Dallas, Texas (November 16, 2011) – StockGuru Shines its Spotlight on CommerceTel Corporation (OTCBB: MFON). The Company is an award-winning provider of proprietary mobile marketing technologies and solutions. It announced yesterday operating results for the third quarter and FY 2011 year-to-date. The Company closed on November 15, 2011, at $1.40, trading in a fifty-two week range of $4.25 to $0.37.
For the third fiscal quarter ended September 30th, 2011, the Company reported revenue of $842,885, which represented an increase of approximately 231% when compared with revenue of $254,273 in the prior-year fiscal quarter ended September 30th, 2010 and an increase of approximately 52% when compared with revenue of $553,108 during the previous quarter of FY2011 ended June 30th, 2011.
For the nine months ended September 30th, 2011, the Company’s revenue increased approximately 125% to $1,536,630, compared to $683,095 during the same period of the previous fiscal year.
“During our third quarter we completed the acquisition of the assets of DigiMark, LLC which included Boomtext and an outstanding client roster. With Boomtext, and our previous strategic acquisitions of the assets of Adsparq, including Txtstation, and Mobivity, we are seeing the immediate organic growth expected by implementing our award-winning, patented technology into the operations and client base of all three acquired assets,” stated Dennis Becker, Chief Executive Officer of CommerceTel.
The Company is estimating revenues of $1M for the current fourth quarter ending December 31st, 2011. Revenues of $1M for the current quarter would result in a quarterly revenue growth rate of 18.6% over the most recent third quarter.
“When you examine the historical revenue performance of these strategic acquisitions, prior to joining CommerceTel, and compare that performance to our recent quarter, the organic growth produced by the combination of these companies with our technology is quite impressive,” continued Becker. “Aside from the results we predicted through enabling these strategic acquisitions with our technology, I credit our team for their success in integrating essentially four companies in just five months.”
Gross profits increased more than 179% to $966,025 (63% of revenue) in the nine months ended September 30th, 2011, compared to $345,738 (51% of revenue) in the nine months ended September 30th, 2010.
The Company also improved its quarterly Adjusted EBITDA performance year-to-date by more than 27% when comparing the third quarter’s Adjusted EBITDA loss of $312,102 to the first quarter Adjusted EBITDA loss of $429,062. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation & amortization, non-cash stock based compensation, and non-cash changes in the fair market value of derivatives, as detailed for the first three quarters of 2011 below.
|Jan – Mar 11||Apr – Jun 11||Jul – Sep 11|
|Net Income or Loss||-728,217||-466,186||-775,578|
|Change In FMV of Derivative Liabilities||-47,693||-159,263||54,134|
|Non-Cash Share Based Compensation Expense||239,403||33,295||82,902|
CommerceTel is an award-winning provider of proprietary mobile marketing technologies and the inventor of C4, a unique, enterprise-grade platform empowering brands to engage mobile consumers via multiple channels. The only system of its kind, C4 is a cloud-based solution providing broad mobile communications and extensive CRM features. It is integrated with multiple tier-one PSTN/ IP carriers and micropayment processing facilities as well as with carrier premium SMS billing systems. Customers include CNN, Disney, Sony Pictures, AT&T, Verizon, USA Network, numerous professional sports franchises, the Golf Channel, and NBC Universal.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements including words such as “seek,” “intend,” “believe,” “plan,” “estimate,” “expect,” “anticipate” and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets as well as the Risk Factors disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 14, 2011 and its Quarterly Reports on Form 10-Q. Further information on CommerceTel’s risk factors is contained in its filings with the Securities and Exchange Commission. CommerceTel does not undertake any duty nor does it intend to update the results of these forward-looking statements.
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at email@example.com. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: firstname.lastname@example.org.
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031