RMG Networks (RMGN) Reports Q1 Loss of $0.57
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RMG Networks Reports First Quarter 2015 Results
May 14, 2015 6:00 AM EDTDALLAS, TX -- (Marketwired) -- 05/14/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN)
First Quarter Highlights
Total revenues from continuing operations(1) of $9.3 million; narrowed adjusted EBITDA loss from continuing operations(1, 2) to $1.6 million from $2.8 million in the first quarter of 2014 Enterprise products and professional services revenues up 8.3% and 5.6% year-over-year, respectively Completed 'Six New Products in Six Months' initiative, bringing to market four additional Enterprise business solutions Successfully completed a $25 million private placement, eliminating its senior debt facility and adding $9.6 million in net cash proceeds to the... More