VRX Worldwide Reports 2013 Third Quarter Results
28 Novembre 2013 - 11:32PM
Marketwired
VRX Worldwide Reports 2013 Third Quarter Results
- Quarterly revenue achieves highest level in 12 quarters;
Strong Service and Licensing revenue contribute
- MediaValet's growth continues quarter over quarter; Adding new
customers in agriculture, healthcare and recreation
- Maturing $250,000 Debenture restructured and renewed for three
years
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2013) -
VRX Worldwide Inc.
(TSX-VENTURE:VRW), a global provider of cloud-based digital asset
management, global photography and content management and licensing
services, is pleased to report its third quarter results for
2013.
Summary of Quarterly Results (Unaudited)
|
|
2013 Q3 |
2013 Q2 |
2013 Q1 |
2012 Q4 |
2012 Q3 |
|
Total revenue |
$ 944,220 |
$ 915,841 |
$ 732,529 |
$ 875,553 |
$ 923,788 |
|
Gross profit |
$ 473,681 |
$ 457,887 |
$ 391,695 |
$ 497,568 |
$ 485,915 |
|
EBITDA |
$ 64,964 |
$ 59,495 |
$ 17,201 |
$ 131,593 |
$ 156,258 |
|
Net income |
$ (54,116) |
$ (58,978) |
$ (78,120) |
$ 53,335 |
$ 56,188 |
|
Earnings per share |
$ (0.00) |
$ (0.00) |
$ (0.00) |
$ 0.00 |
$ 0.00 |
|
Total assets |
$ 1,757,219 |
$ 1,725,068 |
$ 1,748,497 |
$ 1,618,141 |
$ 1,476,084 |
Total revenue achieves its highest level since the third quarter
of 2010 and increases 2% over the 3rd quarter of 2012 as the direct
result of a 10% increase in Licensing revenue. Since the first
quarter of 2013, Licensing revenue has been growing sequentially,
quarter on quarter, due to the continuing success of VRX's digital
asset management division - MediaValet.
"Throughout 2013 we've seen various signs that the global
economy is on the road to recovery. None have been more evident
than the demand for our photography services. For the first time in
many years, we're hiring new photographers to strengthen existing
regions in NA and cover new ones in the Middle East and Asia,"
commented David MacLaren, President and CEO of VRX Worldwide. "On
the digital asset management front, MediaValet continues to
impress, adding new customers in agriculture, healthcare and
recreation and garnering the attention of companies in a wide
variety of industries from all over the world."
The full financial statements and related MD&A are now
available on the Company's website (www.vrxworldwide.com) and on
SEDAR (www.sedar.com).
ABOUT VRX Worldwide Inc.
Through a decade of growth, innovation and an unwavering
commitment to quality, consistency and customer service, VRX
Worldwide is one of the world's leading providers of
content
production, management,
distribution and
licensing
services. To find out more about VRX Worldwide, its
products and services, visit www.vrxworldwide.com,
www.vrxstudios.com and www.mediavalet.co. VRX Studios Inc., is a
wholly owned subsidiary of VRX Worldwide Inc.
(TSX-VENTURE:VRW).
VRX Worldwide Inc.,
per David MacLaren, CEO
"Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
VRX Worldwide Inc.Investor & Public
Relations888.605.0059info@vrxworldwide.comwww.vrxworldwide.com
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