TORONTO, ON--(Marketwired - April 27, 2016) - Engagement Labs Inc. (
"As a company we are in an exciting place as we move forward in 2016. 2015 was a period of transformational change for our business as we expanded our tools and solutions to optimize social media and word-of-mouth marketing initiatives," said Bryan Segal, CEO at Engagement Labs. "Perhaps, the most exciting advancement we have made as a company is the pending launch of our new product -- TotalSocial™ -- in Q2 of this year. TotalSocial is an innovative tool that tracks and measures the conversations happening around a brand both online in social media and through word of mouth conversations."
Overall Performance
For the year ended December 31, 2015, the Company shows a net loss from continuing operations of -$7,230,528 compared to a net loss of -$7,446,872 for the year ended December 31, 2014. Adjusted EBITDA loss from continuing operations decreased by 9% or $413,475 from -$4,414,630 (-218% of sales) for the year ended December 31, 2014 to -$4,001,155 (-70% of sales) for the year ended December 31, 2015. Adjusted EBITDA loss from continuing operations decreased by 43% from -$896,699 (-51% of sales) for Q3 2015 to -$506,876 (-21% of sales) for Q4 2015.
Basic and diluted loss per share was -$0.16 for the year ended December 31, 2015, compared to -$0.49 for the year ended December 31, 2014. Basic and diluted loss per share decreased by 50% from -$0.04 in Q3 2015 to -$0.02 in Q4 2015, and decreased by 85% from -$0.13 in Q4 2014.
Revenue has increased by 184%, from $2,024,730 for the year ended December 31, 2014 to $5,756,126 for the year ended December 31, 2015. Revenue increased by 36% from $1,7444,485 in Q3 2015 to $2,372,296 in Q4 2015 and increased by 211% from $762,447 in Q4 2014.
The gross profit increased by 267% from $600,779 for the year ended December 31, 2014 to $2,206,078 for the year ended December 31, 2015. The gross profit increased by 48% from $709,251 in Q3 2015 to $1,049,680 in Q4 2015, and increased by 247% from $302,173 in Q4 2014. Gross profit as a percentage of revenue has increased from 41% for Q3 2015 to 44% for Q4 2015.
Engagement Labs total assets as of December 31, 2015 amounted to $12,759,323, an increase of $6,765,794 from December 31, 2014.
The Board has approved the issuance of 1,587,915 restricted share units to five employees. One third of the restricted share units vest on each of the first, second and third anniversaries of the date of grant.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Engagement Labs
Engagement Labs (
eValue™ Analytics is the global benchmarking tool for social media scoring. eValue's proprietary data technology offers real-time analysis to measure a brand's social media performance. TalkTrack®, from the Keller Fay Group, an Engagement Labs company, is the only data system to measures the totality of word of mouth -- both online and offline. Engagement Labs maintains offices in Toronto, New Brunswick NJ, Montreal, and London.
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Contact Information:
For media inquiries please contact:
Jessica Dell'Aquila
Marketing Director
Engagement Labs
Jessica.Dellaquila@engagementlabs.com
647-776-4100 ex 214