MAM Software Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal Year 2014
For the six months, the company's revenue was $14,923,000 as compared to $13,237,000 a year ago. Operating income was $1,406,000 compared to $1,961,000 a year ago. Income before provision for income taxes was $1,373,000 against $1,719,000 a year ago. Net income was $1,085,000 compared to $1,408,000 a year ago. Basic and diluted earnings per share were $0.08 as compared to $0.11 per share, for the same period a year ago. Adjusted EBITDA was $2,331,000 against $2,720,000 a year ago.
The company currently anticipates ending fiscal year with an EBITDA of approximately $5 million for fiscal 2014.