Archive for August, 2011

Pilat Media Posts 1H 2011 Loss Due to Fox TV Stations Lawsuit

broadcast technology market research | Posted by Joe Zaller
Aug 31 2011

Pilat Media announced that its revenue for the first six months of 2011 was £10.84m, an increase of 4% versus last year. Operating profit for the first half of 2011 was £1.05m, a decline of 25% versus last year.

The company also announced that it has taken an impairment charge of £2.82m for the lawsuit filed by Fox TV Stations.  Taking this charge into account, the company says it posted a loss of £1.7m during the first half of the year.

Pilat chairman Michael Rosenberg said: “Operationally, the second quarter’s results were in line with our expectations. We were disappointed with FOX TV Station’s Inc. (“FTS”) actions and are taking appropriate measures to deal with their allegations, which we believe have no substance. The results reflect our decision to provide for the sum of approximately £2.8 million carried in our balance sheet as an accrual for sums due from FTS pending clarification of the outcome of this situation.”

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Related Content:

Press Release: Pilat Media Announces Results for the Six Months Ended 30 June 2011

Pilat Media Sued by Fox Television Stations, Files Counter Claim for Breach of Contract

Press Release: Pilat Media Informed by Fox Television Stations of Breach of Contract Suit

Pilat Media Posts Small Loss for First Quarter of 2011

Press Release: Pilat Media Announces Results for the 12 Months Ended December 31 2010

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EVS Reports Q2 2011 Results

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 26 2011

Production and playout video server specialist EVS reported that its revenue for the second quarter of 2011 was €23.4m, slightly higher than the previous quarter, but 22.4% lower than the same period a year ago. Excluding currency fluctuations and big event rentals, which are a major revenue driver for EVS, the company said its revenue decreased 8.1% versus the same period a year ago.

Gross margins for the quarter were 76.9%, down slightly versus both last year and last quarter. The company attributed the dip in gross margins to lower sales absorbing fixed assembling and support costs.

Operating expenses in the quarter increased by 2.15% versus last year due to higher costs associated with the NAB trade show, and increased investments in R&D and customer support.

Operating margins for the quarter were 35%, down from 52.4% in 2Q10, and 39.8% last quarter.

On a segment basis, studio represented 41% of revenue, with outside broadcast making up the remaining 59%.  Studio revenue was €9.6m, down 44% versus last year, while outside broadcast revenue was €13.8m up 5.6% versus the same period a year ago. The company generated €3.6m of world cup-related rental revenue in the quarter, which was split evenly between the studio and outside broadcast segments.

On a geographic basis:

  • Revenue from the EMEA region was €9.5m (41% of total revenue), down 49.5% versus same period a year ago.  The company said the UK and eastern European markets were particularly strong during the quarter.  For the first half of the year, EMEA revenue declined 17.5% versus the same period last year.

 

  • Revenue from the Americas was €7.9m, up 14.4% versus last year and up 68% versus quarter.  The company said that the US market continues to be driven by upgrades of existing to HD, and the building of new OB vans. For the first of the year, Americas revenue declined 13.1% versus the same period year.

 

  • APAC revenue for the quarter was €6m, an increase of 70.1% versus last year, and and increase of 46% versus the previous quarter.   The company said it had a variety of wins in the region including Malaysian operator Astro.  For first half of the year, APAC revenue increased by 23.4% to €10m.

 

Outlook for 2H 2011

EVS management remains positive about the remainder of the year. Company CFO Jacques Galloy said that the company’s order book “looks promising thanks to very strong May and June months. Hence, the Board remains confident that, for 2011, revenue could equal the record level of 2010, even though this is an odd year, without any major event, which represented more than EUR 10 million of rentals in 2010.”

The company says it’s well positioned to take advantage of key macro trends in the broadcast industry including the worldwide migration from tape-based operations to integrated tapeless workflows, the ongoing transition to HDTV operations, and the increasing number of video distribution channels.

Based on these long term drivers, the company says it expects to be able to continue to grow its business and increase market share over the coming years.

