Nao Medical adopts AI medical coding software XpertDox
Nearly $265B in claims are denied every year because of the way they're coded
Read more...Demand Media, which produces 5700 new pieces of content daily, is teeing up to raise more than $100 million through an initial public offering.
It was widely expected to happen soon. See my interview with CEO and co-founder Richard Rosenblatt: Demand Media's IPO ambitions
Demand, a new media company that thrives on demand-based content generation driven primarily by what people are searching for, just today filed its S-1.
The main bankers behind the deal include Goldman Sachs as the lead, and then Morgan Stanley. Other partners in the syndicate include UBS, Allen & Co., Jefferies & Co., Stifel Nicolaus, RBC and Pacific Crest.
The takeaway from the S-1: The company has $33 million in cash, is "almost" breakeven, and could see revenue growth in the 15% to 20% range this year should the second half of 2010 improve (which it typically does for the advertising industry).
Of the $198 million in sales generated in 2009, 41% came from advertising on its own sites, eHow, Cracked, Livestrong, to name a few, as well as its network of sites. On those sales, Demand produced a net loss of $22 million and an operating loss of $18 million.
In the first six months of this year, the company generated $114 million in revenue and posted a net loss of $6 million and operating loss of $4 million, in the same period.
Of the revenue generated in the first six months of 2010, 42% came from its registrar business, down from 46% in all of 2009.
Some interesting highlights:
1) Revenue grew 16% in 2009
2) Revenue per thousand pages (RPM) is $11.81 during the first half of 2010, up from $10.03 for the same period a year ago.
3) 21% of revenue comes from eHow during the first six months of 2010
4) Demand generates 5700 pieces of original content (articles or video) daily. They currently have a library of 2 million articles and 200,000 videos
5) Generates 3.9 billion pageviews from its owned and operated properties vs 5.8 billion pageviews from its network of customer Web sites
Here's a video with Richard talking about the company's business.
(Full disclosure: Richard Rosenblatt is an investor in Vator)
Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.
All author postsNearly $265B in claims are denied every year because of the way they're coded
Read more...Most expect to see revenue rise, while also embracing technologies like generative AI
Read more...The market size for 2023 was $10.31 billion
Read more...Joined Vator on