InnerWorkings Announces Fourth Quarter and Full-Year 2017 Results
Fourth Quarter 2017 Results: • Record gross revenue was $301.0 million in the fourth quarter, an increase of 11% compared with $270.4 million in the fourth quarter of 2016. • Gross profit (net revenue) was $71.3 million, or 23.7% of gross revenue, in the fourth quarter, an increase of 4% compared to $68.7 million, or 25.4% of revenue, in the same period of 2016. Full-Year 2017 Results and Recent Highlights: • Gross revenue was $1,136.3 million in 2017, an increase of 4% compared with $1,090.7 million in 2016. • Gross profit (net revenue) was $278.3 million, or 24.5% of gross revenue, in 2017, a 6% increase compared to $263.5 million, or 24.2% of revenue, in 2016. • Net income in 2017 was $19.0 million, or $0.35 per diluted share, compared to $4.4 million, or $0.08 per diluted share, in 2016. Click Read More below for additional information.