% | $
Quotes you view appear here for quick access.

MeetMe, Inc. Message Board

  • investora2z investora2z Aug 25, 2013 6:56 AM Flag


    Though the revenues came in better than the company estimate of $9 million, the stock has corrected after the second quarter earnings. Company reported $9.5 million in revenues which was a 22% rise from $7.81 million in Q1'13. In Q2'12, the revenue was $13.05 million. The mobile revenues continued to surge and reached an all-time high at $2.6 million. This was a 98% increase on a yoy basis, and a 37% rise sequentially. The net loss in Q2'13 was $2.1 million or 11 cents per share compared to $3.8 million or 5 cents per share in the same quarter a year ago. Cash position improved to $8.3 million. The company managed to post a $380K adjusted EBITDA profit. Even the operating loss came down sequentially from $7.12 million to $1.96 million. The company was able to obtain significant traction from its new mobile advertising products, especially since launching additional native mobile ads on iPhone in July. The launch led to a four fold increase in native ad impressions. The launch of the product on Android Native will also help the company in reaching out to more users with its highest-monetizing and best-performing advertising units. Native ads and social media sponsorship is a fast growing market, and IZEA (IZEA) a company in this space, posted record revenues recently. For Meetme, the other metrics like monthly active users (MAUs) and mobile MAUs also increased significantly, and the mobile average revenue per daily active user also increased 48 percent to $0.037 on a yoy basis. Meetme has shown improvement in various metrics, and also in the financial performance. However, it is still far from achieving profitability on a net basis. Thankfully, the debt is not too high, and the cash position remains comfortable. The company needs to show more improvement in the bottom-line for the outlook to improve.

5.54+0.09(+1.65%)Oct 24 4:00 PMEDT