Business
Mood Media Reports Q2 2013 Operating and Financial Results
Mood Media Corporation revenues rise by 17% year-over-year to $126.3 million Secon...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\nMood Media Corporation revenues rise by 17% year-over-year to $126.3\n million\n\n\nSecond quarter EBITDA reaches $27.7 million\n\n\nSecond quarter operating free cash flow rises to $22 million\n\n\nManagement re-affirms 2013 guidance\n\n\n\nTORONTO, Aug. 8, 2013 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX:MM / LSE AIM:MM), one of the world's largest\n integrated providers of in-store customer solutions,  today reported\n results for the second quarter ended June 30, 2013.\n\n\nThe Company reported revenues of $126.3 million (a 17% increase versus\n the prior year's quarter) and EBITDA of $27.7 million (an 8% decrease\n versus the prior year's quarter). The EBITDA performance was affected\n by the presence of $0.9 million in unusually high healthcare expenses\n in the current quarter and by acquisitions.\n\n\nNet loss per share from continuing operations was ($0.05) compared with\n a net loss of ($0.04) in the prior-year period. Increased losses in the\n current period were driven by the EBITDA performance in the quarter, a\n moderate increase in depreciation and amortization expense, higher\n financial expense and an increase in income tax expense, which was\n offset by a favorable foreign exchange gain.\n\n\n\"We are generally satisfied with our performance in the quarter and\n believe we are on the right track to deliver on our strategy,\" said\n Lorne Abony, Chairman and CEO of Mood Media. \"Our EBITDA performance in\n the quarter was affected by some one-time gains in the prior year and\n by some unusually high expenses in the current quarter, which affected\n the reported trend in EBITDA. However, we are pleased with the pace of\n our integration efforts and expect it will produce long term benefits\n for the Company. \"\n\n\n\"We are continuing to push forward with our three-pronged strategy to\n drive our business powerfully into the future. Our plan consists of a\n relentless focus on product innovation and leadership, leveraging our\n global scale to lower our costs, and realigning our business processes\n and culture in order to speed up our innovation and execution. We are\n incredibly excited about our game plan and in the opportunities that\n lay ahead.\"\n\n\nPro Forma Key Performance Indicators\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nQ2.12\n\n\n&...