FOR IMMEDIATE RELEASE
COO and CFO
EDGAR Online, Inc.
EDGAR® Online® First Quarter Subscriptions Increase 18%
Company Receives Initial Contracts for I-Metrix™
SOUTH NORWALK, Conn. -- May 3, 2005 -- EDGAR® Online®, Inc. (NASDAQ: EDGR), a leading
provider of value-added business and financial information on global companies to financial, corporate
and advisory professionals, today reported that subscriptions increased 18% and total revenues grew
11% for the first quarter of 2005 compared to the first quarter of 2004. Since inception, the Company’s
subscription revenues, which consist of billings for EDGAR Online Pro and EDGAR Online Access,
have grown incrementally each quarter.
Total revenue increased to $3.5 million for the quarter ended March 31, 2005, compared to $3.1
million for the same period last year. Revenue growth was driven by increases in subscriptions and
data sales. Deferred revenue increased 33% to $3.1 million in the first quarter of 2005, compared to
$2.3 million in the first quarter of 2004. Deferred revenues, which are included in current liabilities,
represent amounts already billed to customers that will be recognized as revenue in future quarters.
EDGAR® Online®, Inc.
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Susan Strausberg, EDGAR Online’s president and CEO, said, “Since the release of the
I-Metrix suite of XBRL (eXtensible Business Reporting Language) products less than two weeks ago,
we have already signed four contracts with a total annual value of $70,000. We believe these initial
sales bode well for the future success of I-Metrix Professional, I-Metrix Architect and EDGAR Online
Pro. EDGAR Online Pro, which gives users SEC filing information, full search capabilities, corporate
profiles, charting, insider and institutional ownership, IPO data, global reports, and a host of other
features, was included in all of the I-Metrix contracts. The combination of I-Metrix and EDGAR
Online Pro gives our cust