Nov. 13, 2013, 8:20 AM
Aug. 14, 2013, 8:25 PM
- FAB Universal (FU +5.8%) closed up after releasing Q2 results in the morning. Revenue grew 14.6% Q/Q to $25.9M. (PR)
- The company reiterated full-year guidance for revenue of $98.9M-$102.6M and net income of $19.3M-$20.1M.
- Revenue for the digital business (including Intelligent Kiosk operations) grew 41% Q/Q to $9.6M as FAB added nearly 2K kiosks to bring its total installed base to 16K. Gross profit outpaced top-line growth, up 47% Q/Q.
- CEO Chris Spencer on Fab's growth strategy: "First, push hard to build out our network and strengthen our infrastructure. Second, increase the quantity and variety of digital content that we offer through the kiosk network. Third, ... drive membership growth and advertising revenue." (CC)
Aug. 14, 2013, 7:43 AM
FAB Universal Corp provides sale of digital media through various platforms. Additionally, it licenses its kiosk business & provides podcasts hosting services. Its Software business sells & supports speech recognition and text-to-speech technology.
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