DALLAS, TX — (Marketwired) — 03/09/15 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced preliminary financial results for its fourth quarter and full year ended December 31, 2014.
Fourth quarter 2014 adjusted revenue is expected to be approximately $18.6 million and full year 2014 adjusted revenue is expected to be approximately $61.8 million. In addition, the company expects fourth quarter 2014 adjustedEBITDA to improve sequentially over the third quarter of 2014.
Both of the company’s business units are expected to show strong sequential fourth quarter adjusted revenue growth. In its Enterprise and Media businesses, fourth quarter adjusted revenue is expected to be $13.1 million and $5.5 million, respectively. These preliminary financial results are subject to completion of the company’s customary year-end closing and review procedures and audit by the company’s independent registered public accounting firm.
Robert Michelson, Chief Executive Officer, commented, “We executed well in the fourth quarter and our results are encouraging as we expect strong sequential growth in both adjusted revenue and adjusted EBITDA. In addition, we continued to successfully implement the strategic initiatives that we expect will further establish the platform for long-term success.”
“Since the third quarter, we have brought to market the first three products in our ‘Six New Products in Six Months’ initiative, strengthening our product portfolio with unique solutions,” continued Mr. Michelson. “In addition, our sales team has significantly bolstered the number of seven-figure deals in our pipeline. This steadfast focus on product innovation, global coordination and sales team productivity has begun to drive the momentum that we believe will deliver accelerated growth beginning later this year.”
These preliminary results are being provided ahead of the company’s scheduled presentation at the 27th Annual ROTH Conference so that management can discuss updated financial information with the investment community. The Company undertakes no obligation to issue preliminary results in the future.
Earnings Release and Conference Call
RMG Networks will release its full financial results for the fourth quarter and full-year 2014 before the market opens on Thursday, March 19, 2015. Management will host a conference call to discuss these results on Thursday, March 19, 2015 at 9 a.m. ET. To access the call, please dial (866) 318-8618 (toll free) or (617) 399-5137 and passcode #79036498. The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed via the Investor Relations section of RMG Networks’ web site at http://ir.rmgnetworks.com/phoenix.zhtml?c=251935&p=irol-calendar. All participants should call or access the website approximately 10 minutes before the conference begins. The webcast and slide presentation will be available for replay for 90 days.
A telephonic replay of this conference call will also be available by dialing (888) 286-8010 (toll free) or (617) 801-6888 (passcode: 80123699) from 1 p.m. ET on Thursday, March 19, 2015 until midnight ET on March 26, 2015.