Record revenue and profit.
4Q 2013 financial highlights include:
· § Revenues of MUSD 89.6, up 48% versus 4Q12 · § EBIT (excluding one-time extraordinary costs) of MUSD 16.8, up 28% versus 4Q12 · § Adjusted EBITDA* (excluding one-time extraordinary costs) of MUSD 24.0, up 43% versus 4Q12 · § Operating Cash Flow of MUSD 14.9 versus MUSD 16.0 in 4Q12 · § Free Cash Flow of MUSD 12.6 versus MUSD 10.2 in 4Q12
Revenue was MUSD 89.6 in 4Q13 compared to MUSD 60.7 in 4Q12, an increase of 48%.
EBIT, excluding one-time extraordinary costs, was MUSD 16.8 in 4Q13 compared to MUSD 13.2 in 4Q12. EBITDA, excluding one-time extraordinary costs, was MUSD 23.1 in 4Q13 compared with MUSD 16.0 in 4Q12. EBITDA, excluding stock-based compensation expenses and one-time extraordinary costs, was MUSD 24.0 compared with MUSD 16.8 in 4Q12. EBIT, including one-time extraordinary costs, was MUSD 15.7 in 4Q13 compared to MUSD 5.3 in 4Q12.
4Q13 IFRS Net Income was MUSD 49.3 compared to MUSD 2.8 in 4Q12. Non -IFRS 4Q13 Net Income was MUSD 24.1 compared to MUSD 13.7 in 4Q12. The Company's non-IFRS Net Income 4Q13 excludes the effects of MUSD 1.0 in non-cash stock-based compensation expenses, MUSD 1.1 in one-time extraordinary costs, MUSD -29.7 related to changes in contingent consideration, and MUSD 2.4 related to Opera’s Joint Venture in
EPS and fully diluted EPS were
The Company’s net cash flow from operating activities was MUSD 14.9 in 4Q13 compared to MUSD 16.0 in 4Q12. Cash flow from operating activities was impacted positively by strong profitability and negatively by changes in working capital. Opera’s cash balance was impacted positively by net cash flow from operating activities and proceeds from an equity offering of 8 million shares, and negatively by investments in research and development, investment in Opera’s Joint Venture in
· § Mobile Operators
Revenues of MUSD 16.5 in 4Q13, up 57% versus 4Q12
Operator cloud based license/data revenue of MUSD 15.5 in 4Q13 up 55% versus 4Q12
Operator active users reached 104.7 million by the end of 4Q13, up 95% versus the end of 4Q12
· § Mobile Consumers –
Revenues of MUSD 11.0 in 4Q13, up 141% versus 4Q12
Total Opera mobile consumer users reached 270 million at the end of 4Q13, up 18% versus the end of 4Q12
Android users reached 85.2 million at the end of 4Q13, up 85% versus the end of 4Q12
Revenues of MUSD 43.1 in 4Q13, up 120% versus 4Q12
Total mobile advertising impressions managed was 180 billion in 4Q13, up 29% compared to 4Q12
· § Desktop Consumers
Revenues of MUSD 15.4 in 4Q13, down 7% versus 4Q12
Desktop users reached 51 million by the end of 4Q13, down 7% versus 4Q12
· § Device OEMs
Revenues of MUSD 3.3 in 4Q13, down 62% versus 4Q12
1Q FY14 Guidance:
Revenue: Revenue for the company’s first fiscal quarter is projected to be in the range of MUSD 85 to MUSD 88.
Adj EBITDA*: Adjusted EBITDA for the company’s first fiscal quarter is projected to be in the range of MUSD 21 to MUSD 23
Revenue: Revenue for the company’s full fiscal year 2014 is projected to be in the range of MUSD 390 to MUSD 410.
Adj EBITDA*: Adjusted EBITDA for the company’s full fiscal year 2014 is projected to be in the range of MUSD 108 to MUSD 116.
Please find the fourth quarter report (4Q13.pdf), fourth quarter press release (4Q13_Press_release.pdf) and fourth quarter presentation (4Q13_presentation.pdf) attached.
Tel: +47 2369 2400
Tel: +47 2369 2400
Opera products enable more than 350 million internet consumers worldwide to discover and connect with the content and services that matter most to them, no matter what device, network or location. In turn, we help advertisers reach the audiences that build value for their businesses. Opera also delivers products and services to more than 130 mobile operators around the world, enabling them to provide a faster, more economical and better network experience to their subscribers. From family photos and funny videos to business ideas that change the world economy, the internet has always been about discovery. Whether you are a consumer getting online for the first time, or a multinational corporation trying to reach the right audience, Opera can help you discover more online.
This Press Release contains forward-looking statements. These statements include, among other things, statements regarding future operations and business strategies and future financial condition and prospects. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences are covered in the Opera Software FY 2012 Annual Report under the heading "Risk Factors." We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward -looking statements.
*“Adjusted EBITDA” refers to EBITDA excluding stock-based compensation expenses, excluding extraordinary/one-time costs and acquisition costs.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
http://mb.cision.com/Public/1969/9534478/afd94cd53b0fba77.pdf 4Q13 Press release
http://mb.cision.com/Public/1969/9534478/9e82d157a3890523.pdf 4Q13 Presentation
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