At its annual meeting in late April, Corbis released details of the privately held company's financial performance for 2005 and its goals for the remainder of 2006. The company reported a revenue increase of 34 percent over the previous year, for a total of $228 million. That figure, however, includes the acquisition of the European stock agency Zefa, which augmented revenues by approximately 30 percent.

In part due to the Zefa purchase, Corbis management announced that the company had failed to achieve the profitability projected at the 2005annual meeting. In order to attain its goals for this year, the company intends to expand...