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October 8, 2012
09:02 EDTMEETMeetMe now a single global brand
MeetMe announced that the transition of users to the MeetMe platform is complete. MeetMe is now a single global brand. This transition marks the final step of the November 2011 merger between Quepasa Corporation and Insider Guides, Inc., DBA myYearbook.
News For MEET From The Last 14 Days
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October 7, 2015
08:33 EDTMEETMeetMe raises Q3 revenue view to $14.2M, consensus $12.65M
MeetMe reported preliminary financial results for its third quarter ended September 30. Revenue is expected to be approximately $14.2M, above the company's previously released guidance range of $12.5M-$13M. Adjusted EBITDA is expected to be approximately $5.1M, above the previously released guidance range of $2M-$3M. Q3 adjusted EBITDA will exclude approximately $5.8M of an anticipated one-time write-off of Beanstock Media's accounts receivable balance, which falls outside of the company's normal range of bad debt expense. CFO David Clark said, "We believe our quarterly revenue growth in excess of 20% year over year reflects continued growth in mobile engagement and the effective management of mobile advertising inventory. We significantly increased adjusted EBITDA year over year largely as a result of mobile revenue growth and prudent cost controls. During the quarter, we determined it was necessary to write-off the accounts receivable owed by our previous outsourced inventory management provider, Beanstock Media. This bad debt write-off is a one-time event that falls well outside our normal range of bad debt expense of less than 1% of revenue and should not impact our ability to deliver substantial EBITDA margins going forward. Furthermore, we successfully completed our transition to in-house management in the second quarter at little or no additional cost, and since then have continued to grow both revenue and adjusted EBITDA. We do intend to vigorously pursue repayment of these amounts despite this write-off."
October 6, 2015
09:03 EDTMEETMeetMe names Jonah Harris chief technology officer
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September 29, 2015
09:03 EDTMEETMeetMe board authorizes $1M share repurchase program
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