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Earnings, Revenue Miss at AutoWeb; CEO, CFO Exit

Jeffrey Coats will leave his post as president and chief executive of Irvine-based AutoWeb Inc., formerly Autobytel, as the company missed analyst expectations on earnings and revenue in its most recent quarter.

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AutoWeb Revenue, Earnings Down

AutoWeb Inc. in Irvine had net income of $100,000 on revenue of about $37 million in its most recent quarter, down from adjusted net income of $2.6 million on adjusted revenue of about $42 million in the same period last year.

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Autobytel Rebrands

Autobytel Inc. in Irvine changed its name to AutoWeb Inc. and its Nasdaq stock ticker symbol to “AUTO.”

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