News

RMG Networks CFO William Cole To Retire

DALLAS, TX -- (Marketwired) -- 09/17/14 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced that William G. Cole, 67, has notified the board of directors that for personal health reasons he intends to retire as Executive Vice President, Chief Financial Officer and Principal Accounting Officer effective November 28, 2014. In preparation for Mr. Cole's planned departure, RMG Networks has begun the search for a permanent chief financial officer.

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RMG Networks Reports Second Quarter 2014 Results

Media and Enterprise Units Grew Adjusted Revenue(1,2) Sequentially With Strong Adjusted Gross Margin(1,2) Improvement; Sequential Media Unit Revenue Increase of 91%; Adjusted EBITDA Loss Narrowed Sequentially

DALLAS, TX -- (Marketwired) -- 08/07/14 -- RMG Networks Holding Corporation (NASDAQRMGN)


Second Quarter Highlights

  • Robert Michelson joins RMG Networks as interim President and interim Chief Executive Officer, subsequent to quarter-end
  • Consolidated revenue of $16.4 million, on an adjusted basis1,2, increased 29.9% from the first quarter 2014; consolidated adjusted revenue was comprised of $11.5 million in adjusted Enterprise revenue1,2 and $4.9 million in Media revenue
  • Adjusted EBITDA loss of $2.8 million3 represented a $2.6 million improvement from the first quarter 2014
  • Won the largest Enterprise software sale in company history, with over 27,000 software licenses to a Tier 1 telecom provider
  • Completed reallocation of corporate resources that streamlined the business and is expected to reduce ongoing operating expense levels
  • Subsequent to quarter-end, amended the Senior Credit facility, adding $3.4 million in net cash proceeds to the balance sheet and eliminated financial covenants until at least mid-year 2015

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RMG Appoints Robert Michelson Interim CEO and Promotes Loren Buck to COO

Enhancing Senior Leadership Team

DALLAS, TX -- (Marketwired) -- 07/24/14 -- RMG Networks Holding Corporation (NASDAQ: RMGN), RMG Networks or the Company, today announced that its board of directors has appointed Robert Michelson, 58, as interim president and interim chief executive officer, effective immediately. This appointment follows the resignation of Garry K. McGuire Jr. as the company's president and chief executive officer and his resignation from RMG Networks' board of directors to focus on other professional opportunities. The board of directors expresses its appreciation to Mr. McGuire for his services to the Company and wishes him success in his future endeavors.

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RMG Networks Amends Its Senior Credit Facility

Increases Senior Credit Facility to $12 Million; Adds Approximately $3.4 Million in Net Cash Proceeds; Resets Financial Covenants to Provide Increased Operating Flexibiliy

DALLAS, TX -- (Marketwired) -- 07/16/14 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced it has successfully completed a Third Amendment to its senior credit facility.

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Microsoft Ad Sales GM Scott Pawloski Bets on Video with Move to RMG Networks

DALLASJuly 9, 2014 /PRNewswire/ -- RMG NETWORKS (NASDAQ: RMGN), a leading provider of digital place-based media and digital signage solutions, has named Scott Pawloski as its Chief Revenue Officer – Media Networks reporting to RMG Networks CEO Garry McGuire. Pawloski was formerly Microsoft Corporation's ("Microsoft") Advertising General Manager for the Central U.S. Region.

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New Nielsen Study Reveals Impact of RMG Office Network's Audience

RMG Estimates office network delivers 100 million impressions annually

DALLAS, TX -- (Marketwired) -- 06/11/14 -- RMG NETWORKS (NASDAQ: RMGN), a leading provider of Digital place-based media and digital signage solutions technology, today released data developed with Nielsen that defines the RMG Office Network as a powerful choice for media planners and cross-platform video buyers for engaging well-educated, high-earning working professionals with video advertising.

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RMG Networks Reports First Quarter 2014 Results

Enterprise Revenue Increased 7% YoY on an Adjusted Basis(1,2) With Sequential Margin Expansion, Media Revenue(1) Decreased as Expected With Broader Q1 Out-Of-Home Advertising Market Softness, Top-Line Momentum Building Into Q2 as Growth Investments Demonstrate Further Traction, Continue to Expect Accelerated Revenue and Adjusted EBITDA Generation in Second Half 2014

DALLAS, TX--(Marketwired - May 8, 2014) - RMG Networks Holding Corporation (NASDAQRMGN)

Quarter Highlights

  • First quarter consolidated revenue of $12.6 million, on an adjusted basis1,2, comprised of $10.1 million in adjusted Enterprise revenue1,2 and $2.5 million in Media revenue
  • Launched enhanced Visual Supply Chain solution expanding suite of visual communications solutions
  • Completed installation of the RMG Office Network and generated initial network revenues
  • Generated initial EMEA advertising bookings and added two EMEA airline partnerships with Etihad Airways and OnAir
  • South East Asia and China regions generated initial Enterprise revenues; Middle East continued strong growth
  • Cross-selling initiatives continued to gain traction with two global customers signing contracts spanning multiple geographies

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