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Related Content:

Press Release: EVS Reports Revenue and Results for 2Q11 and 1H11

EVS Q2 2011 earnings presentation to equity analysts

Previous Quarter: EVS Q1 2011 Revenue Increases 8.7 Percent, Anticipating Strong Second Half of 2011

Previous Year: EVS Reports Strong Q2 2010 Results: Revenue up 61.2%, Operating Margins of 52.4%

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Vitec Says Videocom Increases 8.7 Percent, Bexel Declines 22.8 Percent During First Six Months of 2011

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 16 2011

UK-based Vitec Plc, which owns a dozen companies in the broadcast industry, announced its financial results for the first six months of 2011.

The company operates in several markets, including broadcast, photographic and government / military.  This post looks only at those that relate to the broadcast industry – the company’s “Videocom” and “Services” divisions.

Vitec’s Videocom division is comprised of a dozen brands that serve various parts of the broadcast industry: Anton/Bauer, Autoscript, The Camera Store, Litepanels, Microwave Service Company, Nucomm, OConnor, Petrol Bags, RF Central, Sachtler, Vinten and Vinten Radamec.

The company’s Services division is composed solely of broadcast rental & services provider Bexel.

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Videocom Revenue Up, Driven by Success in Russia, the Middle East and Asia

For the first half of 2011 Vitec’s Videocom revenue was £65.9, an increase of 8.7% versus the first six months of 2010. After subtracting a £5.3m contribution from Clear-Com, which was sold to HME in April 2010, organic sales growth at constant exchange rates increased by 22.8%, with double digit sales growth in all business units in the division.

Operating profit for the first six months of 2011 was £6m, an increase of 62.2% versus last year, and an increase of 42.5% in organic terms at constant exchange rates.

Operating margins for first half of the year were 9.1%, an improvement of 3% versus last year, or an improvement of 1.2% in organic terms at constant exchange rates.

The company said its broadcast business grew, particularly in Russia, the Middle East and Asia. However, Vitec’s broadcast sales and rentals in the US market were less buoyant due to “uncertainties over the economy.”

Camera support brands (Vinten, Sachtler and O’Connor) “enjoyed good growth in both the studio and on-location production segments”, driven by capital expenditure projects in the Middle East and Asia.

Robotics (Vinten Radamec) had several strategic wins during the period, including Sky Sports News and France 3.

Vitec said its Litepanels business had strong growth during the period, driven by an increasing number of customers changing from  conventional tungsten lights to new energy and environmentally efficient LED lights especially in the US.

Battery specials Anton/Bauer experienced steady growth in its traditional broadcast and film markets, especially in EMEA, and is “making good progress in identifying and addressing opportunities for the supply of batteries and chargers in the medical market.”

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Services Division — Bexel

Vitec said that revenue at Bexel was £14.2m during the first half of 2011m a drop of 22.8% versus last year (when it reported strong revenues from the Vancouver Olympics). Bexel’s operating profit ropped by £200,000 to break-even.

Significant Bexel contracts during the first half of 2011 include projects for Endemol, Fremantle and ESPN.

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Company CEO Stephen Bird said: “These results confirm that our strategy and its execution in 2011 are on track, which together with continued strengthening of our businesses in the Broadcast and Video and Photographic markets, have enabled us to grow the revenue and operating profits strongly in the first half. Our core Broadcast business has achieved an encouraging sales performance particularly into Russia, the Middle East and Asia.”

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Related Content:

Press Release: The Vitec Group – Half Year Results to 30 June 2011

Vitec First Half 2011 Investor Presentation

Vitec Interim Management Statement, May 2011

Vitec 2010 Full Year results presentation

Vitec Announces 2010 Results: VideoCom Revenue Falls, Services Post Strong Increase

Previous Year: Vitec Plc Reports 1H 2010 Results — Videocom Revenue Down 18%, Bexel Revenue up 45%

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Ranking Broadcast Technology Vendors Part 3 – the 2011 BBS Brand Opinion Leaders League Table

broadcast technology market research | Posted by Joe Zaller
Aug 16 2011

This is the sixth in a series of articles about some of the findings from the 2011 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands.  More than 8,000 people in 100+ countries took part in the 2011 BBS, making it the largest and most comprehensive market study ever done in the broadcast industry.

