Pretty Neat28 Mar 2013 11:23
Mood Media Corporation, an integrated provider of in-store customer solutions and experiences, has reported reported revenues of $132 million in the fourth quarter of 2012, a 51% increase compared to the same period last year. This was driven by acquisitions, improvements in recurring revenues in the North America and International reporting segments, growth in equipment revenues and rising blended ARPU. For 2012 as a whole revenues reached $444m. EBITDA in the fourth quarter remained flat relative to the prior year's quarter at $28m reflecting acquisitions, improvements in recurring subscription and equipment revenues, offset by higher content expenses as well as lower equipment margins. The annual EBITDA increased 35% to $112m. The company has also announced it is implementing immediately a comprehensive operating and productivity program aimed at delivering improved business results. The programme is designed its efficiency, flexibility and innovation. "We are incredibly proud of the organisation we have built over the last two years," said Lorne Abony, Chairman and CEO of Mood Media. "We have all the capabilities to deliver truly outstanding customer experiences across a broad range of solutions for our leading clients. The strength of our company's solutions is clearly evident in the continuing positive momentum in our customer base in Q4." At 10:47am: (LON:MM.) share price was +1.5p at 89p Story provided by StockMarketWire.com