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Last $1.34 USD
Change Today +0.07 / 5.51%
Volume 342.7K
MM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

millennial media inc (MM) Snapshot

Open
$1.30
Previous Close
$1.27
Day High
$1.36
Day Low
$1.29
52 Week High
09/2/14 - $2.42
52 Week Low
08/21/15 - $1.18
Market Cap
189.8M
Average Volume 10 Days
471.5K
EPS TTM
$-0.47
Shares Outstanding
141.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MILLENNIAL MEDIA INC (MM)

millennial media inc (MM) Related Businessweek News

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millennial media inc (MM) Details

Millennial Media, Inc. provides mobile advertising solutions to advertisers and developers in the United States and internationally. It offers advertisers the opportunity to reach and engage with their targeted audiences across mobile devices and screens; solutions that enables advertisers to gain insights into the performance of their ad campaigns and to manage their campaigns; and cross-screen device map that allows to associate a single user with multiple online and mobile devices. The company’s solutions for advertisers also include mmDSP, a demand side platform that accesses inventory directly from developers through its ad exchange; and mmStudio solution, which enables advertisers and advertising agencies to design ads using a set of templates. It also provides solutions for developers, including software development kits that allow apps to receive various kinds of ads, including video, interactive rich media, banner display, and native ad formats; and ad serving capabilities, mediation tools, and access to its ad exchange, which allow developers to allocate ad requests among various advertising campaign sources. The company’s solutions for developers also comprise reporting and analytics that include ad revenue generation reports for their apps across various mobile operating systems; and support services. In addition, it operates MYDAS, a mobile advertising technology that identifies unique users; targets ads based on user interest, behavior, and location; delivers ads to users; runs on various device types; ensures that the ads would work over wireless connections; and measures user engagement and ad performance. The company was founded in 2006 and is headquartered in Baltimore, Maryland.

575 Employees
Last Reported Date: 08/10/15
Founded in 2006

millennial media inc (MM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $827.0K
President of Managed Media
Total Annual Compensation: $200.2K
Executive Vice President of Business Strategy
Total Annual Compensation: $297.8K
Compensation as of Fiscal Year 2014.

millennial media inc (MM) Key Developments

Millennial Explores Strategic Alternatives

Millennial Media Inc. (NYSE:MM) looking for alternatives. Michael Barrett, Chief Executive Officer of Millennial Media says Millennial had a "number of discussions with a variety of companies" regarding strategic alternatives. But Wall Street didn't react kindly to the comments, as shares of Millennial are down more than 16%. Speaking to analysts on August 10, 2015, Michael Barrett said the talks have included the potential acquisition of Millennial Media. Michael Barrett also added, "We are not surprised that there is interest from other companies. Our capabilities in assets are highly valued, differentiated and not easily replicated in the mobile ad text space." Michael Barrett added that Millennial continues "to explore and assess potential strategic alternatives" and is "keeping the best interest of our shareholders always in mind."

Millennial Media Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Revises Earnings Guidance for the Full Year of 2015

Millennial Media Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $65.862 million compared to $67.308 million a year ago. Loss from operations was $15.293 million compared to $15.044 million a year ago. Loss before income taxes was $15.393 million compared to $15.079 million a year ago. Net loss was $15.458 million or $0.11 per basic and diluted share compared to $15.090 million or $0.14 per basic and diluted share a year ago. Adjusted EBITDA was $6.903 million compared to $6.111 million a year ago. Diluted non-GAAP net loss per share was $0.05 compared to $0.06 a year ago. Capital expenditures were $1.3 million. For six months, the company reported revenue of $129.032 million compared to $139.928 million a year ago. Loss from operations was $34.927 million compared to $27.947 million a year ago. Loss before income taxes was $35.082 million compared to $28.010 million a year ago. Net loss was $35.241 million or $0.25 per basic and diluted share compared to $28.037 million or $0.26 per basic and diluted share a year ago. Adjusted EBITDA was $18.383 million compared to $10.770 million a year ago. Diluted non-GAAP net loss per share was $0.13 compared to $0.10 a year ago. For the third quarter of 2015, the company currently expects total gross billings to be in the range of $80 million to $84 million, consisting of $55 million to $57 million for its Managed Media business and $25 million to $27 million for its Platform business. The company expects total GAAP revenue for the third quarter of 2015 to be in the range of $63 million to $66 million, comprised of Managed Media GAAP revenue between $55 million to $57 million and Platform GAAP revenue between $8 million to $9 million. The company expects Adjusted EBITDA for the third quarter of 2015 to be in the range of a loss of $7 million to $8 million. The company expects total GAAP gross margins of about 43%. The company is revising guidance for the full year ending December 31, 2015. The company expects total gross billings for the full year ending December 31, 2015 to be in the range of $344 million to $360 million, consisting of $232 million to $242 million for its Managed Media business and $112 million to $118 million for its Platform business. The company expects total GAAP revenue for the full year 2015 to be in the range of $267 million to $280 million, consisting of Managed Media GAAP revenue between $232 million to $242 million and Platform GAAP revenue between $35 million to $38 million. The company expects capex for the full year 2015 to be about $4 million.

Millennial Media Inc. to Report Q2, 2015 Results on Aug 10, 2015

Millennial Media Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Daylight on Aug 10, 2015

 

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Industry Analysis

MM

Industry Average

Valuation MM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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