Business
YANGAROO reports record second quarter
Q2 Revenues Jump 48%; EBITDA Improves 35% TORONTO, Aug. 26 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC...
About this update from Yangaroo Inc.
[{"type":"text","content":"\n\n\n\nQ2 Revenues Jump 48%; EBITDA Improves 35%\n\n\nTORONTO, Aug. 26 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the\nindustry's leading secure digital media distribution company, today announced\nrecord results for the second quarter ended June 30, 2009. Revenues for the\nsecond quarter of 2009 grew 48% over revenues for the second quarter of 2008.\nEBITDA (earnings before interest, taxes, depreciation and amortization) for\nthe second quarter of 2009 improved by 35% over the same period in 2008. The\nloss for the second quarter of 2009 was 29% lower than for the second quarter\nof 2008.\n\n\nRevenues for the six months ended June 30, 2009 grew 46% over revenues\nfor the first half of 2008. EBITDA for the first half of 2009 also improved by\n35% over the same period in 2008. The loss for the first half of 2009 was 27%\nlower compared to the first half of 2008.\n\n\nHighlights from the second quarter of 2009 include the launch of the next\ngeneration of YANGAROO's Digital Media Distribution System - DMDS 5.0.; the\ngrant of the company's third patent - United States patent No. 7,529,712\ntitled Content Distribution System and Method; followed by the filing of an\ninfringement claim in the U.S. requesting the court issue an injunction\nagainst a competitor, Destiny Media Technologies Inc. (OTC:DSNY); the signing\nof a commercial agreement with a Fortune 500 company to use DMDS 5.0 in the\nproduction of its television shows; and subsequently the naming of YANGAROO to\nthe Canadian Business "The Tech 100" 2009 list, an annual list ranking\nCanada's 100 leading technology companies.\n\n\n"With the new capabilities of our DMDS 5.0 platform, YANGAROO's markets\nhave expanded to include secure digital distribution for music, music videos,\ntelevision advertising, award shows, television production and beyond," said\nYANGAROO President & CEO John Heaven. "By leading through innovation we bring\nthe best and most advanced solutions available to our customers. We expect our\nfinancial results will continue their upward trend as we move forward."\n\n\nSummary of operating results for the periods ended June 30:\n\n-------------------------------------------------------------------------\n $CDN Six Months 2nd Quarter\n-------------------------------------------------------------------------\n 2009 200...