Coming off of a year with sales of $99.8 million and net income of $4.2 million, representatives for Author Solutions Inc. are looking for a buyer for the self-publishing giant. According to the offering memorandum, majority owner Bertram Capital, which made its first investment in ASI in 2007, is interesting in “pursuing a liquidity event as part of the normal investment cycle.”
ASI’s projections for future growth could entice a new buyer--be it another equity firm or an industry player (Amazon, Ingram?)--with sales in 2015 forecast to hit $179.6 million and net income to jump to $19.2 million. For 2012, ASI sees sales rising to $110 million and net income increasing to $7.0 million. In 2011, sales rose 13% over 2010 and the company posted its first profitable year. Since 2008, sales rose from $41.5 million with adjusted EBITDA increasing from a loss of $7.4 million to positive EBITDA of $12.2 million in 2011. ASI sees growth coming from continued expansion in the domestic self-publishing market, international expansion and leveraging its expertise into “other content forms.”
in 2011, ASI generated about 63% of its revenue from what it calls publishing and marketing services and 37% from distribution services. One strong growth areas was ASI’s partnerships with traditional publishers that generated sales of $15.6 million in 2011, a 170% increase over 2010, and are projected to rise to over $23 million in 2012. E-book sales jumped 550% last year, but accounted for only $1.3 million. International sales hit $10 million last year led by sales in the U.K. where revenue was $7.1 million, followed by sales in Australia/New Zealand where sales were $2.4 million.
in 2011, ASI generated about 63% of its revenue from what it calls publishing and marketing services and 37% from distribution services. One strong growth areas was ASI’s partnerships with traditional publishers that generated sales of $15.6 million in 2011, a 170% increase over 2010, and are projected to rise to over $23 million in 2012. E-book sales jumped 550% last year, but accounted for only $1.3 million. International sales hit $10 million last year led by sales in the U.K. where revenue was $7.1 million, followed by sales in Australia/New Zealand where sales were $2.4 million.
No comments:
Post a Comment