Last $51.63 USD
Change Today -1.78 / -3.33%
Volume 77.1K
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As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

rentrak corp (RENT) Key Developments

Newsmax TV to Use Rentrak's TV Measurement Service for National News and Information Channel to Support All Marketing Initiatives

Rentrak announced an agreement with Newsmax Media's news and information channel, Newsmax TV. Rentrak's 'granular' television measurement service will play a key role in supporting Newsmax TV's marketing initiatives to advertisers and agencies as well as cable and telco service providers.

Rentrak Corporation Proposes Amendment to Articles of Incorporation

Rentrak Corporation proposed to amend Article III of the company's Restated Articles of Incorporation to increase the number of authorized shares of common stock from 30,000,000 to 75,000,000, to its Annual Meeting of Shareholders of the company to be held on August 13, 2014.

Richard Hochhauser to Retire from Board of Directors of Rentrak Corporation, Effective August 13, 2014

Rentrak announced that Richard Hochhauser will retire from its Board of Directors effective August 13, 2014. Mr. Hochhauser has served as a member of the Board of Directors since 2009. In conjunction with Hochhauser's upcoming retirement, the Board announced that Patricia Gottesman will stand for election at 2014 Annual Meeting of Shareholders to serve as a member of Board of Directors. Gottesman is currently Chairman of the Advisory Board of Ninah.

Rentrak Corporation Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014; Provides Earnings Guidance for 2015

Rentrak Corporation reported consolidated unaudited earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company reported revenue of $21,558,000 compared with $15,421,000 for the same period last year. Loss from continuing operations of $2,849,000 compared with $2,614,000 for the same period last year. Loss from continuing operations before income taxes was $2,868,000 compared with $2,626,000 for the same period last year. Loss from continuing operations, net of income taxes was $2,705,000 or $0.22 diluted per share compared with $2,762,000 or $0.23 diluted per share for the same period last year. Net loss attributable to Rentrak Corporation was $2,087,000 or $0.17 diluted per share compared with $2,028,000 or $0.17 diluted per share for the same period last year. Adjusted EBITDA was $190,000 compared with $13,000 for the same period last year. Diluted EPS, non-GAAP was $0.03 compared with diluted LPS, non-GAAP $0.12 for the same period last year. The company reported $1.9 million in capital spending for the fourth quarter of fiscal 2014. For the full year, the company reported revenue of $75,600,000 compared with $57,033,000 for the same period last year. Loss from continuing operations of $9,460,000 compared with $26,527,000 for the same period last year. Loss from continuing operations before income taxes was $9,335,000 compared with $26,149,000 for the same period last year. Loss from continuing operations, net of income taxes was $7,152,000 or $0.59 diluted per share compared with $25,169,000 or $2.14 diluted per share for the same period last year. Net loss attributable to Rentrak Corporation was $4,254,000 or $0.35 diluted per share compared with $22,617,000 or $1.93 diluted per share for the same period last year. Net cash provided by operating activities was $6,265,000 compared with net cash used in operating activities $1,646,000 for the same period last year. Purchase of property and equipment was $7,662,000 compared with $7,024,000 for the same period last year. Adjusted EBITDA was $1,942,000 compared with adjusted LBITDA of $16,132,000 for the same period last year. Diluted EPS, non-GAAP was $0.07 compared with diluted LPS, non-GAAP $0.28 for the same period last year. For fiscal 2015, it is expecting capital spending of approximately $10.5 million, of which $6.8 million is related to internally developed software costs and the remaining $3.7 million related to computer equipment and leasehold improvements. The company announced that it remains confident in its ability to continue generating substantial growth in revenue, including: 80% annual growth in its TV Everywhere(TM) business for the next several years. 12% annual growth in its Movies Everywhere(TM) business for the foreseeable future, 20% annual growth in its OnDemand Everywhere(R) business. 5% annual decline in its Other services that measure physical DVDs.

Rentrak Corporation Presents at Sanford Bernstein Future of Media Summit, Jun-18-2014 09:30 AM

Rentrak Corporation Presents at Sanford Bernstein Future of Media Summit, Jun-18-2014 09:30 AM. Venue: Boston, Massachusetts, United States. Speakers: William P. Livek, Vice Chairman and Chief Executive Officer.

 

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