 

Each year, as part of the Big Broadcast Survey (BBS), we ask broadcast professionals worldwide to rank a variety of technology vendor brands on a wide range of metrics.  We use this information to create a series of reports, which through benchmarking and industry “league tables” enable each vendors to understand its position in the market relative to their the industry as a whole as well as their direct competitors.

In previous articles we wrote about the 2011 BBS Overall Brand Opinion League Table, and the 2011 BBS Net Change in Overall Opinion League Table, which shows how our global sample of broadcast professionals ranked 118 broadcast vendor brands in terms of their overall opinion of these vendors, and also how their opinions have changed over time.

It’s obviously great news for the vendors who are listed in these rankings, and there were quite a few of them.  A total of 43 brands were listed in the 2011 BBS Overall Brand Opinion League Table; and a total of 51 brands were listed in the 2011 BBS Net Change of Brand Opinion League Table.

This post looks at the companies that were listed in both the Overall Opinion and Net Change in Overall Opinion Rankings. In other words, these are the companies whose brands are held in high regard today, and who are perceived to be getting better over time.

Just 30 brands (out of 118) were listed in both sets of rankings, either globally or regionally.

These are shown below.

Please note that these results are shown in alphabetical order, NOT in the order in which they were ranked in the study. 

 

2011 BBS Brand Opinion Leaders League Table:

 

There are a wide variety of companies on this list, including large and small firms; single product and multi-product firms; global and regional players; and audio and video technology providers.

What they have in common is strong brand recognition, and a dynamism that 2011 BBS respondents feel is making them even stronger.

Let’s look specifically at the how these companies and their products were ranked in the 2011 BBS, beginning with products and technology.

As shown in the chart below, these companies make products in 24 of the 26 product categories that we covered in the 2011 BBS.

The top products for brand leaders are split between audio and video – microphones and video editing.

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2011 BBS Brand Opinion Leaders League Table — Frequency of Product Categories:

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So is it possible that brand leadership can be predicted by the type of product that an organization produces? Interestingly this list is split fairly evenly between audio and video companies.  There’s also a healthy mix of hardware versus software.

What about the number of products that a vendor offers. Larger companies offer more products and are consequently used in more places than their smaller counterparts.  Let’s look at the number of product categories that each of these brands produces (as defined by the segmentation used in the 2011 BBS).

The table below shows the number of 2011 BBS product categories produced by each brand.

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2011 BBS Brand Opinion Leaders League Table — Number of 2011 BBS Product Categories per Brand:

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While there are several brands on this list that appear in many product categories, the vast majority produce only one or two types of products.  Indeed out of the thirty brands in this table, nearly 2/3 appear only once.

Keep in mind that companies who produce only one type of product are not necessarily small.  There are some very large companies on the list above who appear in just one 2011 BBS category.

It turns out that to fully understand what drives brand opinion and brand leadership, one needs to look at the factors that drive and influence these perceptions.  This includes the company’s reputation for things like innovation, reliability, quality, value and great customer service.

We’ll be looking at each of these factors in future articles, so stay tuned.

Please keep in mind when reviewing this information that all data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2011 BBS.  Also, the charts in this posting measure the responses of all non-vendor participants in the 2011 BBS respondents, regardless of their company type, company size, geographic location, job title and budget for broadcast technology products.  Finally please note that this study evaluated a total of 118 brands.

 

In order to get full value from this data, it is necessary to evaluate these results on a granular basis.  If you would like more information, please contact Devoncroft Partners.

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This article is based on the findings from the 2011 Big Broadcast Survey (BBS), a global study of industry trends, technology purchasing behavior and the opinion of vendor brands.  With more than 8,000 people in 100+ countries participating, the 2011 BBS is the largest and most comprehensive market study ever done in the broadcast industry.

 

Devoncroft Partners has published a variety of reports from 2011 BBS data.  For more information, please get in touch.

