Shares of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) ended Friday session in red amid volatile trading. The shares closed down -0.10 points or -1.29% at $7.67 with 5,011,442 shares getting traded. Post opening the session at $7.75, the shares hit an intraday low of $7.60 and an intraday high of $7.77 and the price vacillated in this range throughout the day. The company has a market cap of $7.03 billion and the numbers of outstanding shares have been calculated to be 1.99 billion shares.
Mobil’nye Telesistemy PAO (ADR) (MBT) on August 18, 2016 announced its unaudited IFRS financial results for the three months ended June 30, 2016.
Key Financial Highlights of Q2 2016
- Consolidated group revenue increased by 5.3% y-o-y to RUB 108.1 bln
- Total revenue in Russia rose by 3.3% y-o-y to RUB 97.4 bln
- Mobile service revenue in Russia increased by 0.1% y-o-y to RUB 72.8 bln
- Sales of goods in Russia increased by 38.7% y-o-y to RUB 10.6 bln
- Active subscriber base increased by 3.5% for the Group to 109.0 mln
- MTS’s proprietary retail network in Russia increased to 5,838 stores
- Revenue in Ukraine increased by 13.5% y-o-y to UAH 2.7 bln
- YTD Free Cash Flow reached nearly RUB 24.0 bln
- Total Group debt fell to RUB 274.5 bln as Net Debt/LTM Adjusted OIBDA remained stable at 1.1x
Mr. Andrei Dubovskov, President and CEO of MTS, commented, “For the period, we are pleased to report strong topline growth of 5.3% as total Group revenue increased to RUB 108.1 bln. Factors that have allowed us to build on our successful 3D strategy and set the pace for the market include: strong retail sales; stable service revenue despite on-going weaker usage in certain mobile market segments; growth in B2C home Internet and pay-tv markets; and growth in Ukraine through the steady adoption of 3G data services.
Shares of Bazaarvoice Inc (NASDAQ:BV) ended Friday session in green amid volatile trading. The shares closed up +0.06 points or 1.23% at $4.95 with 4.90 million shares getting traded. Post opening the session at $4.90, the shares hit an intraday low of $4.85 and an intraday high of $5.10 and the price vacillated in this range throughout the day. The company has a market cap of $415.07 million and the numbers of outstanding shares have been calculated to be 82.84 million shares.
Bazaarvoice Inc (BV) on September 7, 2016 reported its financial results for the first fiscal quarter ended July 31, 2016.
“The first quarter was a very good start to fiscal 2017 as we continued to experience a number of positive trends that suggest the business is turning the corner,” said Gene Austin, chief executive officer and president. “We are well on our way to transforming Bazaarvoice from a ratings and review platform provider to a company that is creating the world’s smartest shopper network. We have three key assets that are all now producing value: our consumer generated content expertise, our network and our shopper data. Our mission going forward is to fully unleash that value to our clients and our shareholders.”
First Fiscal Quarter of 2017 Financial Details
Revenue: Bazaarvoice reported revenue of $50.1 million for the first fiscal quarter of 2017, up 2.5% from the first fiscal quarter of 2016, which consisted of SaaS revenue of $47.8 million and net advertising revenue of $2.3 million.
GAAP net loss and net loss per share: GAAP net loss was $5.1 million, compared to a GAAP net loss of $10.2 million for the first fiscal quarter of 2016. GAAP net loss per share was $0.06 based upon weighted average shares outstanding of 82.2 million, compared to a loss of $0.13 for the first fiscal quarter of 2016 based upon weighted average shares outstanding of 80.2 million.
Adjusted EBITDA: During the first quarter of fiscal 2017 we updated our definition of Adjusted EBITDA to enhance comparability between ourselves and our peers. Adjusted EBITDA is defined as GAAP net loss adjusted for stock-based expense, contingent consideration related to acquisitions, depreciation and amortization (including amortization of capitalized internal-use software development costs), restructuring charges, integration and other costs related to acquisitions, other non-business costs and benefits, income tax expense and other (income) expense, net. Our previous definition of Adjusted EBITDA excluded amortization of capitalized internal-use software development costs from adjusted depreciation and amortization and included capitalized stock-based compensation in stock-based expense. For a reconciliation of Adjusted EBITDA as previously defined to Adjusted EBITDA under our updated definition refer to Note 5 of the “Selected Quarterly Financial and Operational Metrics” table contained herein.
Based on our updated definition, Adjusted EBITDA for the first fiscal quarter of 2017 was $3.9 million compared to a loss of $1.3 million for the first fiscal quarter of 2016. Based on our previous definition, Adjusted EBITDA for the first fiscal quarter of 2017 was $1.9 million compared to a loss of $3.3 million for the first fiscal quarter of 2016.