News

RMG Networks Amends Its Senior Credit Facility

Increases Senior Credit Facility to $14 Million; Adds Approximately $2 Million in Net Cash Proceeds

DALLAS, TX -- (Marketwired) -- 11/14/14 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced it has successfully increased the size of its Senior Credit Facility from $12 million to $14 million adding approximately $2 million in net cash proceeds to the Company's balance sheet. All other terms of the Senior Credit Facility remained the same.

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RMG Networks Reports Third Quarter 2014 Results

Enterprise and Media Units Report Year-Over-Year Adjusted Gross Margin Improvement; Adjusted EBITDA Loss Narrowed Sequentially

DALLAS, TX -- (Marketwired) -- 11/06/14 -- RMG Networks Holding Corporation (NASDAQRMGN)


Third Quarter Highlights

  • Adjusted gross margin1 increased to 44.9% compared to 43.5% in the third quarter of 2013
  • Cost rationalization underway to establish platform for launching long-term growth and profitability initiatives including new product development and sales organization revitalization
  • Total cash operating expenses2 reduced by 16.6% sequentially
  • Adjusted EBITDA loss of $2.2 million3 represented an $0.6 million improvement from the second quarter 2014

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RMG Networks To Announce Third Quarter 2014 Results and Hold Conference Call on November 6, 2014


DALLAS, TX -- (Marketwired) -- 10/24/14 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven video advertising and visual communications solutions, announced today that it will report its third quarter 2014 financial results before the market opens on Thursday, November 6, 2014.

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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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