Single Touch Systems Inc. Reports Unaudited Consolidated Financial Results for the Full Year Ended September 30, 2012; Provides Revenue Guidance for the Fiscal 2013
January 03, 2013 at 01:30 pm
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Single Touch Systems Inc. reported unaudited consolidated financial results for the full year ended September 30, 2012. For the fiscal year, the company's revenue was increased 39%, or $1,767,057, to $6,346,919 compared to revenue of $4,579,862 for fiscal 2011. The growth, all of which was organic, was attributable to continuing mobile adoption and new programs for existing and new client relationships. Loss from operations was $2,766,266 compared to $7,306,812 last year. Net loss before income taxes was $3,254,386 compared to $7,984,363 last year. Adjusted LBITDA was improved by 24% to $1,573,382 in fiscal 2012, as compared to negative $2,080,846 in fiscal 2011. Net loss was $3,255,186 or $0.02 per basic and diluted share compared to $7,985,163 or $0.06 per basic and diluted share last year.
The company achieved substantial year-over-year organic revenue growth in fiscal 2012 and expects this trend to continue in 2013.
SITO Mobile, Ltd. develops customized, data-driven solutions for brands spanning strategic insights and media. The Company's platform reveals an understanding of customer interests, actions and experiences providing clarity for clients when it comes to navigating business decisions. Using in-store targeting, proximity targeting, geo-conquesting and attribution data, the platform creates audience profiles to develop measurable targeted campaigns for brands. Its real-time, location-based technology gives clients the advantage of understanding the future of retail and consumer behavior. Its solutions include research, which provides data-driven problem solving; execution, which provides personalized, location-based advertising; measurement, which offers closed-loop attribution solutions; and insights, which provides decision-making solutions for businesses.
Single Touch Systems Inc. Reports Unaudited Consolidated Financial Results for the Full Year Ended September 30, 2012; Provides Revenue Guidance for the Fiscal 2013