Augme Technologies Announces First Quarter Revenue Increase of 321% to $1.2 Million
finance.yahoo.com
"As evidenced by all reported measures, Augme's revenue is rapidly ramping up," noted Paul Arena, Chief Executive Officer of Augme Technologies, Inc. "On a sequential basis, recognizable revenue increased by 25%, deferred revenue rose by 68%, and booked revenue grew by 45% when compared with the quarter ended February 28, 2011. Our gross margin also improved from approximately 58.0% of revenue in the fourth quarter of FY2011 to 69.9% in the most recent quarter. Total billings reached an implied annualized revenue run rate of $8.4 million in the first quarter of Fiscal 2012, a pace that underpins our confidence in achieving previously issued guidance for the full fiscal year."
"This revenue growth trajectory demonstrates the aggressive and successful execution of our near-term strategy to drive the adoption of our patented AD LIFE™ mobile platform by adding new logos to our blue-chip customer base and expanding our share of marketing budgets with customers in an ever-widening set of industry verticals," added Arena. "Longer term, we plan to leverage our recently introduced AD LIFE™ v4.0 software-as-a-service ("SaaS") mobile marketing software platform to increase the revenue contribution from SaaS licenses, embed ADLIFE™ within customers' enterprise systems, monetize data analytics across multiple channels and monetize our intellectual property through licensing and litigation initiatives. As a market leader at the forefront of the rapidly expanding mobile marketing industry, Augme is ideally situated to continue accelerating its revenue growth." |
