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

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021