Rhythmone Plc Announces Audited Full Year Financial Year 2017 Results
RHYTHMONE PLC ANNOUNCES AUDITED FULL YEAR FINANCIAL YEAR 2017 RESULTS Company Returns to Full-Year Underlying Profitability led by 28% Growth of “Core” Revenues London, England and San Francisco, CA – 15 May 2017 – RhythmOne plc (LSE AIM: RTHM, “Company” or “Group”), today reports audited results for the year ending 31 March 2017 (“FY2017” or “the Period”). The Company’s FY2017 conference call will be webcast live at https://investor.rhythmone.com at 9:30AM BST; 4:30AM EST; 1:30AM PST. Financial Highlights (Audited) Year ended Year ended 31 March 31 March 2017 2016 (audited) (audited) Change $000 $000 % or $ Operating Metrics: Total Revenue1 175,381 166,716 5% Core Revenue2 149,025 116,058 28% Non-Core Revenue3 26,356 50,658 (48%) Adjusted EBITDA4 1,386 (10,475) $11,861 Cash and Cash Equivalents, and Marketable Securities 75,204 78,486 (4%) Statutory Metrics: Revenue 149,025 116,058 28% Loss from Continuing Operations (14,029) (75,527) $61,499 Loss from Discontinued Operations net of Tax (4,761) (16,726) $11,965 Loss for the year (18,790) (92,253) $73,463 Loss per share attributed to RhythmOne Cents Cents Cents Basic (4.45) (22.88) 18.43 Loss per share from Continuing Operations Basic (3.32) (18.73) 15.41 1 Completed transformational shift to Core mobile, video and programmatic products, resulting in a return to revenue growth and profitability5; Significant growth of Core mobile, video and programmatic products that has driven financial performance across key metrics: – Total revenues1 of $175.4M, 85% from Core products (FY2016: $166.7M,
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