On Tuesday, Following U.S. Stocks were among the “Top Losers”: Millennial Media Inc. (NYSE:MM), Vantage Drilling Corporation (NYSEMKT:VTG)
- Millennial Media Inc. (NYSE:MM)’s with shares dwindled -6.92%, closed at $1.48.
- Vantage Drilling Corporation (NYSEMKT:VTG), with shares declined -6.74%, settled at $0.33.
Latest NEWS regarding these Stocks are depicted underneath:
Millennial Media Inc. (NYSE:MM)
Millennial Media Inc. (MM), the leading independent mobile advertising marketplace, stated financial results for the fourth quarter and full year ended December 31, 2014.
Financial Results for the Full Year 2014:
Proceed: For the full year 2014, proceed was $296.2 million contrast to $259.2 million for the full year 2013.
Gross Margin: For the full year 2014, gross margin was 39.3% contrast to gross margin of 40.3% for 2013.
Net Revenue (Loss): For the full year 2014, net loss, on a GAAP basis, was $(149.1) million, and comprises an impairment write-down on goodwill and intangible assets of $93.5 million, contrast to net loss of $(15.1) million for the full year 2013.
Adjusted EBITDA: For the full year 2014, Adjusted EBITDA was a loss of $(19.4) million contrast to Adjusted EBITDA of $9.0 million for the full year 2013.
Net Revenue (Loss) per Share: For the full year 2014, on a GAAP basis, basic and diluted net loss per share was $(1.36), and comprises the impairment write-down on goodwill and intangible assets of $(0.85) per share, contrast to $(0.18) for the full year 2013.
Non-GAAP Net Revenue (Loss) Per Share: For the full year 2014, non-GAAP net loss per share was $(0.18), contrast to non-GAAP net revenue per ordinary share of $0.10 for the full year 2013.
Millennial Media is the leading independent mobile marketplace, making mobile advertising simple for the world’s top brands, app developers, and mobile web publishers. Millennial Media’s unique data and technology assets enable its advertising clients to connect with their target audiences at scale.
Vantage Drilling Company (NYSEMKT:VTG)
Vantage Drilling Company (VTG), reports net revenue for the three months ended December 31, 2014 of $12.6 million or $0.04 per diluted share as contrast to earnings of $30.3 million or $.09 per diluted share for the three months ended December 31, 2013. The three months ended December 31, 2014 comprises a gain on the early retirement of debt of about $4.2 million.
The $4.2 million gain on the early retirement of debt represents the discount to the face value of debt that we purchased in the open market, net of writing off deferred financing costs. The total debt retirement for the quarter, counting planned maturities and open market purchase of debt, totaled about $60.6 million at face value.
For the twelve months ended December 31, 2014, Vantage reports record net revenue of about $38.3 million or $.12 per diluted share, not including net gains from the early retirement of debt of about $3.8 million as contrast to net revenue of about $16.5 million or $.05 per diluted share, not including about $98.3 million of charges for the early retirement of debt. Counting the gains and losses associated with the early retirement of debt, for the twelve months ended December 31, 2014, Vantage reports net revenue of $42.0 million or $.14 per diluted as contrast to a net loss of $81.8 million or ($.27) per diluted share for the same period in 2013.
During 2014, the total debt retirement, counting planned maturities, discretionary Term Loan payments and open market purchases, was about $199.7 million at face value. In connection with our discretionary Term Loan payments and open market purchases, we recognized a net gain on the early retirement of debt of about $3.8 million.
Paul Bragg, Chairman and Chief Executive Officer, commented, “We are happy to declare Vantage accomplished 2014 with record proceeds, EBITDA and net revenue for the year. With strong cash flows, we were able to exceed our targeted debt retirement aim and strengthen the balance sheet.”
Vantage, a Cayman Islands exempted corporation, is an offshore drilling contractor, with an owned fleet of three ultra-deepwater drillships, the Platinum Explorer, the Titanium Explorer and the Tungsten Explorer, in addition to an additional ultra-deepwater drillship, the Cobalt Explorer, now under construction, and four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content of this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
