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Gomez Inc. has turned a profit for the first time, according to documents filed with the U.S. Securities and Exchange Commission. The Lexington-based maker of analytics software for web-based applications has had an IPO filing dangling since May 2008.
In the first half of 2009, the company increased its revenues by $5.4 million over the same period in 2008, a jump of 25.6 percent, without much increase in costs and operating expenses. The move resulted in net income of $1.9 million for the first six months of 2009. Gomez lost $868,000 in the same time period of 2008.
Gomez officials declined to comment on the SEC filing, which was an amendment to the form the company initially filed last spring, setting up its plans for an $80.5 million IPO.
In December, CEO Jaime Ellertson said the long IPO delay is healthy for the company, as it gives it a runway to learn how to behave like a public company.
Founded in 1997, Gomez has taken in $66 million in venture financing from investors including ABS Ventures, AdAstra, Dolphin Equity Partners and Doughty Hanson & Co.
The company sells software designed to handle cross-browser testing, web load and performance testing, web performance management and business analytics related to web performance.
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