theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) today confirmed the closing of its $16 million private placement financing, allowing the company to accelerate the development and marketing of its mobile sports apps. …Read More →
Rogers Media today received final regulatory approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Score Media Inc., which has been held in trust since October 19, 2012. With today’s approval, Rogers Media will integrate the operations and financial results of Score Media effective immediately. …Read More →
theScore, Inc. (TSX Venture: SCR) (“theScore”) announced Tuesday the financial results for the three and six months ended February 28, 2013 in accordance with International Financial Reporting Standards (“IFRS”).
FISCAL 2013 Q2 OPERATIONAL HIGHLIGHTS
“We find ourselves at the start of an exciting new chapter in the history of theScore,” said John Levy, Chairman and CEO, theScore, Inc. “We’ve just celebrated record mobile monthly active user numbers and also moved to a fantastic new office space, which perfectly fits our unique, creative and innovative company culture. theScore is now perfectly positioned to further capitalize on the industry-wide explosion in mobile advertising spending.”
FISCAL 2013 Q2 FINANCIAL RESULTS
Revenue for the three months ended February 28, 2013 was $1.1 million compared to $700k in the same period the previous year, an increase of 57%. Revenue for the six months ended February 28, 2013 was $2.6 million compared to $1.7 million for the same period the previous year, an increase of 53%.
EBITDA loss for the three months ended February 28, 2013 was $2.6 million compared to $1.1 million in the same period the previous year, and $4.7 million for the six months ended February 28, 2013 compared to $2.6 million for the same period the previous year. This difference was primarily as a result of an increased investment in personnel related to the development of theScore’s mobile apps as well as the impact of the Ontario Interactive Digital Media Tax Credit, which reduced EBITDA loss by $1.0 million and $1.5 million for the same three and six month period last year.
For more information:
Tel: 416.479.8812 ext. 2366
Chief Financial Officer
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theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) announced Tuesday it has entered into subscription agreements in connection with a $16 million non-brokered private placement of 100,000,000 Class A Subordinate Voting Shares at a price of $0.16. The financing round will allow the Company to accelerate the development and marketing of its mobile sports platforms while further expanding its advertising sales and marketing capabilities in the United States. …Read More →