NEW YORK (TheStreet) -- Shares of RMG Networks (RMGN) - Get Report were gaining 45.7% to $1.53 Monday after the digital signage company announced its preliminary fourth quarter results.

RMG Networks announced that it expects revenue of about $18.6 million for the fourth quarter, and about $68.1 million for full year 2014. The company said it also expects its fourth quarter EBITDA to increase compared to the third quarter.

The company said that it expects fourth quarter revenue of $13.1 million for the Enterprise business, and $5.5 million for the Media business.

"We executed well in the fourth quarter and our results are encouraging as we expect strong sequential growth in both adjusted revenue and adjusted EBITDA," CEO Robert Michelson said. "In addition, we continued to successfully implement the strategic initiatives that we expect will further establish the platform for long-term success."

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