Rentrak Corporation Announce Amendment to Article III of the Company's Articles of Incorporation
Aug 15 14
Rentrak Corporation announced that at Annual Meeting the members has approved the amendment to Article III of the company's Articles of Incorporation.
Rentrak Signs on Multi-Year Agreement with the NBC Owned Television Stations
Aug 14 14
Rentrak has signed a multi-year agreement with the NBC Owned Television Stations in Los Angeles (KNBC), Dallas-Fort Worth (KXAS), and Miami-Fort Lauderdale (WTVJ). These stations will utilize Rentrak's massive and passive measurement system, including Rentrak's single-source automotive and political segmentations, to sell the value of their audiences and inventory in reaching actual purchasers. With the addition of the three NBC Owned Television Stations, Rentrak is now providing its traditional and Advanced Demographics ratings information to all four network-owned station groups, with 60% of the owned stations currently subscribing.
Rentrak Corporation Signs TV Ratings Agreement with Willow TV
Aug 13 14
Rentrak Corporation announced a TV contract with Willow TV. Willow TV will use Rentrak's TV ratings currency to gain insights about audience viewing patterns and for posting advertising campaigns.
Rentrak Signs TV Ratings Agreement with Cooper-Smith Advertising
Aug 11 14
Rentrak announced a new local market television ratings contract with Cooper-Smith Advertising. Cooper-Smith will use Rentrak's local television currency to provide its clients deeper insight into television usage and tools for precisely targeting media. A partial client list includes Charter Communications, Lourdes University, Sofo Foods and St. Joseph Health System.
Rentrak Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for Fiscal 2015
Aug 7 14
Rentrak Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, revenue was $22,344,000 compared to $16,682,000 a year ago. Loss from continuing operations was $1,358,000 compared to $2,331,000 a year ago. Loss from continuing operations before income taxes was $1,338,000 compared to $2,284,000 a year ago. Loss from continuing operations, net of income taxes was $1,367,000 compared to $1,959,000 a year ago. Net loss attributable to company $966,000 or $0.11 basic and diluted per share compared to $1,191,000 or $0.16 basic and diluted per share a year ago. Net cash used in operating activities was $606,000 compared to net cash used in operating activities of $3,331,000 a year ago. Payments made to develop intangible assets were $26,000 compared to $80,000 a year ago. Purchase of property and equipment was $1,870,000 compared to $1,782,000 a year ago. Adjusted EBITDA $2,040,000 compared to $356,000 a year ago.
The company expects total revenue for fiscal 2015 to increase 40% over fiscal 2014. Gross margin for the year is expected to be the approximately 50%. For fiscal 2015, it is anticipating a capital spending of approximately $10.6 million.