TORONTO, ONTARIO -- (Marketwired) -- 11/27/14 -- Engagement Labs Inc. (TSX VENTURE: EL) released results for its nine-month period ended September 30, 2014. As previously announced, Engagement Labs changed the Company's fiscal year end to December 31. Therefore, it should be noted that this nine-month period ended September 30, 2014 will be compared to the nine-month period ended August 31, 2013. Revenue has increased by 5% from $1,774,665 for the nine-month period ended August 31, 2013 to $1,859,004 for the nine-month period ended September 30, 2014. Revenue for the quarter ended September 30, 2014 was $809,584, an increase of 49% compared to $542,937 for the previous quarter ended June 30, 2014. For the same comparative quarters, revenue has increased by 67% in the Social Media segment and by 10% in the E-Learning segment. Both, Condensed interim consolidated Financial Statements and Management Report are available on SEDAR's website at www.sedar.com.
OVERALL PERFORMANCE
For the nine-month period ended September 30, 2014, the Company shows a net loss attributable to shareholders of $4,500,873, in comparison to a net loss of $2,530,382 for the nine-month period ended August 31, 2013 and a net loss of $1,540,748 for the nine-month period ended August 31, 2012. Adjusted EBITDA was -$3,588,892 for the nine-month period ended September 30, compared to -$1,645,180 for the nine-month period ended August 31, 2013. Basic and diluted loss per share was -$0.38 for the nine-month period ended September 30, 2014, compared to -$0.39 for the nine-month period ended August 31, 2013. ENGAGEMENT LABS INC.'s total assets as at September 30, 2014 amounted to $8,443,036, an increase of $5,235,426 from December 31, 2013.
About Engagement Labs
Engagement Labs' patented evalue™ Score is the Global Standard for Social Scoring. evalue™ analytics Pro, an enterprise grade social media analytics platform, scores brands between 1-100. evalue™ measures brands' social media and digital marketing efforts. It's composed of a series of metrics and KPI's, among them: engagement, responsiveness and impact, benchmarked against 75,000+ other brands.
Engagement Labs (TSX VENTURE: EL) offers intelligent social data, analytics and insights for organizations that are actively engaging on social networks. Offered as a SaaS or through an API, the evalue™ analytics platform allows brands to measure and maximize the effectiveness of their social media marketing campaigns, as well as measuring that of their competitors, across major social networks Facebook, Twitter and YouTube. Engagement Labs maintains offices in Montreal, Toronto and Paris. www.engagementlabs.com / www.evalueanalytics.com
Disclaimer - Safe Harbour Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements relate to the future financial conditions, results of operations, or business of the Corporation. These statements may be current expectations and estimates about the markets in which the Corporation operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. The results or events predicted in forward-looking statements may differ materially from actual results or events. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, forward-looking statements do not reflect the potential impact of any merger, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.
Neither 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.
Contacts:
Engagement Labs Inc.
Eli Singer
CSO & CMO
+1 514-317-6448 ext 106 / 514-993-8530
eli.singer@engagementlabs.com
Engagement Labs Inc.
Paul Allard
President & CEO
+1 514-831-4245
paul.allard@engagementlabs.com
