EDGAR® Online Advances Financial Transparency With First 'As Reported' XBRL Dataset for SEC Filings

NEW YORK, Sept. 20 /PRNewswire/ -- EDGAR® Online, Inc. (Nasdaq: EDGR), a leading global provider of XBRL filing services, data and analysis tools, today formally announced the release of its I-Metrix "As Reported" XBRL Dataset, which includes all the detailed information contained in every Form 10-K and 10-Q document furnished to the U.S. Securities and Exchange Commission (SEC) in XBRL format.  The SEC itself is one of the first customers for this detailed corporate fundamentals dataset, which it will use for its own public company filings analysis.

The I-Metrix "As Reported" XBRL Dataset makes new data available within seconds as documents are filed with the SEC, and provides an unparalleled level of detail about companies and their financial performance.  The dataset and associated analytical tools are specifically designed to hide the complexity of XBRL, making it easy for users to access all information—including period and segment data, and footnote data—without having to search though filed documents.  Subscribers of EDGAR Online's I-Metrix platform via the I-Metrix Architect API and the I-Metrix Professional Excel Add-in, will have immediate access to the dataset.

The detailed information in the dataset can be combined with industry and sector benchmarking data, historical data, analyst estimates and stock performance data already available with the EDGAR Online's I-Metrix Professional Excel Add-in, so that users can easily build powerful financial models that leverage the instant availability of the information.

"The I-Metrix "As Reported" XBRL Dataset is a powerful and easy-to-use resource for anyone interested in exploring the detailed information filed in XBRL with the SEC—from corporate reporting teams to investors and analysts—without requiring an in-depth knowledge of XBRL " said David Goldstein, Senior Managing Director of Global Product & Market Development of EDGAR Online. "As the leading producer of XBRL filings for the SEC, we've set the bar for the quality in the production of XBRL filings. With this dataset, we are now unlocking the true promise of XBRL for the consumption and analysis of data, providing analysts and investors with the same high-quality data used by the SEC."

The I-Metrix "As Reported" XBRL Dataset includes more than 1,700 U.S. public companies and includes detailed information from the footnotes of the largest 500. Detailed footnotes tagged in XBRL will provide a powerful new level of financial transparency through timely and easy access to a wealth of information such as revenue segment data, capital structure data, employee stock option info, debt maturity and rate, detailed tax rates, and many other items.

About EDGAR® Online, Inc.

EDGAR Online, Inc. (www.edgar-online.com) (NASDAQ: EDGR) is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. The company delivers its information products via online subscriptions and data licenses directly to end-users, embedded in other web sites and through a variety of redistributors.  EDGAR Online has also developed proprietary automated systems that allow for the rapid conversion of data and is a pioneer and leader in XBRL.  The company uses its automated processing platform and its expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports.

Use of Forward-Looking Statements

This press release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in EDGAR Online's filings with the SEC EDGAR Online disclaims any obligation to update or revise any forward-looking statements.

EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

SOURCE EDGAR(R) Online, Inc.