We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
(MM) | NASDAQ:RRST | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.233 | 0 | 01:00:00 |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_
|
RR Media LTD.
|
By:
|
/S/ ORNA NAVEH
|
Name:
|
Orna Naveh
|
Title:
|
General Counsel and Company Secretary
|
Exhibit Index
|
·
|
Revenues of $131.2 million, up 7.7% year-over-year despite a negative impact of approximately $1.2 million due to the Euro/Dollar exchange rate. Growth was 8.7% in constant currency.
|
·
|
Non-GAAP net income of $0.35 per share.
|
·
|
GAAP net income of $0.30 per share.
|
·
|
Board declared a cash dividend of $0.07 per share, an aggregate amount of approximately $1.2 million, representing an annual dividend yield of 3.9%.
|
·
|
Revenues of $32.8 million, slightly better year-over-year despite a negative impact of approximately $550,000 due to the Euro/Dollar exchange rate.
|
·
|
Gross margin of 24.0%, up from 23.3% in Q4 2013 and up from 21.9% in Q3 2014 as the company fully resolved the lower utilization of satellite capacity on the company’s global network, with sequential improvements in gross margin in both the third and fourth quarters.
|
·
|
Gross margin for the core business of content management and distribution services reached 25.3%, compared to 24.7% in Q4 2013 and compared to 22.7% in Q3 2014.
|
·
|
Non-GAAP net income of $0.10 per share.
|
·
|
GAAP net income of $0.09 per share.
|
(In Thousands)
|
Q4 2014
|
Q4 2013
|
||||||||||||||||||||||
Content Mgmt. & Distribution Services
|
MSS
|
Total
|
Content Mgmt. & Distribution Services
|
MSS
|
Total
|
|||||||||||||||||||
Revenues
|
$ | 29,913 | $ | 2,889 | $ | 32,802 | $ | 29,450 | $ | 3,027 | $ | 32,477 | ||||||||||||
Gross profit
|
$ | 7,559 | $ | 304 | $ | 7,863 | $ | 7,267 | $ | 313 | $ | 7,580 | ||||||||||||
Gross margin
|
25.3 | % | 10.5 | % | 24.0 | % | 24.7 | % | 10.3 | % | 23.3 | % |
|
·
|
Dial-in number from within the United States: 1-877-741-4239
|
|
·
|
Dial-in number from Israel: 1 80 925 8243
|
|
·
|
Dial-in number from the UK: 0 808 101 7162
|
|
·
|
Dial-in number (other international): 1-719-325-4942
|
|
·
|
Playback, available until March 2, 2015 by calling 1-877-870-5176 (United States) or 1-858-384-5517 (international). Please use pin number 5623660 for the replay.
|
|
·
|
A live webcast is accessible at http://public.viavid.com/index.php?id=112959.
|
Three months ended
|
Twelve months ended
|
|||||||||||||||
December 31
|
December 31
|
December 31
|
December 31
|
|||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Revenues
|
||||||||||||||||
Content Mgmt. & distribution services
|
29,913 | 29,450 | 119,750 | 110,757 | ||||||||||||
Mobile satellite services
|
2,889 | 3,027 | 11,476 | 11,038 | ||||||||||||
Total revenues
|
$ | 32,802 | $ | 32,477 | $ | 131,226 | $ | 121,795 | ||||||||
Cost of revenues
|
||||||||||||||||
Content Mgmt. & distribution services
|
22,354 | 22,183 | 91,215 | 83,227 | ||||||||||||
Mobile satellite services
|
2,585 | 2,714 | 9,961 | 9,086 | ||||||||||||
Total cost of revenues
|
24,939 | 24,897 | 101,176 | 92,313 | ||||||||||||
Gross profit
|
7,863 | 7,580 | 30,050 | 29,482 | ||||||||||||
Operating expenses
|
||||||||||||||||
Sales and marketing
|
3,671 | 2,577 | 13,329 | 9,517 | ||||||||||||
General and administrative
|
1,846 | 3,258 | 9,308 | 12,003 | ||||||||||||
Reorganization expenses
|
236 | - | 236 | - | ||||||||||||
Total operating expenses
|
5,753 | 5,835 | 22,873 | 21,520 | ||||||||||||
Operating income
|
2,110 | 1,745 | 7,177 | 7,962 | ||||||||||||
Financial income (expenses), net
|