 

Related Content:

Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

Where is Money Being Spent in the Broadcast Industry in 2011? The 2011 BBS Broadcast Industry Global Project Index

Tracking Changes in Broadcast Industry Trends — 2011 Versus 2010

Broadcast Industry’s Most Comprehensive Market Study Reveals Top Trends of 2011

More Information About the 2011 Big Broadcast Survey from Devoncroft Partners

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ViewCast Posts Loss for Q2 and 1H 2011 on Slightly Higher Revenues

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 15 2011

ViewCast Corporation reported that its revenue for the second quarter of 2011 was $4.3m, an increase of 2.7% versus the same period a year ago, and up 14.7% versus the previous quarter

The company attributed its improved top-line performance to growth in its Osprey PC card platform, which it said increased by 23% versus last year.

Net loss for the quarter was $378,000, similar to the $390,000 loss last year, but an improvement on the $791,000 loss in the first quarter of 2011.  On a non-GAAP basis, the company an EBITDA loss of $142,000, essentially flat with last year. The operating loss for the quarter was $315,000, a slight improvement versus a loss of $340,000 last year and much better than the operating loss of $750,000 last quarter.

 

1H 2011 Results:

For the first six months of 2011, ViewCast had revenue of $8m, an increase of 18% versus last year.

The company’s net loss for the six-months 2011 was $1.2m, and the operating loss was $1.1m, compared to a net loss of $701,000 and an operating loss of $624,000 last year.

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Related Content:

ViewCast press release: ViewCast Reports 2011 Second Quarter, Six-Month Results

ViewCast Replaces CEO

Previous Quarter: ViewCast Reports Higher Losses in First Quarter of 2011

Previous Year: ViewCast Q2 2010 Revenues Up, Losses Down

You can learn more about ViewCast’s business and strategy here: ViewCast Corporate Presentation

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My New Part-Time Role with the IABM

broadcast technology market research | Posted by Joe Zaller
Aug 15 2011

As you may have seen from this press release, I’ve recently agreed to join the IABM on a part-time basis as the North American development officer.

After the announcement went out, I received many much-appreciated notes of congratulations. A few people also wanted to know what this means, so I thought I’d take a few minutes to explain.

For those who are not aware of the IABM, it’s the trade group that represents broadcast and media technology vendors worldwide.  I’ve been involved with the IABM for many years from when I worked for broadcast tech vendors, including a stint on the member’s board from 2006 – 2008.

I’m a fan of the IABM and I think it’s a very worthwhile organization.  It provides an array of unique services to its members as well many opportunities for networking.

When I started Devoncroft Partners one of the first things I did was form a partnership with the IABM. As a result, we offer IABM members generous discounts on our syndicated market research reports, and the IABM sells our BBS Global Market Report. In addition to this formal arrangement, we’ve remained close to the IABM and have participated in many of its activities over the past few years.

When Peter White (Director General of the IABM) asked me if I was interested in helping the IABM in the Americas I was concerned about any potential for perceived conflict of interest because both Devoncroft and the IABM produce and sell broadcast industry market intelligence.  Peter and I discussed this at length, and I also talked to many people in the broadcast industry including colleagues and clients.  The people I talked with were universally positive about the opportunity and no one thought there was any conflict of interest. Based on this positive feedback, and my belief that I can make a difference for the IABM in the Americas, I decided to sign on with them.

The aim of this role is to help the IABM increase its visibility in the Americas, and also to help them promote and sell their various research offerings.  This fits in nicely with our existing business at Devoncroft as it continues to grow, expand and take on new clients and projects. My view is that this move will benefit both Devoncroft and the IABM as we move forward.

2011 BROADCAST RESEARCH FINDINGS

broadcast technology market research | Posted by Joe Zaller
Aug 12 2011

Selected Market Research Findings from the 2011 Big Broadcast Survey

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Ranking Broadcast Technology Vendors Part 5 – the 2011 BBS Broadcast Technology Vendor Quality League Table

Ranking Broadcast Technology Vendors Part 4 – the 2011 BBS Broadcast Technology Vendor Innovation League Table

 

Ranking Broadcast Technology Vendors Part 3 – the 2011 BBS Brand Opinion Leaders League Table

 

Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

 

Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

 

Yet Another NAB 2011 Trend – Broadcast Vendor M&A

 

Where is Money Being Spent in the Broadcast Industry in 2011? The 2011 BBS Broadcast Industry Global Project Index

 

NAB 2011 And The Investment Banker’s View of the Broadcast Technology Industry

 

Tracking Changes in Broadcast Industry Trends — 2011 Versus 2010

 

Broadcast Industry’s Most Comprehensive Market Study Reveals Top Trends of 2011

 

The 2011 Big Broadcast Survey – Now Available

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Miranda Reports 35 Percent Revenue Growth, Strong Profit in Q2 2011

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 11 2011

Miranda Technologies reported that its revenue for the second quarter of 2011 was C$43.2m, an increase of 35% versus Q2 2010, and up 9% versus the previous quarter.

