The DMDS Team Blog

29Aug/130

YANGAROO Announces Second Quarter Results

Double digit revenue growth continues and EBITDA improves 82% Quarter over Quarter

Wednesday, August 28, 2013

TORONTO, CANADA – YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media management company, today announced its results for the Second Quarter ending June 30th, 2013. Revenue for the second quarter was $835,751, 33% higher than the revenue for the same period in 2012 and 10% higher than the previous quarter with growth strong in both Advertising and Entertainment. Revenue for the first 6 months of the year was $1.6 million, up 36% over same period in 2012.

Highlights:

  • Revenue growth 33% yr over yr and 10% qtr over qtr
  • Adjusted EBITDA improved 72% yr over yr and 82% qtr over qtr
  • Advertising revenue up 50% yr over yr and 27% qtr over qtr
  • US revenue from all sources up 58% year over year and 14% qtr over qtr
  • Net loss down 58% over same period in 2012 and 45% over previous quarter
  • Award Show revenues increased 142% yr over yr and 11% qtr over qtr

“We are very pleased to announce continued sales growth in the second quarter, from all areas of the business. I am very encouraged by the scalability of the company, as evidenced by the lowest quarterly EBITDA loss in our history,” said Gary Moss, President and CEO of YANGAROO Inc. “We believe that the changes in the advertising competitive landscape bode well for our growth plans, as we become the viable option for an industry wary of supplier consolidation.”

Summary of operating results for the periods ended June 30th:

$CDN Six Months Second Quarter
2013 2012 2013 2012
Revenue 1,598,854 1,176,174 835,751 629,352
Adjusted EBITDA (loss) (380,300) (523,253) (59,072) (213,706)
Net loss for the period (843,072) (1,380,500) (298,300) (709,891)
Loss per share (basic & diluted) (0.005) (0.010) (0.002) (0.005)

The full text of the financial statements and Management Discussion & Analysis is available at www.yangaroo.com and at www.sedar.com.

About YANGAROO:

YANGAROO is a company dedicated to digital media management. YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America’s major awards shows.

YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.

Contact:

YANGAROO
Matthew Caldecutt
DKC Public Relations, Marketing, & Government Affairs
212/981-5264
matthew_caldecutt@dkcnews.com

The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Be Sociable, Share!
Comments (0) Trackbacks (0)

No comments yet.


Leave a comment

No trackbacks yet.