Key Developments: Velti PLC (VELT.O)
1.49USD
18 Jun 2013
$0.07 (+4.93%)
$1.42
$1.43
$1.54
$1.43
1,488,736
1,676,436
$10.43
$1.38
Latest Key Developments (Source: Significant Developments)
Velti Plc Issues Q2 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance
Velti Plc announced that for the second quarter of 2013, it expects revenue to be in the range of $42.0-$45.0 million and adjusted EBITDA in the range of $(12.0)-$(8.0) million. For fiscal 2013, it expects adjusted EBITDA in the range of $5.0-$15.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $55.16 million and EBITDA of $(4.01) million for the second quarter of 2013; EBITDA of $7.3 million for fiscal 2013. Full Article
Velti Plc Announces Pricing of $24.8 Million Offering of Ordinary Shares
Velti Plc announced that it has entered into a securities purchase agreement with certain institutional accredited investors to sell 16,529,412 ordinary shares at a price of $1.50 per share. The aggregate gross proceeds of the offering are $24.8 million. The Company intends to use the proceeds of the offering to pay certain deferred acquisition consideration totaling approximately $16.5 million relating to its November 2011 acquisition of MIG, and for research and development of the Company's technology solutions, working capital, and general corporate purposes. Full Article
Velti Plc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
Velti Plc announced that for first quarter of 2013, it expects revenue to be in the range of $40.0-$44.0 million and adjusted EBITDA in the range of $(17.0)-$(15.0) million. For fiscal 2013, it expects revenue to be in the range of $255.0-$280.0 million and adjusted EBITDA in the range of $5.0-$15.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $62.7 million and EBITDA of $4.9 million for first quarter of 2013; revenue of $339.5 million and EBITDA of $74.5 million for fiscal 2013. Full Article
Velti Plc Appoints Jeff Ross as New Chief Financial Officer
Velti Plc announced the appointment of Jeff Ross as the Company`s Chief Financial Officer(CFO), effective January 7, 2013. Wilson Cheung, Velti`s current CFO, will remain with Velti and transition into a new role in its fast-growing Asian markets. Full Article
Velti Plc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 Guidance
Velti Plc announced that for the fourth quarter of 2012, it expects comparable revenue of $112.1-$123.1 million and comparable adjusted EBITDA of $63.3-$69.3 million. For fiscal 2012, it expects comparable revenue of $285.0-$296.0 million and comparable adjusted EBITDA of $82.0- $88.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $121.2 million and EBITDA of $63.8 million for the fourth quarter of 2012; revenue of $293.7 million and EBITDA of $84.5 million for fiscal 2012. Full Article
Velti Plc Raises FY 2012 Guidance; Issues Q3 2012 Guidance In Line With Analysts' Estimates
Velti Plc increased fiscal year 2012 revenue and adjusted EBITDA guidance. Revenue in the range of $285.0-$296.0 million and EBITDA in the range of $82.0-$88.0 million for fiscal 2012. For the third quarter of 2012, it expects revenue in the range of $60.0-$64.0 million and EBITDA in the range of $8.5-$10.5 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $61.5 million and EBITDA of $9.8 million for third quarter of 2012; revenue of $291.4 million and EBITDA of $83.4 million for fiscal 2012. Full Article
Velti Plc Issues Q2 2012 Guidance; Raises FY 2012 Guidance
Velti Plc announced that for the second quarter of 2012, it expects revenue to be in the range of $55.0-$59.0 million and adjusted EBITDA to be in the range of $4.5-$7.0 million. For fiscal 2012, it is increasing revenue and adjusted EBITDA guidance and expects revenue to be in the range of $283.0-$296.0 million and adjusted EBITDA to be in the range of $81.0-$88.0 million. Full Article
Velti Plc Issues Q1, FY 2012 Guidance In Line With Analysts' Estimates
Velti Plc announced that for first quarter of 2012, it expects revenue to be in the range of $44.0-$48.0 million and adjusted EBITDA in the range of $3.5-$5.5 million. For fiscal 2012, it expects revenue to be in the range of $280.0-$295.0 million and adjusted EBITDA in the range of $80.0-$88.0 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $45 million and EBITDA of $4.5 million for first quarter of 2012; revenue of $281 million and EBITDA of $84 million for fiscal 2012. Full Article
Augme Technologies, Inc. Files Patent Infringement Suit Against Velti Plc's Velti USA, Inc
Augme Technologies, Inc. announced that it has filed a patent infringement lawsuit in the United States District Court of Delaware against Velti Plc's Velti USA, Inc., (Defendant). Augme is asserting three causes of action involving patent infringement related to Augme-owned United States Patent No. 7,783,721 (Method and Code Module for Adding Function to a Web Page), United States Patent No. 7,269,636 (Method and Code Module For Adding Function to a Web Page) and United States Patent No. 6,594,691 ("Method and System for Adding Function to a Web Page). Augme seeks injunctive relief to prevent Defendant from continuing to infringe Augme's patents. In addition, Augme seeks a recovery of monetary damages resulting from Defendant's past infringement of these patents and all legal fees associated with this patent enforcement effort. Augme's Complaint alleges that it has suffered irreparable harm as a result of the alleged infringement and thus seeks a permanent injunction against Velti USA, Inc. The requested injunction would prevent Velti USA, Inc. from manufacturing, using, offering for sale, selling and/or importing into the United States of infringing products, methods, processes, services and/or systems that are primarily used or primarily adapted for use in an electronic or computer network system for targeting content via a Web browser. Full Article
Velti Plc Completes Acquisition Of CASEE
Velti Plc announced that it has completed the acquisition of the remaining equity ownership interest of the parent company of CASEE. CASEE is the mobile ad exchange and mobile ad network in China and was founded in 2006 by Chief Executive Officer, Xin Ye and a team of technology entrepreneurs. In 2008, Velti acquired 33% of CASEE, enabling Velti to execute campaigns for global brands in China, and forming an important piece of Velti's global expansion strategy. Velti paid approximately $8.4 million in cash for the remaining interest in CASEE. In addition, based upon the financial performance of CASEE, Velti may be required to pay total contingent consideration of up to $20.7 million in a mix of cash or shares at Velti's discretion. The contingent consideration is payable in two tranches, between now and mid-2013 following determination of certain financial results of CASEE for its fiscal years ending March 31, 2012 and March 31, 2013. Full Article
BRIEF-Velti shares down 27.7 percent premarket
NEW YORK, March 13 - Velti PLC : * Shares down 27.7 percent premarket
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