thestreet inc (TST) Key Developments
TheStreet, Inc. Names Stephen R. Zacharias to its Board of Directors
Jun 11 15
TheStreet, Inc. appointed Stephen R. Zacharias to the Company's Board of Directors, as previously disclosed. He is currently founder and managing partner of Transact Capital Partners, LLC.
TheStreet Seeks Acquisitions
Jun 11 15
TheStreet, Inc. (NasdaqGM:TST) is seeking acquisitions. Elisabeth DeMarse, Chairman, President, and Chief Executive Officer of TheStreet said, "I am pleased to announce that Stephen Zacharias has joined the Board,” “Stephen's public company experience, financial expertise, and M&A experience will be a tremendous asset to the Company as we continue to execute on our growth strategy, both organically and through acquisition," Elisabeth DeMarse added.
TheStreet, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2015
Jun 1 15
TheStreet, Inc. announced that its board of directors has declared a quarterly cash dividend on the company's common stock. The cash dividend of $0.025 per share of common stock will be payable on June 30, 2015 to all shareholders of record at the close of business on June 15, 2015.
TheStreet, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015
May 7 15
TheStreet, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total net revenue of $16,890,049 against $14,389,078 a year ago. Operating loss was $710,838 against $1,164,603 a year ago. Net loss before income taxes was $744,371 compared with $1,126,125 a year ago. Net loss attributable to common stockholders was $1,073,236 or $0.03 per basic share against $1,222,549 or $0.04 per basic share a year ago. EBITDA was $267,398 compared with LBITDA was $428,742 a year ago. Adjusted EBITDA was $592,384 against $17,888 a year ago. Net cash provided by operating activities was $844,682 against $2,422,178 a year ago. Capital expenditures were $672,791 against $340,785 a year ago. Free cash flow was $171,891 compared with $2,801,393 a year ago.
For the full year 2015, the company expects revenues to grow approximately 12% to between $68 million and $69 million and an adjusted EBITDA between $2.8 million and $3.2 million. Even though, our first quarter performance was better than expected, it is too early in the year to revise guidance upward. Due to seasonality, the timing of certain investments and the rolling in of the operations of BoardEx, we do not expect to show consistent growth in revenue or adjusted EBITDA on a quarterly basis.
TheStreet, Inc., Annual General Meeting, Jun 11, 2015
Apr 29 15
TheStreet, Inc., Annual General Meeting, Jun 11, 2015., at 08:30 Eastern Daylight. Location: at the offices of Orrick, Herrington & Sutcliffe LLP. Agenda: To elect two class I directors; to approve the amendment and restatement of the 2007 Plan; to consider ratification of the appointment of BDO USA, LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to discuss on advisory approval of the compensation of the company's named executive officers.