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Zenterio Reports Fourth Quarter and Fiscal Year 2014 Earnings

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Highlights October – December 2014

  • Deployed license base
    • The VAS (value added services) enabled license base grew by 150% in the fourth quarter, adding some 890 thousand licenses to the accumulated base of 1.5 million
    • The total license base grew by 50% in the fourth quarter, adding some 920 thousand licenses to the accumulated base of 2.7 million
  • Average monthly VAS revenue per deployed license (ARPU) SEK 0 (0)
  • Net sales in the quarter increased 174% to SEK 31.5 million (11.5 million)
  • EBITDA in the quarter were SEK -18.0 million (-24.0 million)
  • Net result in the quarter was SEK -25.7 million (-28.4 million)
  • Zenterio continued to roll-out the new IPTV solution for Telekom Romania that was initiated in the third quarter 2014
  • The Zenterio OS was supplemented with third party features, e.g. Zenterio joined the RDKcommunity, entered a strategic partnership with Metrological and integrated Ekioh’s HTML5 TV browser
  • On December 17, Zenterio completed two share issues of approximately SEK 80 million in total, whereof approximately SEK 60 million in cash
  • On December 18, Zenterio acquired Systemagic, a Linköping-based software company

Highlights January – December 2014

  • Deployed license base
    • The VAS enabled license base grew by 400%, adding some 1.2 million licenses to the accumulated base of 1.5 million
    • The total license base grew by 100%, adding some 1.4 million licenses to the accumulated base of 2.7 million
  • Average monthly VAS revenue per deployed license (ARPU) SEK 0 (0)
  • Net sales in the year increased 38% to SEK 80.3 million (58.3 million)
  • EBITDA in the year were SEK -79.1 million (-62.4 million)
  • Net result in the year was SEK -105.4 million (-90.6 million)

Important post-closing events

  • On April 1, 2015, Zenterio announced that the Board of Directors of the company has appointed Jörgen Nilsson as CEO as of April 2, 2015, and that the company plans for an IPO during 2015.
  • On March 20, 2015, Zenterio announced a new partnership agreement with the specialist digital agency. AdScribe, whereby Zenterio has also become a strategic investor in the company.
  • On January 30, 2015, Zenterio acquired the assets and liabilities of software development and consultancy firm VTilt Digital, now Zenterio Inc.

CEO Comment:

“It has been a very busy and exciting quarter and year for Zenterio, and I am proud to see what we have accomplished. At year-end our VAS (value added service) enabled license base reached 1,5 million, which was according to plan. After several strategic acquisitions, Zenterio now forms a company with a market leading technology combined with best in class know-how. We see how our line of business is getting increasingly important to Pay TV operators as the TV industry is transforming and we are looking forward to another busy year ahead“, says Robin Rutili, CEO of Zenterio.

For full CEO comment and report please visit: http://www.zenterio.com/investor-relations/

For more information, please contact:
Mattias Arnelund; CFO
Email: mattias.arnelund@zenterio.com
Phone: +46 70-789 5812

About Zenterio
Zenterio provides Zenterio OS, an independent software platform for interactive TV that is positioned to become a global standard. Zenterio partners with global system integrators, set-top box suppliers, CA/DRM providers, chipset manufacturers and providers of interactive services. Zenterio has more than 200 employees (25 nationalities). Zenterio has offices in Stockholm, Linköping and Atlanta. Zenterio is owned by private investors and private equity firm Scope. The chairman of the board is former Nokia CEO Mr. Olli-Pekka Kallasvuo. Visit www.zenterio.com

About Zenterio OS
Zenterio’s operating system works with most types of hardware available on the market. For TV operators,  Zenterio's software enables fast harmonization of operators’ fragmented software bases, and it can be used on new and already deployed hardware. With a harmonized solution, operators can quickly and cost-effectively deliver new interactive services to end customers. Besides unrivalled hardware support, Zenterio's software offers market-leading performance and a flexible way to add new features. For system integrators, Zenterio's products facilitate uniform support for their new solutions that enable TV operators’ interactive services. For TV viewers, this means improved experiences, an increased range of services, and greater access to new applications.


Tags:

VAS Interactive TV Zenterio Zenterio OS Robin Rutili

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