The company attributed its sales growth in the quarter to higher revenue in all geographies, with sales in Canada, the United States, the United Kingdom and Other Countries increased 198%, 44%, 93% and 3% respectively over 2010.  Miranda also said its revenue was boosted by the acquisition of OmniBus, which was close in late 2010.

Net profit was C$3.5m, flat versus Q2 2010.  Net cash flows generated from operating activities were C$1.1m for the quarter. EBITDA was C$7.4m for the quarter, up 23% over 2010. EBITDA as a percentage of sales was 17%.

Gross profit as a percentage of sales was 59%, down slightly from 60% last year, largely due to the unfavorable impact of foreign exchange compared to 2010, but partially offset by the sale of higher margin products from OmniBus.

SG&A jumped 23% versus Q2 2010 to C$15.1m.  Miranda attributed the increase to higher sales and amortization costs associated with the acquisition of OmniBus, along with higher selling expenses. SG&A as a percentage of sales was 35%, down from 38% last year.

R&D expenses were C$7.0m or 16% of sales for the quarter, compared to $6.1m million and 19% respectively in 2010. The increase was largely due to higher R&D and amortization costs associated with the OmniBus acquisition.

Miranda CEO Strath Goodship issued and upbeat statement saying “Business momentum has clearly grown over the past year, resulting in notable gains in revenue and profitability. We are seeing strong organic growth and we continue to make good progress with our IT-based playout offerings,
where we are a clear leader. The improving television markets we have enjoyed in recent quarters continue to strengthen in several parts of the world, furthermore, our position is building in emerging markets, while our competitive edge extends in developed markets with our IT-based playout and monitoring technology growth platforms. This combined with our strong financial position and some key upcoming events, such as the 2012 Olympics and US elections, should further support our business and allow us to profitably gain further market share.”

 

Related Content:

Press Release: Miranda Reports Second Quarter 2011 Results: Revenue and Profitability Remain Strong

Miranda Q2 2011 Management’s Discussion and Analysis (MD&A) Filing

Previous Quarter: Miranda Reports Thirty-Seven Percent Revenue Increase in Q1 2011

Previous Year: Miranda’s Q2 Earnings Increase as Expenses Fall, Sees Increased Order Activity

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Vizrt Q2 2011 Profit Triples as Revenue Jumps 32 Percent

broadcast technology market research, Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 11 2011

Vizrt reported that its revenue for the second quarter of 2011 was $32.1m, an increase of 32% versus the same period a year ago, and up 15% compared to the previous quarter. The results were well above consensus estimate by analysts, and drove the company’s shares 5% higher on the day the results were released.

Net profit for the quarter was $4.5m, an increase of 322% versus last year, and up 111% compared to last quarter.

Gross margins in the quarter were 62%, up from 62% last year and 65% last quarter.  EBITDA was $6.4m for the quarter, an increase of 65% versus the second quarter of 2010 and an increase of 61% versus last quarter.

Broadcast graphics (BG) contributed $23.7m, or 74% of total revenue in the quarter. BG revenue increased 39% versus last year and was up 19% versus the previous quarter.

Media Asset Management (MAM) revenue in the quarter was $5.5m, an increase of 10% versus both last year and the last quarter.

Online and mobile revenue was $2.9m, up 38% from Q2 2010 and down 1% versus last quarter.

 

1H 2011 Results

Revenue for the first six months of 2011 was $60.1m, up 25% versus the same period in 2010. All business areas contributed to the revenue growth, with the strongest performance in BG and ONL.  Geographically, APAC led growth with 48%, compared to H1 2010.

