This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wireless Ronin Reports 148 Percent Year-Over-Year Revenue Increase For 2010 Third Quarter

Key recent highlights include:

  • Revenue increased to $2.7 million, a 148 percent increase for the third quarter year-over-year
  • Gross margin hit all time high of 50 percent in third quarter of 2010
  • Chrysler's iShowroom retail branded t ower salon initiative continues to gain acceptance as the Company received an order from Chrysler totaling $1.2 million for 100 dealers
  • Awarded large-scale rollout of over 2,000 sites with Snap Fitness
  • Lowest quarterly non-GAAP operating loss of $1.0 million in company history

MINNEAPOLIS, Oct. 28, 2010 (GLOBE NEWSWIRE) -- Wireless Ronin Technologies, Inc. (Nasdaq:RNIN), a leader in digital signage solutions, today announced its financial results for the third quarter ending September 30, 2010.

Third Quarter Results

Wireless Ronin reported revenue of $2.7 million for the third quarter of fiscal 2010, a 148 percent increase from $1.1 million in the third quarter of fiscal 2009. As of September 30, 2010, the Company had received purchase orders totaling approximately $1.7 million for which it had not recognized revenue. The year-over-year increase in revenue came primarily from the Company's marquee customers, Chrysler, Thomson Reuters, YUM! and ARAMARK, in addition to new client orders:

  • Received order totaling $1.2 million from Chrysler as it officially launches its retail branded tower salon to dealers as part of its standards program;  
  • Completed 37 Burger Studio installations, which more than doubled the total number of ARAMARK sites;  
  • Selected by Snap Fitness, the fastest-growing franchisor of compact, state-of-the-art, 24/7 fitness centers, to deploy RoninCast ® software in all 2,000 locations across the United States; and    
  • Received a Thomson Reuters Infopoint ® order to be deployed at 50 sites for a financial services institution with over 3,000 locations.

For the third quarter of fiscal 2010, the Company's recurring hosting and support revenue totaled approximately $0.4 million, representing a year-over-year increase of approximately 189 percent.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,078.04 +66.10 0.37%
S&P 500 2,114.91 +5.31 0.25%
NASDAQ 5,099.5480 +23.0240 0.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs