ACTIVE Network Reports Fourth Quarter And Fiscal Year 2012 Financial Results
ACTIVE Network (NYSE: ACTV), the leader in cloud-based Activity and Participant Management™ (APM) solutions, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2012.
Q4 2012 Financial Highlights:
(All comparisons are made to the fourth quarter of 2011)
- Total net revenue up 23% to $93.7 million.
- Technology revenue increased 25% and constituted 88%, or $82.0 million, of total net revenue.
- Net registration revenue increased 20% to $55.8 million with the number of registrations up 7% and the revenue per registration up 13%.
- Marketing services revenue constituted 12%, or $11.6 million, of total net revenue.
- Net loss was $14.3 million compared to a net loss of $8.5 million.
- Adjusted EBITDA, a non-GAAP financial measure, was $5.9 million up from $0.4 million in 2011 (Adjusted EBITDA in 2011 included $1.9 million of severance costs associated with the acquisition of StarCite).
Fiscal Year 2012 Financial Highlights:
(All comparisons are made to fiscal year 2011)- Total net revenue up 24% to $418.9 million.
- Technology revenue increased 28% and constituted 88%, or $370.5 million, of total net revenue.
- Net registration revenue increased 21% to $275.8 million with the number of registrations up 12% and the revenue per registration up 8%.
- Approximately 55,000 organizations utilized the Company’s technology solutions, up 7%.
- Marketing services revenue constituted 12%, or $48.4 million, of total net revenue.
- Net loss was $43.0 million compared to a net loss of $27.1 million.
- Adjusted EBITDA, a non-GAAP financial measure, was $38.4 million. Excluding the impact of business combination accounting rules related to deferred revenue, Adjusted EBITDA was $50.8 million.
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