Key Developments: RMG Networks Holding Corp (RMGN.OQ)

RMGN.OQ on NASDAQ Stock Exchange Global Market

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18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

RMG Networks awarded $2.5 mln internal communications contract
Monday, 15 Dec 2014 08:00am EST 

RMG Networks Holding Corp:Says it has been awarded an additional $2.5 mln contract to provide an internal communication solution and related services to, longstanding customer of RMG Networks.RMG Networks will provide hardware, software and program services to support internal communications across entire 90+ location footprint of the customer.The customer will also utilize RMG Network's OnTarget news service as part of their communications program and the OnTarget Premier service to create uniquely tailored company news messages.  Full Article

RMG Networks Holding names Robert Michelson CEO and president
Friday, 12 Dec 2014 08:00am EST 

RMG Networks Holding Corp:Has removed the interim designation from Robert Michelson's title, naming him the company's president and chief executive officer, effective immediately.  Full Article

RMG Networks Holding Corp amends its senior credit facility
Friday, 14 Nov 2014 08:00am EST 

RMG Networks Holding Corp:Says it has successfully increased the size of its senior credit facility from $12 mln to $14 mln adding about $2 mln in net cash proceeds to the company's balance sheet.All other terms of the senior credit facility remained the same.  Full Article

RMG Networks Holding Corp's CFO William Cole to retire
Wednesday, 17 Sep 2014 04:00pm EDT 

RMG Networks Holding Corp:Says William G. Cole, 67, has notified board that for personal health reasons he intends to retire as Executive Vice President, Chief Financial Officer and Principal Accounting Officer effective Nov. 28.In preparation for Cole's planned departure, RMG Networks has begun search for permanent chief financial officer.Cole will remain in his current role full-time until his retirement and has agreed thereafter to remain available in order to facilitate a new CFO's transition.  Full Article

RMG Networks Holding appoints Robert Michelson Interim CEO and president
Thursday, 24 Jul 2014 04:05pm EDT 

RMG Networks Holding Corp:Says it has appointed Robert Michelson as interim president and interim chief executive officer, effective immediately.This appointment follows the resignation of Garry K. McGuire Jr. as the company's president and chief executive officer and his resignation.  Full Article

RMG Networks Holding Corp gives H2, FY 2014 revenue guidance and FY 2014 EBITDA guidance
Thursday, 8 May 2014 07:00am EDT 

RMG Networks Holding Corp:Continue to expect that sales investments made in H2 2013 will drive accelerated H2 2014 revenue and that the company will achieve 20 pct. year-over-year adjusted revenue growth for FY 2014.Expects to generate positive adjusted EBITDA for FY 2014.Reported revenue of $72.87 mln in FY 2013.  Full Article

RMG Networks Holding Corp announces advertising media partnership with etihad airways
Monday, 10 Feb 2014 05:32pm EST 

RMG Networks Holding Corp:Says the international expansion of its RMG Airline Media Network with the addition of digital assets from Etihad Airways, the national airline of the United Arab Emirates.Says new partnership will extend RMG's US leadership position in In-Flight advertising to a major global air carrier with premium advertising opportunities.Says proposed partnership with Etihad will bring RMG the exclusive right to sell advertising across its entire network of in-flight digital assets.  Full Article

RMG Networks Holding Corp Lowers FY 2013 Guidance
Thursday, 14 Nov 2013 07:00am EST 

RMG Networks Holding Corp announced that for fiscal 2013, it expects revenue to be in the range of $71-$76 million, which is slightly below the range previously provided due to a slower than expected ramp up in certain of the Company's international expansion and new product roll-out initiatives and Adjusted EBITDA to be between $(1.0) million and $1.0 million.  Full Article

RMG Networks Holding Corp Announces Partial Exercise of Underwriters' Over-Allotment Option
Monday, 19 Aug 2013 07:00am EDT 

RMG Networks Holding Corporation, or RMG Networks announced that the underwriters of its previously announced public offering of common stock have exercised a portion of their over-allotment option, purchasing an additional 365,000 shares of common stock at the public offering price of $8.00 per share, less underwriting discounts and commissions. Proceeds from the exercise of the option will be approximately $2.716 million, after deducting underwriting discounts and commissions. The over-allotment option exercise closed on August 16, 2013. Roth Capital Partners acted as sole book-running manager and Northland Capital Markets acted as co-manager in the offering. As previously announced, the company intends to use the net proceeds from the offering, including the net proceeds from the exercise of the over-allotment option, to pay down debt and for other general corporate purposes, which may include the funding of growth initiatives, capital expenditures, working capital and/or strategic acquisitions.  Full Article

RMG Networks Holding Corp Issues FY 2013 And FY 2014 Guidance
Wednesday, 14 Aug 2013 06:30am EDT 

RMG Networks Holding Corp announced that for fiscal 2013, it expects revenue to be in the range of $76-$78 million compared to $68.2 million in 2012 and adjusted EBITDA in the range of $5 million to $6 million compared to $7.5 million in 2012. For fiscal 2014, it expects revenue in the range of $105-$110 million and adjusted EBITDA in the range of $16-$18 million.  Full Article

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