(180 | ) | 173 | (541 | ) | (153 | ) | |||||||||
Income before taxes on Income
|
1,930 | 1,918 | 6,636 | 7,809 | ||||||||||||
Income taxes
|
373 | (199 | ) | 1,581 | 1,287 | |||||||||||
Net Income
|
1,557 | 2,117 | 5,055 | 6,522 | ||||||||||||
Net Profit (loss) attributable to non-controlling interest
|
||||||||||||||||
46 | - | (95 | ) | - | ||||||||||||
Net income attributable to shareholders
|
$ | 1,511 | $ | 2,117 | $ | 5,150 | $ | 6,522 | ||||||||
Basic earnings per share
|
0.09 | 0.12 | 0.30 | 0.38 | ||||||||||||
Diluted earnings per share
|
0.09 | 0.12 | 0.29 | 0.37 | ||||||||||||
Weighted average number of shares used to compute:
|
||||||||||||||||
Basic earnings per share
|
17,387,477 | 17,346,561 | 17,365,608 | 17,346,561 | ||||||||||||
Diluted earnings per share
|
17,706,736 | 17,575,251 | 17,671,975 | 17,571,188 |
Three months ended December 31
|
Twelve months ended December 31
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Reconciliation of GAAP Net Income to Non-GAAP Net Income:
|
||||||||||||||||
GAAP Net income attributable to shareholders
|
$ | 1,511 | $ | 2,117 | $ | 5,150 | $ | 6,522 | ||||||||
Adjustments to reconcile GAAP net income
|
||||||||||||||||
to non-GAAP net income:
|
||||||||||||||||
Non-cash equity-based compensation charge
|
173 | 143 | 694 | 567 | ||||||||||||
Amortization of acquisition related intangible assets
|
155 | 190 | 671 | 425 | ||||||||||||
Changes in fair value of currency conversion derivatives
|
(130 | ) | 42 | (345 | ) | 192 | ||||||||||
Acquisition related expenses
|
- | - | - | 900 | ||||||||||||
Amortization of acquisition related prepaid
|
||||||||||||||||
compensation expenses
|
42 | 42 | 168 | 168 | ||||||||||||
Income tax effect of non-GAAP adjustments
|
(25 | ) | (93 | ) | (160 | ) | (470 | ) | ||||||||
Contingent consideration in respect of acquisition
|
(270 | ) | - | (270 | ) | - | ||||||||||
Reorganization expenses
|
236 | - | 236 | - | ||||||||||||
Non-GAAP net income attributable to shareholders
|
$ | 1,692 | $ | 2,441 | $ | 6,144 | $ | 8,304 |
Three months ended December 31
|
Twelve months ended December 31
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Reconciliation of GAAP Operating Income
|
||||||||||||||||
to Non-GAAP operating income:
|
||||||||||||||||
Operating income
|
$ | 2,110 | $ | 1,745 | $ | 7,177 | $ | 7,962 | ||||||||
Adjustments to reconcile GAAP operating
|
||||||||||||||||
income to non-GAAP operating income:
|
||||||||||||||||
Non-cash equity-based compensation charge
|
173 | 143 | 694 | 567 | ||||||||||||
Amortization of acquisition related intangible assets
|
155 | 190 | 671 | 425 | ||||||||||||
Acquisition related expenses
|
- | - | - | 900 | ||||||||||||
Cost of sales related changes in fair value of
|
||||||||||||||||
embedded currency conversion derivatives
|
(5 | ) | (11 | ) | (239 | ) | (135 | ) | ||||||||
Amortization of acquisition related prepaid
|
||||||||||||||||
compensation expenses
|
42 | 42 | 168 | 168 | ||||||||||||
Contingent consideration in respect of acquisition
|
(530 | ) | - | (530 | ) | - | ||||||||||
Reorganization expenses
|
236 | - | 236 | - | ||||||||||||
Non-GAAP operating income attributable to shareholders
|
$ | 2,181 | $ | 2,109 | $ | 8,177 | $ | 9,887 |
Three months ended December 31
|
Twelve months ended December 31
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Reconciliation of GAAP Operating Income to EBITDA:
|
||||||||||||||||
Operating income
|
$ | 2,110 | $ | 1,745 | $ | 7,177 | $ | 7,962 | ||||||||
Adjustments to reconcile GAAP operating
|
||||||||||||||||
income to EBITDA:
|
||||||||||||||||
Non-cash equity-based compensation charge
