This summary is based on the fourth quarter fiscal 2007 earnings call conducted by TheStreet.com Inc. (TSCM: chart) on February 21, 2008.

Management:

- Investor Relations Manager: Chaela Volpe
- Chairman of the Board & Chief Executive Officer: Thomas J. Clarke, Jr.
- Chief Financial Officer: Eric Ashman

Key Investors Issues

- Revenue of $19.9 million, was up 38% from the prior year.
- Net income increased 19% to $4.7 million or 16 cents per diluted share.
- Subscription bookings totaled $7.9 million which was flat as compared to the bookings in 2006.

Full Year Highlights:

- Total revenue was $65.4 million, an increase of 29% over 2006.
- Net income was $15.1 million or 51 cents per share, up 17% from $12.9 million or 47 cents in the prior year.
- Adjusted EBITDA excluding stock-compensation expense was $17.7 million, an increase of 26% over the same period last year.

Fourth Quarter Highlights

Revenue of $19.9 million, were up 38% over 2006 and the highest quarterly revenue in the firm’s history, as marketing services revenue increased .

- Marketing services revenue which includes advertising and interactive marketing services totaled $9.5 million, up 99% from $4.8 million in 2006.
- Paid services which includes subscription, syndication, licensing and the information services revenue from the recently acquired Rate-Watch business totaled $10.4 million, up 8%.
- Marketing services and paid services revenue accounted for 48% and 52% respectively of total revenue compared to 33% and 67% in 2006.

Net income was $4.7 million or 16 cents per diluted share, an increase of 19% over the $4 million or 14 cents per share in 2006.

- Adjusted EBITDA excluding stock-compensation expense was $5.8 million an increase of 33% over the $4.3 million in the prior year.
- The firm had a record 24 new advertisers, a 37% increase over the year with a total of 111 advertisers in the quarter a year-over-year increase of 31%.
- It also continued to grow the unique visitors to the network of sites with more than 6.4 million average monthly unique visitors, an increase of 41% over the prior year.
- The company delivered 266 million page use representing 9% growth over the same period last year and per 1,000 page use increased to $25.59.
- The Promotions business was impacted by the decision to temporarily turn many of its technical resources toward the internal projects underway which are critical to success in 2008.

Deferred revenue specifically related to TheStreet.com subscription products increased 5% to $11.9 million over the $11.4 million in deferred revenue from TSE subscription products at the end of the prior year.

- Subscription bookings totaled $7.9 million which was flat as compared to the bookings in 2006.
- Although the number of subscribers decreased by 7% to 86,000, average annual revenue per subscriber increased by 1% to $382.00 up from $379.00 per subscriber in the prior year.

Syndication, licensing and information services revenue which includes revenue from the Rate-Watch business totaled $1.9 million, an increase of 142% over the same period last year.

- The firm generated free cash flow of $2.6 million and as of December 31, 2007 cash, restricted cash and cash equivalents totaled $79.7 million.
- The company has no bank debt and paid its eighth consecutive quarterly dividend of 2.5 cents per share.

Operational Highlights:

- The firm started the year with a joint venture that shortly became an April acquisition Stockpickr.com and the community and social aspect missing from offerings now became a reality.
- In August, the firm acquired Promotions.com, which should be a springboard for the advertising business and will propel the activation, awareness and engagement of consumers towards advertising offerings.
- In addition it gives the firm stabilizing technology that will be the underpinnings of network of sites for years to come.
- In November, the firm acquired Bankers Financial Products Corp. that brought with it a business-to-business information services company Rate-Watch and a business-to-consumer division BankingMyWay.com that will be developed in 2008 to compete with Bankrate.com.

In late November, the firm also secured an equity investment from TCV that strongly positions the firm for more acquisitions in 2008.

- TCV will also become a valuable business partner who is versed in businesses with similar characteristics to the ones the firm operates.
- One of the most positive developments on the advertising side was the continuing expansion of the advertiser base as non-financial advertising revenue comprised 44% of total advertising revenue up from 27% in 2006.
- The company redesigned and relaunched the Stockpickr site in December to provide a streamlined user interface and to make the site more advertiser friendly.
- The new Stockpickr facilitates more seamless content integration with TheStreet.com and will support new applications such as the addition of user-generated video content.