The DMDS Team Blog

27Nov/130

YANGAROO Reports Third Quarter Results


Wednesday, November 27, 2013 - 09:00

TORONTO, CANADA – YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media management company, announced today its results for the third quarter ending September 30th, 2013.

The third quarter growth was 11% higher than the same period in 2012, with revenues of $836,155. Revenues for the first 9 months of the year were $2.4 million, up 26% over same period in 2012.

Quarter over quarter revenue growth was flat, which can be attributed to seasonality of the business, as July and August are historically amongst the slowest months of the year. Normalized adjusted EBITDA for the quarter of $(62,250) was also largely unchanged from the previous quarter.

Growth continues in both the Advertising and Entertainment sectors of the business. The year on year growth, coupled with sequential quarterly growth, is expected to continue for the remainder of 2013 and into 2014.

Highlights:

  • Q3 revenue growth: 11% year over year
  • Nine month revenue growth up 26%
  • Normalized cash burn flat quarter over quarter
  • Adjusted EBITDA improved 15% year over year
  • Advertising revenue up 18% over previous year
  • Entertainment revenue up 8% over previous year
  • Loss from operations down 20% over previous year
  • U.S. revenue from all sources up 23% over previous year
  • Gain on extinguishment of debt in the quarter of $1.67M
30Oct/130

Yangaroo Partners with Goran Andersson to Provide its Industy Leading Audio & Music Video Delivery Service in Brazil

Yangaroo Partners with Goran Andersson to Provide its Industy Leading Audio and Music Video Delivery Service in Brazil

Wednesday, October 30, 2013 - 09:00

Exclusive Multi-year Deal For Digital Delivery of
Broadcast Audio and Music Video

Toronto, Canada – October 30, 2013 YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media management company, has entered into an exclusive multi-year agreement with Göran Andersson, a leading music industry entrepreneur, with Brazilian-based offices in Sao Paulo and Rio. Andersson’s company, Universi Brazil, works with leading major and independent record labels, and has strong ties with the major radio and television broadcasters in the country.

Brazil is a country of over 200 million people and has a thriving economy with one of the fastest growing middle classes on the planet. The Brazilian recording industry is highly sophisticated and has a well-developed domestic industry, in addition to music it receives from around the world.

The parties have entered into an exclusive three year renewable agreement whereby YANGAROO will provide its patented industry leading Digital Media Distribution System (DMDS) and Göran Andersson will provide his market expertise, proven marketing and customer support team, and well-established customer base.