Another Great Small-Cap

Do you remember the company Omniture Inc.? I wrote about this company back in August and the stock has done exceptionally well over the last few months.

Omniture Inc. (NADSAQ/OMTR) is in the business of providing on-demand software that helps customers collect, analyze, and report on all kinds of business information.

The company’s software, which it hosts and delivers to its customers on-demand in real-time, enables customers to gather all kinds of information generated by their web sites and other sources. Make no mistake, when you visit a company’s web site, there is software working in the background that’s collecting all your available information. A company wants to know as much as it can about any potential customer or anyone visiting its web site.

Based in Orem, Utah, the company was previously know as Inc., and then changed its name to Inc. in 1999. Finally, the company changed its name to Omniture Inc. in 2002. I guess you could say that the company had a bit of an identity crisis while getting started.

Recently, however, the company generated record revenues in its third quarter ended September 30, 2006. Total revenues came to $21 million, representing impressive growth of 84% over the third quarter of 2005, and 12% growth over the second quarter of 2006.

Net loss in the third quarter was $1.3 million or ($0.03) per diluted share, as compared to a net loss of $3.8 million, or ($0.28) per diluted share, in the third quarter of 2005.

The company reported that during the third quarter, it added over 200 new customers, bringing its total customer base to over 1,500. Some of the company’s new customers included: Bertelsmann, Fannie Mae, Fox Broadcasting Co., Hawaiian Airlines, MasterCraft, Mrs. Fields Gifts, Inc., Neiman Marcus Direct, Qantas Airways, Teletext, and USA Today.

When the company is right and the timing is right, you really can hit it big on the stock market. Back in August, this stock was trading for just over $6 a share. Now it’s trading over $9 per share and looking great. Omniture is another example of the countless number of great small-cap companies out there that make for great investment opportunities.