Zenterio Reports Fourth Quarter and Fiscal Year 2014 Earnings

Posted On: 1st April 2016

Highlights October – December 2014

  • Deployed license base
  • The VAS (value added services) enabled license base grew by 150% in the fourth quarter, adding some 890 thousand licenses to the accumulated base of 1.5 million
  • The total license base grew by 50% in the fourth quarter, adding some 920 thousand licenses to the accumulated base of 2.7 million
  • Average monthly VAS revenue per deployed license (ARPU) SEK 0 (0)
  • Net sales in the quarter increased 174% to SEK 31.5 million (11.5 million)
  • EBITDA in the quarter were SEK -18.0 million (-24.0 million)
  • Net result in the quarter was SEK -25.7 million (-28.4 million)
  • Zenterio continued to roll-out the new IPTV solution for Telekom Romania that was initiated in the third quarter 2014
  • The Zenterio OS was supplemented with third party features, e.g. Zenterio joined the RDKcommunity, entered a strategic partnership with Metrological and integrated Ekioh’s HTML5 TV browser
  • On December 17, Zenterio completed two share issues of approximately SEK 80 million in total, whereof approximately SEK 60 million in cash
  • On December 18, Zenterio acquired Systemagic, a Linköping-based software company

 

Highlights January – December 2014

  • Deployed license base
  • The VAS enabled license base grew by 400%, adding some 1.2 million licenses to the accumulated base of 1.5 million
  • The total license base grew by 100%, adding some 1.4 million licenses to the accumulated base of 2.7 million
  • Average monthly VAS revenue per deployed license (ARPU) SEK 0 (0)
  • Net sales in the year increased 38% to SEK 80.3 million (58.3 million)
  • EBITDA in the year were SEK -79.1 million (-62.4 million)
  • Net result in the year was SEK -105.4 million (-90.6 million)

 

Important post-closing events

  • On April 1, 2015, Zenterio announced that the Board of Directors of the company has appointed Jörgen Nilsson as CEO as of April 2, 2015, and that the company plans for an IPO during 2015.
  • On March 20, 2015, Zenterio announced a new partnership agreement with the specialist digital agency. AdScribe, whereby Zenterio has also become a strategic investor in the company.
  • On January 30, 2015, Zenterio acquired the assets and liabilities of software development and consultancy firm VTilt Digital, now Zenterio Inc.

CEO Comment:

“It has been a very busy and exciting quarter and year for Zenterio, and I am proud to see what we have accomplished. At year-end our VAS (value added service) enabled license base reached 1,5 million, which was according to plan. After several strategic acquisitions, Zenterio now forms a company with a market leading technology combined with best in class know-how. We see how our line of business is getting increasingly important to Pay TV operators as the TV industry is transforming and we are looking forward to another busy year ahead“, says Robin Rutili, CEO of Zenterio.

For full CEO comment and report please visit: Investor Relations

For more information, please contact:

Mattias Arnelund; CFO

Email: mattias.arnelund@zenterio.com

Phone: +46 13 36 39 50

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