Thursday, 10 April 2014

YANGAROO Achieves Record Year & Fourth Quarter


It was a positive conclusion to the end of 2013 as YANGAROO today announced its yearend and fourth quarter (Dec. 31) results.  

The fourth quarter represented two major milestones for the company:

  • Sales exceeded $1 million for the first time.
  • The normalized quarterly cash flow was positive for the first time.

Other key highlights include the following:

  • Revenue for the fiscal year 2013 was $3,494,490, 30% higher than in fiscal 2012. 
  • Revenue for the fourth quarter was $1,059,481, 39% higher than the revenue for the same period in 2012 and 27% higher than the previous quarter. 
  • The increase in revenue is primarily a result of greater use of YANGAROO Advertising by new and existing customers, to deliver SD and HD ads to television broadcasters.

  • Total operating expenses for the year were $560,547 higher than the previous year, primarily relating to the financing, restructuring and issuance of stock options. 
  • Total operating expenses for the fourth quarter of 2013 were 25% higher than the same period in fiscal 2012, primarily due to stock options costs. 

To view today’s new release please click here

Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M