Slide 1: Quarterly Earnings Summary Q4 2013
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Slide 2: Forward looking statements
Forward looking statements This Q4-2013 Quarterly Earnings Summary contains forward looking statements which are made pursuant to the Safe Harbor provisions of section 21-E of the Securities Exchange Act of 1934. Investors are cautioned that statements which are not strictly historical statements, i
Slide 3: Key Takeaways
Key Takeaways Growth Financials Mobile • Four consecutive quarters of revenue and • Ended FY-13 with $5.1M in total cash • Q4 mobile traffic up 24 percent Adjusted EBITDA growth from prior year period • Reached FY-13 revenue of $94.4M • Q4 revenue of $27M up 30 percent and Adjusted EBITDA of $4.5M •
Slide 4: Financials and Key Metrics at a Glance
Financials and Key Metrics at a Glance $ in Millions Q4-13 Q3-13 Q4-12 FY-13 GAAP Revenue $ 26.8 $ 23.5 $ 20.6 $ 94.4 Adjusted EBITDA $ 1.4 $ 1.3 $ (0.7) $ 4.5 Net Loss $ (1.7) $ (1.7) $ (7.9) $ (10.4) Diluted Adjusted EBITDA per share $ 0.06 $ 0.06 $ (0.03) $ 0.20 Diluted GAAP net loss per share $
Slide 5: MUV - RKV
MUV - RKV 80.00 60.00 40.00 20.00 0.00 4-11 Q1-12 Quarterly Earnings Summary: Q4 2013 Q2-12 3-12 GB vw 4-12 Q1-13 —@— RK 2-13 3-13 413 $350.00 $150.00 $100.00
Slide 6: Network Revenue Trends
Network Revenue Trends $ in Millions Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Network Revenue $5.1 $4.1 $5.0 $5.0 $7.6 $8.3 $11.6 $14.5 $16.1
Slide 7: Consolidated Quarterly Revenues
Consolidated Quarterly Revenues Quarterly Revenues by Business Unit % of Total Revenue by Business Unit $ in Millions Q4-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Network $ 5.1 $ 4.2 $ 4.1 $ 5.0 $ 7.6 $ 8.3 $ 11.6 $ 14.5 $ 16.1 O&O $ 19.8 $ 20.1 $ 22.6 $ 19.4 $ 12.9 $ 13.2 $ 11.1 $ 8.9 $ 10
Slide 8: Mobile Traffic
Mobile Traffic Q4 mobile traffic up 24% from prior year period Mobile traffic represents 39% of total overall traffic
Slide 9: Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss)
Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss) Description FY-09 FY-10 FY-11 FY-12 FY-13 FY-14* Adjusted EBITDA $3,041 $13,775 $3,247 $777 $4,533 $3,500 Less interest and other income (expense), net (27) (275) (413) (425) (2,321) (1,700) Less provision for income taxes (158) (102) (178)
Slide 10: Key Balance Sheet Metrics
Key Balance Sheet Metrics $ in Millions Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Assets Cash & marketable debt securities $ 3.7 $ 3.1 $ 4.8 $ 4.8 $ 5.1 Accounts receivable, net 10.6 10.7 13.4 14.9 17.3 Total Assets 49.9 49.1 50.4 51.4 51.6 Liabilities and Equity Total Debt 10.0 9.0 11.7 11.7 12.7 Total Liabili
Slide 11: Business Outlook
Business Outlook $ in Millions FY-2014 Total Revenue $103M – 107M Adjusted EBITDA $3.0M – 4.0M Per Diluted Share $0.13 – $0.17 Diluted Weighted Avg. Shares 23,500 Projected as of February 13, 2013 Note: Since we cannot predict the valuation of the warrant liability and the conversion option liabilit
Slide 12: Use of Non-GAAP Measures
Use of Non-GAAP Measures This document includes the non-GAAP financial measure of “Adjusted EBITDA” which we define as net income (loss) excluding: provision for income taxes; interest and other income (expense), net; depreciation; amortization; stock based compensation charges; gain or loss on deri