DG Fastchannel Posts Record Revenues
February 19, 2008 at 6:30 AM (PT)
DG FASTCHANNEL has reported record financial results for the fourth quarter ended DECEMBER 31st, 2007. The company posted fourth-quarter revenue of $31.0 million compared to $21.7 million in the same period of 2006. Adjusted EBITDA (earnings before interest, taxes, unrealized investment gains, depreciation and amortization) of $10.2 million compared to $7.1 million in the comparable period of 2006.
2007 income from continuing operations of $10.9 million, or $0.64 per diluted share, compared with income from continuing operations of $0.4 million, or $0.04 per diluted share in 2006.
Chairman/CEO SCOTT K. GINSBURG commented, "Improving financial results over the past two years, highlighted by record 2007 fourth-quarter performance, validate the Company's long-term strategic plans. Key benchmarks such as revenues, adjusted EBITDA, and net income demonstrate the Company's focus on operations and success with integrating the acquired companies. Perhaps most importantly, the delivery of high-definition (HD) content -- a barometer of future growth -- resulted in significant volume and revenue increases during the fourth quarter and calendar year 2007."