Business
YANGAROO Announces Second Quarter Results
(via Thenewswire.ca) Double digit revenue growth continues and EBITDA improves 82% Quarter...
About this update from Yangaroo Inc.
[{"type":"text","content":"YANGAROO Announces Second Quarter Results(via Thenewswire.ca)\n\n \nDouble digit revenue growth continues and EBITDA improves 82% Quarter over Quarter \n\n\n \nTORONTO, 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 $1.6 million, up 36% over same period in 2012.\n\n\n \nHighlights:\n\n\n \n-Revenue growth 33% yr over yr and 10% qtr over qtr\n\n\n \n-Adjusted EBITDA improved 72% yr over yr and 82% qtr over qtr\n\n\n \n-Advertising revenue up 50% yr over yr and 27% qtr over qtr\n\n\n \n-US revenue from all sources up 58% year over year and 14% qtr over qtr\n\n\n \n-Net loss down 58% over same period in 2012 and 45% over previous quarter\n\n\n \n-Award Show revenues increased 142% yr over yr and 11% qtr over qtr\n\n \n \n\"We are very pleased to announce continued sales growth in the second quarter, from all areas of the business. I am very encouraged by the scalability of the company, as evidenced by the lowest quarterly EBITDA loss in our history,\" said Gary Moss, President and CEO of YANGAROO Inc. \"We believe that the changes in the advertising competitive landscape bode well for our growth plans, as we become the viable option for an industry wary of supplier consolidation.\"\n\n \n \nSummary of operating results for the periods ended June 30th:\n\n\n \n\n -------------------------------------------------------------------\n |$CDN |Six Months |Second Quarter |\n |-----------------------------------------------------------------|\n |  |2013 |2012 |2013 |2012 |\n |-----------------------------------------------------------------|\n |Revenue |1,598,854|1,176,174 |835,751 |629,352 |\n |-----------------------------------------------------------------|\n |Adjusted EBITDA (loss) |(380,300)|(523,253) |(59,072) |(213,706)|\n |-----------------------------------------------------------------|\n |Net loss for the period|(843,072)|(1,380,500)|(298,300)|(709,891)|\n |-----------------------------------------------------------------|\n |Loss per share (...