —   0 55,766   Operating income (loss)$8,053   $2,721   $—   $(51)  $10,723   Investor Relations: Almira Pusch ir@travelzoo.com

  • GlobeNewswire

    Travelzoo Q2 2020 Earnings Conference Call on July 30 at 11:00 AM ET

    NEW YORK, July 29, 2020 (GLOBE NEWSWIRE) -- Travelzoo® (NASDAQ: TZOO): WHAT:Travelzoo, a global Internet media company, will host a conference call to discuss the Company’s financial results for the second quarter ended June 30, 2020. Travelzoo will issue a press release reporting its results before the market opens on July 30, 2020.    WHEN: July 30, 2020 at 11:00 AM ET    HOW:A live webcast of Travelzoo’s Q2 2020 earnings conference call can be accessed at http://ir.travelzoo.com/events-presentations. The webcast will be archived within 24 hours of the end of the call and will be available through the same link.    CONTACT:Almira Pusch Travelzoo Investor Relations ir@travelzoo.com About TravelzooTravelzoo® provides our 30 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 20 years we have worked in partnership with more than 5,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.

  • Thomson Reuters StreetEvents

    Edited Transcript of TZOO earnings conference call or presentation 25-Jun-20 3:00pm GMT

    Q1 2020 Travelzoo Earnings Call