The DMDS Team Blog

11Jan/160

Our CEO Discusses Services Provided to the Golden Globes & Other Award Shows

YANGAROO Award Services Provided to Golden Globes & Other Award ShowsGary Moss, President and CEO of YANGAROO, discusses company's services provided to the Golden Globes and other award shows, and how the company's technology ensures winners remain a secret up until the awards are announced.

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