Engagement Labs Reports Fourth Quarter and Full Year 2015 Financial Results
Q4 Revenue Increased 211% Year over Year
Full Year 2015 Revenue Growth of 184% Year over Year
TORONTO, Ontario — April 27, 2016 – Engagement Labs Inc. (TSXV: EL) today released results for its last fiscal year ended December 31, 2015. Revenues have increased by 184% compared to the year ended December 31, 2014. Revenues for the last quarter ended December 31, 2015 (Q4) increased by 36% compared to previous quarter ended September 30, 2015 (Q3). Adjusted EBITDA loss decreased by 9% compared to previous year ended December 31, 2014. Adjusted EBITDA loss for the last quarter ended December 31, 2015 decreased by 43% compared to previous quarter ended September 30, 2015 (Q3). Audited consolidated Financial Statements and Management Report are available on SEDAR’s website at www.sedar.com.
“As a company we are in an exciting place as we move forward in 2016. 2015 was a period of transformational change for our business as we expanded our tools and solutions to optimize social media and word-of-mouth marketing initiatives,” said Bryan Segal, CEO at Engagement Labs. “Perhaps, the most exciting advancement we have made as a company is the pending launch of our new product – TotalSocialTM – in Q2 of this year. TotalSocial is an innovative tool that tracks and measures the conversations happening around a brand both online in social media and through word of mouth conversations.”
For the year ended December 31, 2015, the Company shows a net loss from continuing operations of -$7,230,528 compared to a net loss of -$7,446,872 for the year ended December 31, 2014. Adjusted EBITDA loss from continuing operations decreased by 9% or $413,475 from -$4,414,630 (-218% of sales) for the year ended December 31, 2014 to
-$4,001,155 (-70% of sales) for the year ended December 31, 2015. Adjusted EBITDA loss from continuing operations decreased by 43% from -$896,699 (-51% of sales) for Q3 2015 to -$506,876 (-21% of sales) for Q4 2015.
Basic and diluted loss per share was -$0.16 for the year ended December 31, 2015, compared to -$0.49 for the year ended December 31, 2014. Basic and diluted loss per share decreased by 50% from -$0.04 in Q3 2015 to -$0.02 in Q4 2015, and decreased by 85% from -$0.13 in Q4 2014.
Revenue has increased by 184%, from $2,024,730 for the year ended December 31, 2014 to $5,756,126 for the year ended December 31, 2015. Revenue increased by 36% from $1,7444,485 in Q3 2015 to $2,372,296 in Q4 2015 and increased by 211% from $762,447 in Q4 2014.
The gross profit increased by 267% from $600,779 for the year ended December 31, 2014 to $2,206,078 for the year ended December 31, 2015. The gross profit increased by 48% from $709,251 in Q3 2015 to $1,049,680 in Q4 2015, and increased by 247% from $302,173 in Q4 2014. Gross profit as a percentage of revenue has increased from 41% for Q3 2015 to 44% for Q4 2015.
Engagement Labs total assets as of December 31, 2015 amounted to $12,759,323, an increase of $6,765,794 from December 31, 2014.
The Board has approved the issuance of 1,587,915 restricted share units to five employees. One third of the restricted share units vest on each of the first, second and third anniversaries of the date of grant.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Engagement Labs
Engagement Labs (TSXV:EL) offers intelligent data, analytics and insights for marketers and organizations to track, measure and benchmark the conversations happening around their brand or industry, both online and offline. These conversations are proven to drive critical business outcomes, including sales, while Engagement Labs’ tools provide the data and actionable insight to help guide business decisions and power marketing effectiveness.
eValue™ Analytics is the global benchmarking tool for social media scoring. eValue’s proprietary data technology offers real-time analysis to measure a brand’s social media performance. TalkTrack®, from the Keller Fay Group, an Engagement Labs company, is the only data system to measures the totality of word of mouth – both online and offline. Engagement Labs maintains offices in Toronto, New Brunswick NJ, Montreal, and London.
For media inquiries please contact:
Marketing Director – Engagement Labs
647-776-4100 ex 214