Key Developments: Active Network Inc (ACTV.N)

ACTV.N on New York Stock Exchange

8.31USD
1 Aug 2013
Price Change (% chg)

$-0.22 (-2.58%)
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$8.53
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$8.57
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$8.64
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Latest Key Developments (Source: Significant Developments)

Active Network Inc Issues Q3 2013 Guidance; Revenue And Net Income Guidance Below Estimates; Updates FY 2013 Revenue And Net Income Guidance To A Range Below Estimates; Raises FY 2013 EBITDA Guidance
Thursday, 1 Aug 2013 04:05pm EDT 

Active Network Inc announced that for the third quarter of 2013, it expects total revenue to be in the range of $113 million to $116 million, adjusted EBITDA in the range of $15 million to $17 million, and a net loss of $9 million to $4 million. For fiscal 2013, it expects revenue to be in the range of $451 million to $456 million and adjusted EBITDA to be in the range of $51 million to $54 million. Excluding charges in the second quarter of 2013 related to management changes, adjusted EBITDA is expected to be in the range of $52.5 million to $55.5 million, an improvement from the Company's previously issued Adjusted EBITDA outlook. The Company expects a net loss of $41 million to $35 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $122 million, EBITDA of $16 million and net income of $1 million for the third quarter of 2013; and revenue of $463 million, EBITDA of $50.0 million and net income of $7 million for fiscal 2013.  Full Article

Holzer Holzer & Fistel, LLC Announces Investigation Into Active Network Inc
Thursday, 1 Aug 2013 01:22pm EDT 

Holzer Holzer & Fistel, LLC announced that it is investigating whether Active Networks Inc. (Active Networks or the Company) and/or certain of its officers complied with the federal securities laws when making statements to investors in connection with the Company's initial public offering on May 25, 2011. Specifically, the investigation focuses on statements issued by Active Networks regarding costumer conversions to its online registration systems. On November 1, 2012, Active Networks announced lower guidance for its 2013 fiscal year, and its stock price fell dramatically on the news.  Full Article

Active Network Inc Announces Strategic Partnership To Support Software Solutions That Help Race Directors Build And Deliver
Monday, 1 Jul 2013 08:00am EDT 

Active Network Inc announced a strategic partnership with RaceHQâ▒¢. RaceHQ is a first-of-its-kind project management tool built specifically for event directors. RaceHQ's comprehensive set of features includes templates featuring built-in event planning tools, the ability to sync external calendars with tasks and milestones, and advanced permissions that allow users to collaborate with other members within their organization. With access to more than five million endurance participants, ACTIVE Network continues to cultivate a legion of enthusiasts and provides a robust technology platform, ACTIVE Works Endurance, to power the online registration and membership management for race directors. The ACTIVE Works platform helps race directors manage their events more efficiently while helping streamline the process for athletes throughout the participant journey.  Full Article

Active Network Inc Issues Q2 2013 Guidance; Revenue And Net Income Guidance Below Analysts' Estimates
Thursday, 2 May 2013 04:05pm EDT 

Active Network Inc announced that for the second quarter of 2013, it expects total revenue to be in the range of $128 million to $133 million, net loss of $10 million to $3 million and adjusted EBITDA in the range of $18 million to $21 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $136 million, EBITDA of $21 million and net income $7 million for the second quarter of 2013.  Full Article

Active Network Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance
Thursday, 14 Feb 2013 04:10pm EST 

Active Network Inc announced that for the first quarter of 2013, it expects total revenue to be in the range of $102 million to $107 million. Adjusted EBITDA is expected to be in the range of $2 million to $5 million and expects a net loss of $21 million to $17 million. For fiscal 2013, it expects total revenue to be in the range of $470 million to $480 million and Adjusted EBITDA is expected to be in the range of $50 million to $54 million. The Company expects a net loss of $38 million to $31 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $106 million, EBITDA of $4 million and net loss $(17) million for the first quarter of 2013; revenues of $475, EBITDA of $51 million and net loss of $(37) million for fiscal 2013.  Full Article

Active Network Inc And Participant Management Announces Strategic Alliance With Run Ireland
Tuesday, 8 Jan 2013 04:00am EST 

Active Network Inc and Participant Management (APM), announced a strategic alliance with Run Ireland, the website for running events in Ireland. As the official technology partner, ACTIVE Network will handle the online registration for events listed on Run Ireland's site to make finding and signing up for endurance events online even easier.  Full Article

Ryan & Maniskas, LLP Announces Investigation of Active Network Inc
Tuesday, 6 Nov 2012 10:59am EST 

Active Network Inc announced that Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of the Company. The investigation focuses on allegations that certain statements issued by the Company regarding its business, operations and financial condition were false and misleading.  Full Article

Active Network Inc Issues Q4 2012 Guidance; Lowers FY 2012 Guidance; Issues FY 2103 Guidance
Thursday, 1 Nov 2012 04:10pm EDT 

Active Network Inc announced that for the fourth quarter of 2012, it expects total revenue to be in the range of $93-$97 million, adjusted EBITDA in the range of $5-$7 million. Excluding the impact of business combination accounting rules, Adjusted EBITDA is expected to be in the range of $6.6 million to $8.6 million. The Company expects a net loss of $18 million to $13 million. For fiscal 2012, the Company is tightening its initial guidance range and expects total revenue to be in the range of $418-$422 million, adjusted EBITDA to be in the range of $37.5-$39.5 million. Excluding the impact of business combination accounting rules, Adjusted EBITDA is expected to be in the range of $50-$52 million. The Company expects net loss in the range of $47 million to $42 million. For fiscal 2013, it expects revenue to be in the range of $470-$480 million, Adjusted EBITDA to be in the range of $50 million to $54 million. The Company expects a net loss of $38 million to $31 million.  Full Article

Macworld/iWorld Selects Active Network Inc's Conference Solution
Tuesday, 25 Sep 2012 08:30am EDT 

Active Network Inc announced that IDG World Expo, the owner of Macworld/iWorld has chosen ACTIVE Network’s Conference platform to provide sophisticated tools for building communities, tracking activity, monitoring attendee sentiment, and delivering content to mobile devices at the 2013 Macworld/iWorld event.  Full Article

Sonic Foundry Inc Announces Strategic Alliance With Active Network Inc
Tuesday, 28 Aug 2012 02:00am EDT 

Sonic Foundry Inc announced a strategic alliance with Active Network Inc, to provide an integrated conference solution for associations and meeting professionals. The alliance pairs Mediasite Events webcasting services, which delivers live and on-demand streaming to remote audiences through their desktops and mobile devices, with ACTIVE Network's Business Solutions portfolio which serves customers of all sizes, including small and medium-sized businesses, enterprise corporations, associations, tradeshows and expos, with a single technology suite for their event management needs.  Full Article

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