Angie's List Inc. on Tuesday reported its first profitable year in the company's 21-year history.
The Indianapolis-based home-services reviews and marketplace firm, which went public in 2011, announced a 2015 profit of $10.2 million, or 18 cents per share, up from a loss of $12 million, or 21 cents per share, in 2014.
CEO Scott Durchslag, who joined Angie's List about six months ago, said the $22 million positive swing reflects progress the company is making on many fronts.
"We are executing smarter, faster and with more discipline based on data-driven decisions than ever before," he said.
The results, however, fell shy of analysts' expectations. The company in the fourth quarter earned $14.15 million, or 24 cents a share—2 cents below the forecast of analysts surveyed by Thomson Reuters. Revenue in the quarter was $86.26 million, missing analysts' forecast of $87.68 million.
Revenue in the latest quarter was up 5 percent from the same period a year earlier, but profit drooped 7.3 percent.
In pre-market trading Tuesday, the company's shares rose 14 cents, or 1.5 percent, to $9.34.
This story will be updated.