|
173 | 143 | 694 | 567 | ||||||||||||
Depreciation and amortization
|
2,294 | 2,597 | 9,675 | 9,281 | ||||||||||||
Acquisition related expenses
|
- | - | - | 900 | ||||||||||||
Cost of sales related changes in fair value of
|
||||||||||||||||
currency conversion derivatives
|
(5 | ) | (11 | ) | (239 | ) | (135 | ) | ||||||||
Amortization of acquisition related prepaid
|
||||||||||||||||
compensation expenses
|
42 | 42 | 168 | 168 | ||||||||||||
EBITDA
|
$ | 4,614 | $ | 4,516 | $ | 17,475 | $ | 18,743 |
Three months ended December 31
|
Twelve months ended December 31
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Reconciliation of Non-GAAP operating income to adjusted EBITDA:
|
||||||||||||||||
Non-GAAP operating income
|
$ | 2,181 | $ | 2,109 | $ | 8,177 | $ | 9,887 | ||||||||
Adjustments to reconcile Non-GAAP operating
|
||||||||||||||||
income to EBITDA:
|
||||||||||||||||
Depreciation and amortization
|
2,139 | 2,407 | 9,004 | 8,856 | ||||||||||||
Adjusted EBITDA
|
$ | 4,320 | $ | 4,516 | $ | 17,181 | $ | 18,743 |
Three months ended
|
Twelve months ended
|
|||||||||||||||
December 31
|
December 31
|
December 31
|
December 31
|
|||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Revenues
|
||||||||||||||||
Content Mgmt. & distribution services
|
29,913 | 29,450 | 119,750 | 110,757 | ||||||||||||
Mobile satellite services
|
2,889 | 3,027 | 11,476 | 11,038 | ||||||||||||
Total revenues
|
$ | 32,802 | $ | 32,477 | $ | 131,226 | $ | 121,795 | ||||||||
Cost of revenues
|
||||||||||||||||
Content Mgmt. & distribution services
|
22,345 | 22,187 | 91,397 | 83,329 | ||||||||||||
Mobile satellite services
|
2,585 | 2,714 | 9,961 | 9,086 | ||||||||||||
Total cost of revenues
|
24,930 | 24,901 | 101,358 | 92,415 | ||||||||||||
Gross profit
|
7,872 | 7,576 | 29,868 | 29,380 | ||||||||||||
Operating expenses
|
||||||||||||||||
Sales and marketing
|
3,454 | 2,324 | 12,416 | 8,843 | ||||||||||||
General and administrative
|
2,237 | 3,143 | 9,275 | 10,650 | ||||||||||||
Total operating expenses
|
5,691 | 5,467 | 21,691 | 19,493 | ||||||||||||
Operating income
|
2,181 | 2,109 | 8,177 | 9,887 | ||||||||||||
Financial income (expenses), net
|
(45 | ) | 226 | (387 | ) | 174 | ||||||||||
Income before taxes on income
|
2,136 | 2,335 | 7,790 | 10,061 | ||||||||||||
Income taxes
|
398 | (106 | ) | 1,741 | 1,757 | |||||||||||
Net income
|
$ | 1,738 | $ | 2,441 | $ | 6,049 | $ | 8,304 | ||||||||
Net Profit (loss) attributable to non-controlling interest
|
46 | - | (95 | ) | - | |||||||||||
Net income attributable to shareholders
|
$ | 1,692 | $ | 2,441 | $ | 6,144 | $ | 8,304 | ||||||||
Earnings per ordinary share attributable to shareholders
|
||||||||||||||||
Basic earnings per share
|
0.10 | 0.14 | 0.35 | 0.48 | ||||||||||||
Diluted earnings per share
|
0.10 | 0.14 | 0.35 | 0.47 | ||||||||||||
Weighted average number of shares used to compute:
|
||||||||||||||||
Basic earnings per share
|
17,387,477 | 17,346,561 | 17,365,608 | 17,346,561 | ||||||||||||
Diluted earnings per share
|
17,706,736 | 17,575,251 | 17,671,975 | 17,571,188 |
December 31
|
December 31
|
|||||||
2014
|
2013
|
|||||||
(unaudited)
|
(audited)
|
|||||||
Current assets
|
||||||||
Cash and cash equivalents
|
$ | 13,001 | $ | 14,165 | ||||
Marketable securities and short term investments
|
8,970 | 9,998 | ||||||
Accounts receivable (net of provision for doubtful accounts of $5,323 and $6,938 as of December 31, 2014
|
||||||||
and December 31, 2013, respectively)
|
23,457 | 20,731 | ||||||
Other receivable
|
2,343 | 2,163 | ||||||
Deferred taxes
|
2,038 | 2,095 | ||||||
Prepaid expenses
|
