RetailMeNot, Inc.NASDAQ
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  • Thu, Apr. 7, 4:57 PM
    • RetailMeNot (SALE -3.4%) has acquired a secondary gift-card marketplace, and updated its 2016 guidance after some preliminary Q1 results.
    • The company has acquired GiftCard Zen for $22M plus an $11M deferred payment contingent on performance targets and retaining a key employee. GiftCard Zen, which resells gift cards at a discount to face value, will continue operating out of Phoenix with its management team reporting to RetailMeNot's Lou Agnese.
    • For Q1, it expects overall net revenues at $54M-$54.5M, vs. its previous guidance of $49M-$54M and consensus of $52.4M. Net income incorporates an impairment of $832,000 and is expected at -$100,000 to $100,000.
    • For the full year, RetailMeNot raised guidance for revenue to $228M-$241M (vs. consensus $233.9M), and for EBITDA to $52M-$63M (vs. consensus $56.1M). At the midpoint of guidance, EBITDA margins would be 24.5%.
    • Shares are flat so far in after-hours trading.
    • Now read RetailMeNot: Too Cheap To Ignore »
    | Thu, Apr. 7, 4:57 PM | 1 Comment
  • Jul. 29, 2013, 11:38 AM
    • Kara Swisher reports Lexity, founded by ex-Yahoo engineer Amit Kumar, is close to being Yahoo's (YHOO -0.7%) 19th acquisition in the Marissa Mayer era.
    • Lexity provides apps that analyze e-commerce sites and apps, and deliver features such as targeted ad placements, shopping search engine listings, and and live chat tools.
    • Investor interest in e-commerce services platforms has grown lately, as evidenced by the strong IPOs delivered by ChannelAdvisor (ECOM -1.7%) and RetailMeNot (SALE).
    • Google, Amazon, and eBay are each ramping their efforts to provide e-commerce ad solutions to smaller merchants. Yahoo, which caters to merchants via Yahoo Shopping, might not want to be left out.
    | Jul. 29, 2013, 11:38 AM | 1 Comment