NeoMedia Announces Q2-2013 Results
Mobile Barcode Pioneer Reports 262% revenue growth
Boulder, Co.—August 5, 2013 -- NeoMedia Technologies, Inc. (OTC BB: NEOM), the
pioneer in global mobile barcode management solutions, today announced its
financial results for the second quarter of fiscal year 2013. NeoMedia’s revenue increased by approximately
262 percent from Q2-2012 due to the continued adoption of its barcode scanning
app, NeoReader®, its barcode management platform, NeoSphere™ and self service
QR creation platform QodeScan™, and its new license agreements.
NeoMedia generated $2.27 million in revenues for
the first half of fiscal year 2013 and $1.67 for Q2‑2013. NeoMedia recorded a
net loss of $21.28 million; approximately $21.29 million of which arose from
non-cash, other income (expense). For
H1-2013, NeoMedia had an operating income of $6,000 versus a net loss for the
same period last year of $1.8 million.
The Company believes that this growth is a direct
result of the growing market for and interest in QR codes as well as the company’s
ability to re-align its operations and business strategy to meet the changing
needs of today’s digital marketer and mobile application developer. The company
saw an increase in its customer agreements for its IP licenses and 2D Core
products.
“NeoMedia is announcing the strongest results in
our recent history,” said Laura Marriott, CEO, NeoMedia. “We are able to
announce our first ever operating income with $514k for Q2, something our team
is very proud of and we are thankful to have such a supportive and strong
customer base.”
Management attributes NeoMedia’s revenue growth
primarily to an increase in IP licenses to a total of 20; greater interest in
NeoReader SDK integration into brand and retailer applications, in addition to
the launch of QodeScan, NeoMedia’s self-service code creation product available
at http://www.qodescan.com.
About NeoMedia
NeoMedia Technologies, Inc. is a
pioneer in QR and mobile barcode technology and infrastructure solutions that
enable the mobile barcode ecosystem worldwide. Its solutions have transformed
approximately 40 million mobile devices with cameras across 193 countries into
barcode scanners, enabling a range of practical and engaging applications. With its suite of products, services and
extensive IP portfolio, NeoMedia is able to offer customers a comprehensive
end-to-end mobile barcode solution. NeoMedia’s current customers include
international brands, agencies and handset manufacturers. The company also has a growing portfolio of
patent licensees including Microsoft and Kraft Foods Group, Inc. Learn more at www.qode.com
or one of our online destinations: LinkedIn, Twitter, and, Pinterest.
Safe Harbor Statement
Certain statements made in this press release
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities and
Exchange Act of 1934, as amended that are intended to be covered by the
"safe harbor" created by those sections. Forward-looking statements,
which are based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect,"
"may," "will," "should," "could,"
"seek," "intend," "plan," "estimate,"
"anticipate" or other comparable terms. Forward-looking statements in
this press release may address the following subjects among others: statements
regarding the sufficiency of our capital resources, expected revenues, expected
expenses and our expectations concerning our business strategy. Forward-looking
statements involve inherent risks and uncertainties which could cause actual
results to differ materially from those in the forward-looking statements, as a
result of various factors including those risks and uncertainties described in
the Risk Factors and in Management's Discussion and Analysis of Financial
Condition and Results of Operations sections of our most recently filed Annual
Report on Form 10-K. We urge you to consider those risks and uncertainties in
evaluating our forward-looking statements. We caution readers not to place
undue reliance upon any such forward-looking statements, which speak only as of
the date made. Except as otherwise required by the federal securities laws, we
disclaim any obligation or undertaking to publicly release any updates or
revisions to any forward-looking statement contained herein (or elsewhere) to
reflect any change in our expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.
For questions about this release, please contact Barry Baer or Laura
Marriott at +1-303-546-7946, ir@qode.com
