DG Fastchannel Q1 Revenues Up
May 9, 2007 at 6:01 AM (PT)
DG FASTCHANNEL INC. first quarter revenue from continuing operations rose 53% (6% pro forma) to $19.9 million, with net income up from $700,000 to $2.3 million (9 to 15 cents/diluted share).
Chairman/CEO SCOTT GINSBURG says, "The record first quarter results continue to demonstrate improving margins and operating efficiencies resulting from our strategy of consolidating the ads industry."
Speaking of the company's guidance for the year, GINSBURG added, "DG FASTCHANNEL’s 2007 revenues on a pro forma basis -- assuming the POINT.360 advertising distribution operations and PATHFIRE operations were acquired effective as of JANUARY 1, 2007, and reflecting anticipated revenue and expense synergies -- will approximate $113 million to $118 million and EBITDA is expected to be in the range of $35 million to $38 million. Further improvements to these numbers can be expected as we move forward with VIEWPOINT and our online initiatives."