Score Media Inc., a media company, provides interactive and authentic sports entertainment in Canada. Its primary asset, theScore Television Network, is a national television service providing sports news, information, highlights, and live event programming. The company’s digital media assets include theScore.com and the mobile sports applications, such as ScoreMobile, ScoreMobile FC, and SportsTap. It also offers an optimized application for the BlackBerry PlayBook tablet, which provides access to real time scores, stats, news, live blogs, and original video. The company serves approximately 6.8 million homes. Score Media Inc. was founded in 2000 and is based in Toronto, Canada. As of Octob...
370 King Street West
Toronto, ON M5V 1J9
Founded in 2000
Score Media Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended February 28, 2013
Apr 23 13
Score Media Inc. announced unaudited consolidated earnings results for the second quarter and six months ended February 28, 2013. For the quarter, the company’s revenue was CAD 1,110,000 compared to CAD 701,000 a year ago. Operating loss was CAD 3,280,000 against CAD 1,496,000 a year ago. Net and comprehensive loss was CAD 3,280,000 against CAD 1,625,000 a year ago. LBITDA was CAD 2,620,000 against CAD 1,113,000 a year ago. Loss per share basic and diluted was CAD 0.03 against CAD 0.02 a year ago.
For the six months, the company’s revenue was CAD 2,616,000 compared to CAD 1,716,000 a year ago. Operating loss was CAD 6,015,000 against CAD 3,148,000 a year ago. Net and comprehensive loss was CAD 6,114,000 against CAD 3,396,000 a year ago. LBITDA was CAD 4,731,000 against CAD 2,587,000 a year ago. Loss per share basic and diluted was CAD 0.06 against CAD 0.04 a year ago. Net cash used in operating activities was CAD 4,664,000 against CAD 3,812,000 a year ago. Additions of property and equipment were CAD 694,000 against CAD 94,000 a year ago. Additions of intangible assets were CAD 1,527,000 against CAD 1,871,000 a year ago. This difference EBITDA loss was primarily as a result of an increased investment in personnel related to the development of the company’s mobile apps as well as the impact of the Ontario Interactive Digital Media Tax Credit, which reduced EBITDA loss by CAD 1.0 million and CAD 1.5 million for the same three and six month period last year.