The shares of the now solidly profitable MEET have been very volatile in recent weeks. Rumors have been circulating that it would not hit its third quarter targets.
MeetMe (MEET) Reiterates Q3, FY Guidance
August 16, 2016 4:02 PM EDT
MeetMe, Inc. (Nasdaq: MEET) reiterated its financial guidance for the third quarter and full year of 2016 in response to recent volatility in the Company’s share price and in anticipation of upcoming investor meetings.
MeetMe Third Quarter 2016 Guidance
Revenue for the quarter is expected to be in the range of $17.0 million and $17.5 million, representing growth of between 19% and 22% year over year.
Adjusted EBITDA for the quarter is expected to be in the range of $6.5 million and $7.0 million, representing growth of between 25% and 35% year over year. MeetMe Full Year 2016 Guidance
Revenue for the year is expected to be in the range of $66.0 million to $68.0 million, representing growth of between 16% and 20% year over year.
Adjusted EBITDA for the year is expected to be in the range of $25.0 million to $27.0 million, representing growth of between 24% to 33% year over year. Consolidated Full Year 2016 Guidance(pending closing of Skout, Inc. acquisition, expected in early October 2016)
Revenue for the year is expected to be in the range of $73.5 million to $75.5 million, which would include three months of revenue contribution from Skout.
Adjusted EBITDA for the year is expected to be in the range of $28.0 million to $30.0 million, which would include three months of adjusted EBITDA contribution from Skout.
streetinsider.com |
