Accelerize New Media, Inc. Reports Second Quarter 2013 Financial Results
Second Quarter Revenues Increased 75% Year Over Year to a Record $2,259,395, as Management Accelerates Investment in R&D and Sales Force
(firmenpresse) - NEWPORT BEACH, CA -- (Marketwired) -- 08/13/13 -- Accelerize New Media, Inc. (OTCBB: ACLZ), owner and operator of CAKE, a highly-scalable enterprise Software-as-a-Service (SaaS) platform providing business intelligence to performance-based marketers -- from acquisition to conversion, today announced financial results for its fiscal second quarter ended June 30, 2013.
"New client additions and increased usage by existing clients led to another record quarter of revenue growth," said Brian Ross, Accelerize New Media, Inc. Chairman and CEO. "Our strong reputation and commitment to R&D excellence has enabled us to attract and hire top industry talent, while we continue to evaluate strategic alternatives to maximize shareholder value. We are confident that these R&D investments and sales force additions will result in ongoing market share gains, as the advertising industry embraces online performance-based marketing."
: Total revenues for the quarter increased 75% from $1,294,720 to $2,259,395 year over year, driven by a 65% increase in the average number of clients and a 6% increase in the average monthly fee per client. We expect future revenues to be driven by organic growth, international expansion, and increased sales efforts.
: Despite a 33% quarterly increase in research and development and a 114% quarterly increase in SG&A expenses due to new sales hires to support our anticipated growth, we realized a positive income from continuing operations for the period of $20,177, compared to $21,752 a year ago. We anticipate income from continuing operations to improve as these R&D and SG&A investments begin to pay off later this year.
: Cash and cash equivalents for the quarter increased from $45,040 to $906,640 year over year, and our working capital, which is $1,357,275 as of June 30, 2013, provides us with greater flexibility to invest in research and development and expand our sales force both domestically and internationally. We strive to maintain a balanced capital structure to support consistent long-term growth.
Accelerize New Media, Inc. owns and operates CAKE, an enterprise SaaS (Software-as-a-Service) platform providing business intelligence to performance-based marketers from acquisition to conversion. With an easy-to-use interface and real-time reporting, performance-based marketers can quickly setup, manage, and optimize their campaigns. Seamless integration with external services through a robust API provides clients with a single dashboard that helps increase revenues, lower operational costs, and improve the ROIs of their campaigns.
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that we are evaluating strategic alternatives to maximize shareholder value and that we are confident that R&D investments and staff additions will result in ongoing market share gains and when we describe our expectations for our future growth and revenues, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media's reports filed from time to time with the Securities and Exchange Commission.
Brian Ross
Chairman & CEO
(310) 710-0578
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Datum: 13.08.2013 - 13:00 Uhr
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