Key Developments: Augme Technologies Inc (AUGT.OB)
0.39USD
17 May 2013
$0.00 (+0.28%)
$0.39
$0.40
$0.40
$0.38
216,400
481,477
$2.38
$0.27
Latest Key Developments (Source: Significant Developments)
Augme Technologies Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates
Augme Technologies Inc announced that for fiscal 2013, it expects revenue at $26.2 million, up 119% over fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $27 million for fiscal 2013. Full Article
Augme Technologies Inc's Subsidiary Announces Divestiture Of Non-Core Division
Augme Technologies Inc and its wholly owned subsidiary, Hipcricket Inc, announced the divestiture of a non-core division of the Company based in Tucson, Arizona. The Tucson division comprises six professionals who have primarily been involved in the development of new patents and helping Augme generate value from its existing intellectual property portfolio. Full Article
Augme Technologies Inc Announces Appointment Of Chief Executive Officer
Augme Technologies Inc announced that Ivan Braiker has been appointed as the Company's Chief Executive Officer (CEO) effective March 1, 2013. Mr. Braiker is currently the Company's President and also serves on Board of Directors, and was founder of Hipcricket. Mr. Braiker replaces Robert F. Hussey as CEO. Mr. Hussey will also be resigning as a Director. Full Article
Augme Technologies Inc Raises $6.6 Million In Public Offering
Augme Technologies Inc announced that it has received commitments for the purchase of approximately $6.6 million of securities in a registered direct offering. The Company sold 13,469,661 shares of common stock together with warrants to purchase an additional 6,734,831 shares of common stock at a per unit price of $0.49. Each warrant is exercisable for a period of five years at an exercise price of $0.66 per share. The closing of the offering is expected to take place on or about February 4, 2013. The Company intends to use the net proceeds from this offering for general corporate purposes. Roth Capital Partners, LLC acted as sole placement agent for the offering. Full Article
Augme Technologies Inc Reaffirms Q2 2014 Revenue Guidance; Reaffirms Quarterly Revenue Guidance-Conference Call
Augme Technologies Inc announced that it is on track to reach operating cash flow breakeven in the second quarter of 2014, at a quarterly revenue rate of approximately $10 million. The Company expects to continue to increase revenue by 15%-plus quarter-over-quarter on average. Given the customers' calendar year-end budgeting process, the Company expects to see different sequential revenue growths above and below that range in some quarters. Full Article
Augme Technologies Inc Comments On Q2 2014 Revenue Guidance; Comments On Quarterly Revenue Guidance-Conference Call
Augme Technologies Inc announced that it expects to achieve operating cash flow breakeven in the second quarter of 2014. To reach $10 million in quarterly revenue, it expects to increase revenue sequentially by 15% to 20% on average each quarter. Full Article
Augme Technologies Inc Announces Closing of $6.8 Million Public Offering of Securities
Augme Technologies Inc announced the closing of its previously announced public offering of common stock together with warrants to purchase shares of common stock at a price to the public of $0.80 per share and corresponding warrant. The total number of shares of common stock sold was 8,500,000 shares together with five year warrants to purchase an additional 2,125,000 shares of common stock at an exercise price of $0.96 per share. Augme intends to use the net proceeds from the offering for organic expansion in existing and new markets, for general corporate purposes and to pay in full a promissory note in the amount of $200,000. Northland Capital Markets acted as the sole book-running manager. Brean Capital, LLC and Dawson James Securities were selling group members. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC. Full Article
Augme Technologies Inc Announces Pricing Of Public Offering
Augme Technologies Inc announced that it has priced an underwritten public offering of 8,500,000 shares of its common stock together with warrants to purchase an additional 2,125,000 shares of common stock. Each share of stock and warrant will be sold at a price to the public of $0.80, for gross proceeds of approximately $6.8 million. The net proceeds from the sale of the securities, after deducting the underwriter's discounts and other estimated offering expenses payable by the Company, will be approximately $6.132 million. In connection with the offering, the Company has also granted to the underwriter a 45-day option to purchase from the Company up to 1,275,000 additional shares of common stock and warrants for the purchase of 318,750 shares of common stock to cover any over-allotments. The Company currently intends to use the net proceeds from this offering for organic expansion in existing and new markets, for general corporate purposes and to pay debt in the amount of $200,000. The offering is expected to close on or about October 3, 2012, subject to the satisfaction of customary closing conditions. Northland Capital Markets is acting as sole book-running manager. Brean Capital, LLC and Dawson James Securities are selling group members. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC. Full Article
Augme Technologies Inc Launches Public Offering Of Common Stock And Warrants
Augme Technologies Inc announced a public offering of shares of common stock together with warrants for the purchase of shares of common stock. In addition, the Company intends to grant the underwriter a 45-day option to purchase additional shares of common stock and warrants for the purchase of shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for the payment of debt, working capital and general corporate purposes. Northland Capital Markets is acting as sole book-running manager. Full Article
Augme Technologies Inc Appoints Interim Chief Executive Officer
Augme Technologies Inc announced that Robert F. Hussey has been appointed Interim Chief Executive Officer of the Company and its wholly owned subsidiary, Hipcricket Inc effective immediately. Mr. Hussey is a member of Augme's Board of Directors and previously served as Augme's Interim COO from June 21, 2012 to September 4, 2012. Mr. Hussey replaces Paul Arena, who has served as CEO since June 8, 2012 and Chairman since October 5, 2011. Mr. Arena will remain a member of Augme's Board of Directors. Full Article
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