techDaily.info :: NeoMedia’s Revenue Triples Over Previous Quarter

Wednesday, January 07, 2009

NeoMedia’s Revenue Triples Over Previous Quarter

Posted: 8/9/2006

Posted By:	The Kaminer Group		Contact:	David Kaminer
Phone:	9146841934		Email:	dkaminer@kamgrp.com

First Half Revenues Up Over 500% vs. First Half of 2005

FORT MYERS, FLA., August 9, 2006 – NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in market-driven technologies, has filed its second quarter Form 10-Q with the Securities and Exchange Commission, reporting what its CEO called “a continued dramatic improvement in revenues.”

Charles T. Jensen, NeoMedia’s president and CEO, said this was the first quarter in which all companies acquired by NeoMedia earlier this year (Mobot Inc. of Lexington, Mass., Sponge of London, U.K., Gavitec AG of Würselen, Germany, 12snap of Munich, Germany, and BSD Software Inc. of Calgary, Canada) were included for the full quarterly reporting period.

For the second quarter ended June 30, 2006, NeoMedia reported revenues of $6,606,000, a 222% increase over the $2,052,000 reported for the first quarter of fiscal 2006, and more than 1,100% better than the $538,000 reported for the second quarter of fiscal 2005.

The company reported revenues for the first half of 2006 of $8,658,000, or 574% higher than last year’s first half revenue of $1,285,000.

NeoMedia reported net income for the second quarter of $5,133,000 and a loss from operations of $5,913,000, as compared with a net loss of $2,300,000 and a loss from operations of $2,164,000 for the same quarter in 2005, respectively. Net income for the first half of 2006 was $3,815,000 and loss from operations was $10,042,000, as compared with a net loss of $3,519,000 and a loss from operations of $3,544,000 for the first half of 2005.

NeoMedia reported a non-cash income of $11,025,000 and $15,794,000 during the second quarter and first half of 2006, respectively, resulting from a decline in the fair value of derivative financial instruments on its consolidated balance sheet. NeoMedia also implemented Statement of Financial Accounting Standards 123R (SFAS 123R) on January 1, 2006, resulting in a second quarter charge of $1,072,000. Instituted by the Financial Accounting Standards Board, SFAS 123R requires companies to expense stock-based compensation.

NeoMedia Technology: Mobile Marketing Building Blocks for International Companies

Mr. Jensen said that “NeoMedia’s continued dramatic improvement in revenues was driven by subsidiary operations in Europe and Canada, as well as by the parent company and its business units here in the U.S. and abroad. Our subsidiaries continue to do business with giant, international companies, including Kraft and Coca-Cola, who are using NeoMedia’s patented and proprietary technologies as building blocks for their expanding mobile marketing programs.”

About NeoMedia Technologies, Inc.

NeoMedia Technologies, Inc. (www.neom.com), is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offers end-to-end mobile enterprise and mobile marketing solutions, through its flagship qode® direct-to-mobile-web technology and ground-breaking products and services from 4 (shortly to be 5) of the USA’s and Europe’s leading mobile marketing providers. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue – anytime and anywhere.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

Trademarks are properties of their respective owners.

Register now to post your news, events, and career information. All posting, searching and site features are FREE!

Register Now!

Post Your News

Post Your Events

Post Your Job

Post Your Resume

| | | | | | | |

Copyright © 2001-2009 techDaily.info. All Rights Reserved.
Created, Designed & Developed by DataGlyphics, Inc.

Sponsored by YourMembership.com - YourMembership.com's online community solutions create global connections between your organization and its members -- all member communities include: custom design, all features, hosting, future upgrades and customer service at one low monthly fee. And we can have you up and running in 72-hours! Take the online self-guided tour.

YourMembership.com features include: member directory, contact management system, social & professional networking tools, dues payment system, event & conference management, group/chapter homepages, career & mentoring center, extensive member profile system, donation & fundraising system, member blogs & forum, real-time data imports and exports, bulk email, messaging & e-newsletters, photo albums, media galleries & podcasts, online interactive surveys & quizzes, full e-commerce storefront, custom content management, all future upgrades, and much more -- all updatable through a secure backend site administration system. We even provide you a simple way to create your own custom site sections and content.

Contact Us Today for an online tour. The demonstration will show you all aspects of our complete online member community.