BG revenues in H1 2011 accounted for 73% of total revenues and were up 26% versus the first six months of 2010. MAM accounted for 17% of total
revenue in H1 2011 and were up 11% versus 1H 2010. Online and mobile grew 57% in 1H 2011 versus the first six months if last year, and accounted for more than 10% of total revenue in the period.

Vizrt CEO Martin Burkhalter issued an upbeat statement saying “We are obviously pleased we have again managed to achieve record revenue levels, but perhaps even more pleasing is our bottom line performance, which saw a significant improvement, not only year on year, but also quarter on quarter.  It is clear that our strategic decisions and subsequent investments of the past couple of years are paying off.  Our combined and integrated product offering, supported by a strong commercial regionalization strategy, have allowed us not only to increase sales to existing customers but also reach a significant number of new ones.”

Commenting on the market conditions, Burkhalter added: “So far, the fiscal and macroeconomic challenges in the public sector of some European countries and the US have not had any visible negative impact on market conditions.  We do however see a growing concern related to rising public debt and signs of slower economic growth in certain regions that could, in the mid or long-term, have an impact.  That said, our performance has been very strong, and the signs for the second half of 2011 are positive.  We therefore expect to achieve stable growth for the second half of this year.”

 

Related Content:

Press release:  Vizrt Reports H1 and Q2 2011 Results

Vizrt Q2 & 1H 2011 Investor Presentation

Previous Quarter: Vizrt Revenue Up 18 Percent in Q1 2011, CEO Says Company Has Entered Phase of Strong and Stable Growth

Previous Year: Vizrt Announces Q2 and 1H 2010 Results

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Kit Digital Reports Wider Losses as Revenue Doubles in Q2 2011

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Aug 09 2011

KIT digital, reported that its revenue for the second quarter of 2011 was $48.2m, an increase of 40% versus the previous quarter and an increase of 109% versus the same period a year ago. The company said the increase in revenue is attributed to both organic growth and the contribution of newly acquired companies.

The GAAP net loss for the quarter was $19.8m versus a GAAP net loss of $12.5m last year, worse than expected by analysts. The company said that the quarterly loss included more than $12m in net non-cash charges.

Revenue from the company’s Europe, Middle East & Africa (EMEA) region constituted more than 50% of the total during the second quarter, with the remainder approximately split between the Americas and Asia-Pacific regions.

The company said it added more than 35 net new clients during the quarter, with an average revenue per month per customer (ARPU) of more than $30,000.  Kit digital’s had  more than 2,300 customers at June 30, 2011.

“Our pace of internal growth strengthened during the quarter, driving annualized organic revenue growth within our 30-35% target range,” said Kaleil Isaza Tuzman, chairman and CEO of KIT digital. “KIT digital continues to operate in the ‘sweet spot’ of the global transformation of traditional broadcast television and one-way video communications to multi-screen, OTT and social video solutions.”

 

Guidance:

The company said it expects revenues in Q3 2011 to be more than $61m, impling an organic growth rate of approximately 40% annually relative to Q2 2011, after back-dating acquisitions completed in Q2 to the beginning of the quarter. For the full year of 2011, the company reaffirmed its revenue guidance of approximately $210 million, which would represent an increase over 2010 of more than 95% overall and more than 30% organically.

Management also continues to expect an operating EBITDA margin target of 23% for the full year of 2011, with the goal of achieving in the vicinity of a 30% EBITDA margin on a monthly basis by the end of 2012.

 

 

Related Content:

Press release: KITdigital Reports Record Q2 2011 Results

KIT digital Revenues Jump 98%  in Q1 2011, Says M&A Phase is Over and Company Will Now Focus on Organic Growth Strategy

More Broadcast Vendor M&A: Kit Digital Buys ioko for $79.4m, Completes Buying Spree

KIT digital Reports Q4 and Fiscal 2010 Results, Raises Guidance, Says Big M&A Deal Still on Track

More Broadcast Vendor M&A: KIT digital Acquires Polymedia for $34.4m

More Broadcast Vendor M&A: Kit Digital Buys Three Companies for $77m, Says larger Acquisition is Coming

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