2,839 | 2,868 | ||||||
Total current assets
|
52,648 | 52,020 | ||||||
Long-term assets
|
||||||||
Long-term prepaid expenses
|
3,156 | 3,045 | ||||||
Long-term land lease prepaid expenses
|
7,380 | 7,469 | ||||||
Assets held for employee severance payments
|
1,892 | 2,120 | ||||||
Fixed assets, net
|
45,669 | 46,444 | ||||||
Goodwill
|
11,286 | 11,277 | ||||||
Intangible assets, at cost, less accumulated amortization
|
5,528 | 6,203 | ||||||
Total long-term assets
|
74,911 | 76,558 | ||||||
Total assets
|
$ | 127,559 | $ | 128,578 |
December 31
|
December 31
|
|||||||
2014
|
2013
|
|||||||
(unaudited)
|
(audited)
|
|||||||
Liabilities and shareholders’ equity
|
||||||||
Current liabilities
|
||||||||
Account payable:
|
||||||||
Trade
|
$ | 18,414 | $ | 17,181 | ||||
Other
|
5,482 | 4,815 | ||||||
Deferred income
|
4,867 | 6,037 | ||||||
Total current liabilities
|
28,763 | 28,033 | ||||||
Long-term liabilities
|
||||||||
Deferred income
|
7,714 | 9,076 | ||||||
Liability in respect of employee severance payments and others
|
2,993 | 2,854 | ||||||
Contingent consideration in respect of acquisition
|
3,550 | 3,820 | ||||||
Deferred taxes
|
3,702 | 4,312 | ||||||
Total long-term liabilities
|
17,959 | 20,062 | ||||||
Total liabilities
|
46,722 | 48,095 | ||||||
Shareholders’ equity
|
||||||||
Share capital
|
||||||||
Ordinary share NIS 0.01 par value each (27,000,000
|
||||||||
authorized as of December 31, 2014 and December 31,
|
||||||||
2013, 17,392,072 shares issued and fully paid as of
|
||||||||
December 31, 2014 and 17,346,561 shares issued and fully paid as of December 31, 2013)
|
40 | 40 | ||||||
Treasury Stock
|
(146 | ) | - | |||||
Additional paid in capital
|
54,572 | 53,879 | ||||||
Retained earnings
|
27,400 | 25,723 | ||||||
Accumulated other comprehensive gain
|
(934 | ) | 841 | |||||
Total shareholders’ equity
|
$ | 80,932 | $ | 80,483 | ||||
Non-controlling interest
|
(95 | ) | - | |||||
Total equity
|
$ | 80,837 | $ | 80,483 | ||||
Total liabilities and equity
|
$ | 127,559 | $ | 128,578 |
Three months ended December 31
|
Twelve months ended December 31
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
(unaudited)
|
(unaudited)
|
(unaudited)
|
(audited)
|
|||||||||||||
Net income
|
$ | 1,557 | $ | 2,117 | $ | 5,055 | $ | 6,522 | ||||||||
Adjustments required to reconcile net income to net cash provided by operating activities
|
2,527 | 1,722 | 11,449 | 9,979 | ||||||||||||
Changes in assets and liabilities
|
(1,376 | ) | 4,272 | (6,011 | ) | 4,800 | ||||||||||
Net cash provided by operating activities
|
2,708 | 8,111 | 10,493 | 21,301 | ||||||||||||
Investment in fixed assets
|
(2,183 | ) | (2,908 | ) | (8,389 | ) | (10,904 | ) | ||||||||
Other investing activities
|
289 | (1,012 | ) | 1,261 | (3,444 | ) | ||||||||||
Cash flows from investing activities
|
(1,894 | ) | (3,920 | ) | (7,128 | ) | (14,348 | ) | ||||||||
Purchase of treasury stock
|
(146 | ) | - | (146 | ) | - | ||||||||||
Dividends Paid
|
(1,218 | ) | (520 | ) | (3,473 | ) | (5,030 | ) | ||||||||
Cash flows from financing activities
|
(1,364 | ) | (520 | ) | (3,619 | ) | (5,030 | ) | ||||||||
Translation adjustment on cash and cash equivalents
|
(782 | ) | 68 | (910 | ) | 109 | ||||||||||
Increase (decrease) in cash and cash Equivalents
|
(1,332 | ) | 3,739 | (1,164 | ) | 2,032 | ||||||||||
Balance of cash and cash equivalents
at beginning of period
|
14,333 | 10,426 | 14,165 | 12,133 | ||||||||||||
Balance of cash and cash equivalents
at end of period
|
13,001 | 14,165 | 13,001 | 14,165 |
1 Year (MM) Chart |
1 Month (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions