TORONTO, ONTARIO--(Marketwired - Aug. 29, 2014) - Engagement Labs Inc. (TSX VENTURE:EL) released results for its six-month period ended June 30, 2014. As previously announced, Engagement Labs changed the Company's fiscal year end to December 31. Therefore, it should be noted that this six-month period ended June 30, 2014 will be compared to the six-month period ended May 31, 2013. For the six-month period ended June 30, 2014, revenue has decreased by 16% compared to the six-month period ended May 31, 2013 and by 12% compared to the six-month period ended May 31, 2012. Revenue for the quarter ended June 30, 2014 has increased by 7% compared to previous quarter ended March 31, 2014. For the same comparative quarters, revenue has increased by 28% in Social Media segment and has decreased by 20% in E-Learning segment. Condensed interim consolidated Financial Statements and Management Report are available on SEDAR's website at www.sedar.com
For the six-month period ended June 30, 2014, the Company shows a net loss attributable to shareholders of $2,307,935 compared to a net loss of $1,684,737 for the six-month period ended May 31, 2013 and a net loss of $1,123,834 for the six-month period ended May 31, 2012. Adjusted EBITDA decreased by $994,587 from -$1,000,352 (-80% of sales) for the six-month period ended May 31, 2013 to -$1,994,939 (-190% of sales) for the six-month period ended June 30, 2014. Basic and diluted loss per share was -$0.32 for the six-month period ended June 30, 2014, compared to -$0.27 for the six-month period ended May 31, 2013. ENGAGEMENT LABS INC.'s total assets as at June 30, 2014 amounted to $4,389,669, an increase of $1,182,059 from December 31, 2013.
About Engagement Labs
Engagement Labs offers real-time intelligent social media data, analytics and insights for organizations that are actively engaging on social and digital networks. They extract business intelligence from user generated data (BIG DATA) and transform it into actionable data for corporate clients, brands and social media teams. Engagement Labs created evalue™ analytics, an Intelligent Data on Demand platform for agencies, marketing teams and dashboard providers. Offered as a SaaS or through an API, evalue™ analytics PRO version supports the entire social marketing cycle by providing over 250 comprehensive intelligent metrics to measure social performance and ROI for brands to evaluate and coordinate social media activities across all online channels (social media sites, forums, news and blogs). With headquarters in Montreal, Canada, Engagement Labs also maintains offices in Toronto, Paris and Mexico. The company is listed on the TSX Venture exchange under the symbol (TSX VENTURE:EL). www.engagementlabs.com / www.evalueanalytics.com
Disclaimer - Safe Harbour Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements relate to the future financial conditions, results of operations, or business of the Corporation. These statements may be current expectations and estimates about the markets in which the Corporation operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. The results or events predicted in forward-looking statements may differ materially from actual results or events. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, forward-looking statements do not reflect the potential impact of any merger, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.
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