InnerWorkings Announces Third Quarter 2011 Results
Record quarterly revenue reflects 32.5 percent year-over-year growth; Company raises 2011 guidance.
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• Record Adjusted EBITDA of $9.5 million, an increase of 52 percent compared to $6.3 million in the year-earlier period.
• Year-over-year enterprise revenue growth of 29 percent and transactional revenue growth of 41 percent.
• Record cash flow generated from operations was $12.1 million compared to $2.1 million in the third quarter of 2010.
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