EDGAR Online Inc. (EDGR) filed Quarterly Report for the period ended 2009-06-30.

EDGAR-Online is the leading commercial provider of free and premium access to U.S. Securities & Exchange Commission (SEC) filings and related businessintelligence on the Internet. EDGAR Online also provides an easy access to many other Web-based information resources that allow both professional and individual investors to expand upon the information found in the SEC's EDGAR (Electronic Data Gathering Analysis and Retrieval) filings. EDGAR Online Inc. has a market cap of $53.3 million; its shares were traded at around $1.99 with and P/S ratio of 2.7.

Highlight of Business Operations:

Total revenues for the three months ended June 30, 2009 decreased 7% to $4,567, from $4,921 for the three months ended June 30, 2008. The net decrease in revenues was primarily attributable to a $617, or 26%, decrease in subscriptions revenues and a $186, or 8%, decrease in data and solutions revenues which were partially offset by a $449, or 141%, increase in XBRL filings revenues. Total revenues for the six months ended June 30, 2009 decreased 11% to $8,802, from $9,912 for the six months ended June 30, 2008. The net decrease in revenues was primarily attributable to a $1,026, or 22%, decrease in subscriptions revenues and a $692, or 14%, decrease in data and solutions revenues which were partially offset by a $608, or 151%, increase in XBRL filings revenues.

Total cost of revenues for the three months ended June 30, 2009 increased $400, or 51%, to $1,181 from $781 for the three months ended June 30, 2008. The net increase in cost of revenues was primarily due to a $273 increase in payroll related expenses and the addition of $190 of XBRL related production costs which were partially offset by a decrease of $39 in barter expense. Total cost of revenues for the six months ended June 30, 2009 increased $753, or 48%, to $2,332 from $1,579 for the three months ended June 30, 2008. The net increase in cost of revenues was primarily due to a $482 increase in payroll related expenses and the addition of $361 of XBRL related production costs which were partially offset by a decrease of $78 in barter expense.

Sales and Marketing. Sales and marketing expenses consist primarily of salaries and benefits, sales commissions, advertising expenses, public relations, and costs of marketing materials. Sales and marketing expenses for the three months ended June 30, 2009 decreased $365 or 31%, to $820 from $1,185 for the three months ended June 30, 2008. The net decrease was primarily due to a $237 decrease in payroll related expenses and a $90 decrease in advertising and marketing expenses. Sales and marketing expenses for the six months ended June 30, 2009 decreased $651 or 27%, to $1,749 from $2,400 for the six months ended June 30, 2008. The net decrease was primarily due to a $511 decrease in payroll related expenses and a $129 decrease in advertising and marketing expenses.

Development. Development expenses, which consist primarily of salaries and benefits and outside development costs, for the three months ended June 30, 2009 decreased $628, or 58%, to $455 from $1,083 for the three months ended June 30, 2008. The decrease was primarily due to a $261 decrease in professional fees as well as the capitalization of $343 of payroll costs related to development of our XBRL processes. Development expenses for the six months ended June 30, 2009 decreased $1,091, or 52%, to $1,013 from $2,104 for the six months ended June 30, 2008. The decrease was primarily due to a $369 decrease in professional fees as well as the capitalization of $768 of development costs.

General and Administrative. General and administrative expenses consist primarily of salaries and benefits, insurance, fees for professional services, general corporate expenses and facility expenses. General and administrative expenses for the three months ended June 30, 2009 decreased $90, or 5%, to $1,870 from $1,960 for the three months ended June 30, 2008. The net decrease was primarily due to a $208 decrease in payroll related expenses which was partially offset by a $78 increase in professional fees and a $27 increase in rent. General and administrative expenses for the six months ended June 30, 2009 decreased $108, or 3%, to $3,957 from $4,065 for the six months ended June 30, 2008. The net decrease was primarily due to a $390 decrease in payroll related expenses which was partially offset by a $166 increase in stock compensation expense, a $86 increase in rent and a $71 increase in professional fees.

Depreciation and Amortization. Depreciation and amortization expenses include the depreciation of property and equipment and the amortization of definite lived intangible assets. Depreciation and amortization for the three months ended June 30, 2009 increased $70, or 15%, to $533 from $463 for the three months ended June 30, 2008. Depreciation and amortization for the six months ended June 30, 2009 increased $100, or 11%, to $1,030 from $930 for the six months ended June 30, 2008. The increases are a result of increased capital expenditures and the addition of amortization expense related to capitalized XBRL development costs.