December 25, 2014 3:51 PM ET

Internet Software and Services

Company Overview of PNI Digital Media Inc.

Company Overview

PNI Digital Media Inc. provides transaction processing and order routing services to retailers, Internet portals, Websites, and telecommunication service providers. It operates PNI Digital Media Platform that connects consumer-ordered digital content, whether from online, in-store kiosks, desktop software, or mobile phones, with retailers that have on-demand manufacturing capabilities for the production of personalized products, including photo prints; gifting products, such as photo books and photo calendars; and non-photographic based products comprising business cards and stationery. The company's online platform electronically connects the retailer and its customers through the Internet ...

425 Carrall Street

Suite 590

Vancouver, BC V6B 6E3

Canada

Founded in 1995

Phone:

604-893-8955

Fax:

604-893-8966

Key Executives for PNI Digital Media Inc.

Chief Executive Officer
Age: 48
Chief Financial Officer and Principal Accounting Officer
Age: 34
Vice President of Technology
Age: 42
Vice President of Business Development
Age: 43
Controller
Compensation as of Fiscal Year 2014.

PNI Digital Media Inc. Key Developments

PNI Digital Media Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

PNI Digital Media Inc. reported earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company's loss for the second quarter ended March 31, 2014 was CAD 7.39 million, or CAD 0.17 loss per share, compared to a net loss of CAD 1.42 million, or CAD 0.04 loss per share, for the same quarter ended March 31, 2013. Revenue for the second quarter ended March 31, 2014 was CAD 5.17 million, compared to CAD 4.03 million for the same quarter ended March 31, 2013. For the six months period, the company's loss for the six months ended March 31, 2014 was CAD 6.53 million, or CAD 0.15 loss per diluted share, compared to a net loss of CAD 1.74 million, or CAD 0.05 loss per diluted share, for the same period ended March 31, 2013. Revenue for the six months ended March 31, 2014 was CAD 13.32 million, compared to CAD 10.59 million for the same period ended March 31, 2013.

PNI Digital Media Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

PNI Digital Media Inc. announced consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported revenue of CAD 5,167,404 against CAD 4,033,516 a year ago. Loss from operations was CAD 7,154,999 against CAD 1,808,410 a year ago. Loss before income tax was CAD 7,395,803 against CAD 1,417,403 a year ago. Loss for the period was CAD 7,395,803 or CAD 0.17 per basic and diluted share against CAD 1,417,403 or CAD 0.04 per basic and diluted share a year ago. Adjusted LBITDA was CAD 684,575 or CAD 0.02 per basic and diluted share against CAD 1,333,768 or CAD 0.04 per basic and diluted share a year ago. Loss was largely due to a CAD 5.8 million accrual associated with the settlement of litigation with Bloom Stationers LLC in May 2014. Revenue growth is primarily due to higher transactions across all key product lines, including prints, cards and invitations, photobooks and canvass, improve contract terms with key customers and the strengthening of the U.S. dollar relative to the Canadian dollar. The company recorded cash inflows from operations of CAD 1.8 million during the quarter as compared to cash outflows of CAD 358,000 during the period ended March 31, 2013. The change period-on-period was principally due to increased revenue, as well as favorable changes to noncash working capital items. For the six months period, the company reported revenue of CAD 13,317,995 against CAD 10,589,498 a year ago. Loss from operations was CAD 5,691,696 against CAD 1,998,850 a year ago. Loss before income tax was CAD 6,527,541 against CAD 1,736,435 a year ago. Loss for the period was CAD 6,527,541 or CAD 0.15 per diluted share against CAD 1,736,435 or CAD 0.05 per basic and diluted share a year ago. Adjusted EBITDA was CAD 1,288,780 or CAD 0.03 per basic and diluted share against adjusted LBITDA of CAD 1,075,936 or CAD 0.03 per basic and diluted share a year ago. Adjusted EBITDA on a year-to-date basis was positive due to the revenue and positive foreign exchange rate trends.

PNI Digital Media Inc., Special/Extraordinary Shareholders Meeting, Jul 08, 2014

PNI Digital Media Inc., Special/Extraordinary Shareholders Meeting, Jul 08, 2014., at 09:00 Pacific Standard Time. Location: Suite 1500 - 1055 West Georgia Street. Agenda: To consider the arrangement with Staples, Inc approving the acquisition by Staples Acquisition Canada ULC; and to transact such further or other business.

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Recent Private Companies Transactions

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Date
Target
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