Mood Media forecasts Q1 revenue worth 125-135m dollars

AIM-listed audio, visual and advertising solutions provider Mood Media has unveiled its preliminary first quarter results showing that revenue is expected to be in the range of 125m dollars to 135m dollars.

AIM-listed audio, visual and advertising solutions provider Mood Media has unveiled its preliminary first quarter results showing that revenue is expected to be in the range of 125m dollars to 135m dollars.

The company has predicted that adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) would be expected to be in the range of $25m to $27m, before one-time costs.

The revenue and adjusted EBITDA guidance for the first quarter reflected seasonality pertaining to customer installations, Mood Media said, which typically produced lower quarterly performance than was produced during the remainder of the fiscal year. The company added that the results were subject to change pending the expected full release of first quarter results on May 9th 2013.

Lorne Abony, Chairman and Chief Executive Officer of Mood Media, said: "Mood Media remains a strong and competitive business and our team is laser-focused on executing our strategy to build best-in-class solutions that will allow us to achieve organic growth, reduce expenses and deliver shareholder value."

Abbey added: "We expect to realise approximately $7.0m in synergies in 2013 that were executed in 2012. While we may realise additional synergies by the end of 2013, we are taking a prudent and conservative approach to their implementation and the impact on our financial forecast."

Mood Media's share price was up 1.59% to 64p at 12:00 on Wednesday.

MF

Recommended

Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021