The Knot: Investors File For Divorce

May 8, 2009 at 11:37 am PT

The honeymoon is over for investors in The Knot (KNOT).

The wedding planning site’s shares are down sharply lower following disappointing Q1 results. Revenues for the quarter of $23.7 million were slightly ahead of the consensus at $23.5 million, and down a tad from $23.8 million a year ago. But the company lost 4 cents a share in the quarter, slightly worse than expected. And adjusted EBITDA of $1.3 million was down 52 percent year over year, and well below the Street consensus at $2.8 million. EBITDA margins fell to 6 percent from 11.5 percent a year ago.

Hurting margins in the quarter: an 8.4 percent jump on operating expenses.

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Tagged with: Barrons, digital, economy, Eric Savitz, frontpage, Internet, investors, software, Tech Trader Daily, The Knot, wedding planning

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