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Wednesday 10 June 2015
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Four Stocks That Fell Friday: RMG Networks Holding (NASDAQ:RMGN), El Pollo LoCo Holdings Inc (NASDAQ:LOCO), hhgregg, (NYSE:HGG), Viggle (NASDAQ:VGGL)

On Friday, RMG Networks Holding Corporation (NASDAQ:RMGN)’s shares declined -26.90% to $1.06.

RMG Networks Holding Corporation (RMGN) Reports First Quarter 2015 Results

First Quarter Highlights

  • Total revenues from ongoing operations1of $9.3 million; narrowed adjusted EBITDA loss from ongoing operations1, 2 to $1.6 million from $2.8 million in the first quarter of 2014
  • Enterprise products and professional services revenues up 8.3% and 5.6% year-over-year, respectively
  • Accomplished ‘Six New Products in Six Months’initiative, bringing to market four additional Enterprise business solutions
  • Successfully accomplished a $25 million private placement, eliminating its senior debt facility and adding $9.6 million in net cash proceeds to the balance sheet
  • Subsequent to quarter-end, designated two key hires in Jana Ahlfinger Bell, Chief Financial Officer, and Chuck Corbin, Head of North American Sales

RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks™, a leading provider of technology-driven visual communications solutions, recently declared its financial results for the first quarter ended March 31, 2015.

RMG Networks Holding Corporation provides enterprise-class digital signage solutions and media applications. It offers a suite of products, counting media services, proprietary software, software-embedded hardware, maintenance and support services, content and creative services, installation services, technical services, and third-party displays.

El Pollo LoCo Holdings Inc (NASDAQ:LOCO)’s shares dropped -15% to $24.70.

El Pollo LoCo Holdings Inc (LOCO) declared financial results for the 13-week ended April 1, 2015.

Highlights for the first quarter ended April 1, 2015, contrast to the first quarter ended March 26, 2014 were as follows:

  • Total revenue raised 11.1% to $90.4 million contrast to $81.4 million.
  • System-wide comparable restaurant sales grew 5.1%, counting a 3.5% enhance for company-operated restaurants, and a 6.2% enhance for franchised restaurants.
  • Net income was $6.8 million, or $0.17 per diluted share, contrast to net income of $5.5 million, or $0.18 per diluted share.
  • Pro forma net income(1)raised 40.1% to $7.1 million, or $0.18 per diluted share, contrast to $5.0 million, or $0.13 per diluted share.
  • Adjusted EBITDA(1)raised 11.6% to $16.6 million.

El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States.

At the end of Friday’s trade, hhgregg, Inc. (NYSE:HGG)‘s shares dipped -12.71% to $4.60.

hhgregg, Inc. (HGG) is partnering once again with Maytag brand to celebrate May is Maytag Month by honoring everyday American heroes. This year, the retailer and appliance manufacturer will honor 10 deserving Americans who have had a profound impact on our country or their community. Each hero will receive a Maytag® appliance and hhgregg gift card to thank them for their commitment. Additionally, hhgregg and Maytag brand are giving away appliances every day in May at www.hhgregg.com/maytag.

This year’s national heroes comprise:

  • Sergeant Kyla Sampsel, active member of the Indiana National Guard and Mom of one. In honor of her heroic service and commitment to her country, hhgregg, Maytag brand and Wish For Our Heroes will salute Sergeant Sampsel with a kitchen makeover featuring new Maytag® appliances, presented alongside a five-star meal prepared by the Lucas Oil Stadium Executive Sous Chef Anthony Puma. Check out the kitchen makeover here.
  • Caroline Johnson of Louisville, KY is also being honored for her work with Twisted Pink. Johnson started the non-profit for metastic breast cancer research, and all proceeds go to the cause. Caroline herself is a survivor of this form of cancer and has dedicated herself to finding a cure.
  • Indianapolis, IN resident Terry Gray is receiving a salute for her work at the Henry County Pregnancy Care Center. Gray donates her time to assist young, new mothers get the support they need during pregnancy while keeping up with her day job as an Administrative Assistant at her church and supporting sick members of her family.

hhgregg, Inc., together with its auxiliaries, operates specialty retail stores, which retail home appliances, televisions, computers, tablets, consumer electronics, home furniture, mattresses, fitness equipment, and related services under the hhgregg name.

Viggle Inc (NASDAQ:VGGL), ended its Friday’s trading session with -11.24% loss, and closed at $3.00.

Viggle Inc (VGGL) during its third quarter of fiscal year 2015 ended March 31, 2015.

Fiscal Third Quarter Highlights

Key Metrics

  • Average monthly total reach for the quarter ended March 31, 2015 was 25.66 million, contrast with 19.35 million for the year-ago quarter, and 26.04 million for the quarter ended December 31, 2014.
  • Average active reach for the F3Q 2015 quarter was 10.59 million contrast with 6.51 million for F3Q 2014, an enhance of 63%, and contrast with 10.46 million for F2Q 2015.
  • Almost one million new users registered on the Viggle platform during the quarter, bringing net registered users to more than 8.95 million, contrast with 4.14 million net registered users as of the end of the year-ago quarter, an enhance of 116 percent.
  • As of the end of F3Q 2015, Viggle users have checked into more than 478 million TV programs and matched more than 146 million songs using the Viggle Music service. Overall, users’ average time in the Viggle app has been nearly 62 minutes per session.
  • As of March 31, 2015, users have redeemed more than 57 billion points for about 4.7 million rewards, an average of 12,182 points per reward redemption. The total retail value of rewards redeemed through March 31, 2015 is about $24.3 million.

Viggle Inc. operates as a mobile and Web-based entertainment marketing platform for media companies, brands, and consumers in the United States. It guides users towards various forms of media consumption with television enhancement, music discovery, entertainment content publishing, and distributed viewing reminders.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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