Perk.com Releases Q4 and Full Year 2015 Financial Results

- March 11th, 2016

Perk.com Inc. (TSXV:MVI.P) has released its operating and financial results for the fourth quarter and 12-month period ended Dec. 31, 2015. Unless otherwise noted, all amounts are in US dollars.

Perk.com Inc. (TSXV:MVI.P) has released its operating and financial results for the fourth quarter and 12-month period ended Dec. 31, 2015. Unless otherwise noted, all amounts are in US dollars.
According to the press release:

2015 Fourth Quarter Highlights (all comparisons to the same period of the prior year)
Total revenue increased to $17.7 million, an increase of 155%. Gross profit was $9.1 million, or 51% of total revenue. Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) was $4.5 million, an increase of 997% compared to $0.4 million. Net income was approximately $1.3 million, which included $0.8 million in non-recurring transaction costs incurred during the quarter. The Company partnered with NBC Universal to promote the launch of the Esquire Network’s first scripted series, which resulted in a 10% increase in viewership for the Network. In November 2015, the Company expanded its reward platform with the acquisition of SuperRewards, an innovator in alternative payments and virtual rewards. In December 2015, the Company closed the acquisition of Corona Labs Inc. (“Corona”), an established platform for mobile app development which accelerated the distribution of Perk’s SDK to third party developers. In December 2015, the Company entered an asset purchase agreement to acquire the Viggle App, and its related assets which include intellectual property (including Viggle brand and name as well as patents in the rewards category), brand and advertiser relationships, and a direct sales team (the “Viggle Assets”). In the first quarter 2016, the Company completed the transaction.

Click here to read the full press release.

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