Augme Technologies, Inc. Reports Third Quarter Revenue of $4.4 Million
finance.yahoo.com
Revenue Increases 244% Sequentially; Backlog as of November 30th Totals $13.1 Million
"Augme's one-stop mobile marketing and mobile advertising services, now sold exclusively under the Hipcricket brand name, continued to gain traction among branded enterprises, retailers and agencies during the third quarter," said Paul Arena, Chief Executive Officer of Augme Technologies, Inc. "New business momentum has been growing and coupled with our 95% customer retention rate, resulted in new order bookings of $5.3 million, and quarter end backlog of over $13.0 million."
Mr. Arena continued, "As the shift of media dollars toward mobile channels continues to accelerate, we are focused on driving adoption of our AD LIFE™ end-to-end mobile marketing platform that is both supported by our patented technology and scalable. At the same time, we are pursuing an Enterprise OEM strategy to propel cost-efficient revenue generation. The combination of a hyper fast-growing mobile media market, a growth strategy backed by proven high-end capabilities for user engagements and a growing pipeline of contract opportunities gives us confidence that we are on the cusp of rapidly scaling revenue and will achieve cash flow break-even during fiscal 2013." |
