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Last $1.60 USD
Change Today -0.01 / -0.62%
Volume 300.3K
MM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

millennial media inc (MM) Snapshot

Open
$1.61
Previous Close
$1.61
Day High
$1.61
Day Low
$1.55
52 Week High
07/7/14 - $4.50
52 Week Low
01/21/15 - $1.28
Market Cap
224.1M
Average Volume 10 Days
936.7K
EPS TTM
$-0.50
Shares Outstanding
140.1M
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.

636 Employees
Last Reported Date: 03/11/15
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 Media Appoints Ernie Cormier as COO

Millennial Media reported that former Nexage CEO and President Ernie Cormier will be joining the company as COO. Millennial Media CEO and President Michael Barrett, Cormier will be responsible for overseeing the company's product, technology, and operations teams. Cormier brings over two decades of media and telecommunications experience to Millennial Media.

Millennial Media Announces Executive Changes

Millennial Media announced that former Nexage CEO and President Ernie Cormier will be joining the company as COO. Reporting to Millennial Media CEO and President Michael Barrett, Cormier will be responsible for overseeing the company’s product, technology, and operations teams. Cormier brings over two decades of media and telecommunications experience to Millennial Media. Following the company’s acquisition of Nexage in 2014, Cormier served on Millennial Media’s Board of Directors. He will be stepping down from that role to take on the role of COO. Prior to Nexage, Cormier served as CEO & President of Zeemote Inc. He has also held executive positions at Virgin Media in the United Kingdom, Nextel Communications, and Lagardere Group. Cormier will be based in Boston and begin the role of COO in June.

Millennial Media Announces Earnings Results for the First Quarter of Fiscal 2015; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015

Millennial Media announced earnings results for the first quarter of fiscal 2015. For the quarter, the company announced an adjusted loss of $0.09 per share. Revenue was $63.2 million. The company's adjusted EBITDA was a loss of $11.5 million, which was also better than its guidance range, driven primarily by higher revenue and better-than-expected margins on its Platform business, driven by higher take rates on the company supply as it moved over onto the Nexage exchange. The main drivers of revenue for the quarter were strength in a number of brand verticals as well as better overall pricing due to a mix of a higher proportion of brand spend as well as growth in eCPMs from growing demand for the company’s more engaging ad formats such as video, native and interstitial. GAAP earnings per share for the quarter was a loss of $0.14 per share, while the company’s non-GAAP earnings per share for the quarter, which is adjusted EBITDA divided by diluted weighted average common shares outstanding, was a loss of $0.09 per share. Capital expenditures were about $900,000. The company provided earnings guidance for the second quarter and full year of fiscal 2015. For the second quarter, the company expects revenue of $68 million to $71 million. The company expects total GAAP gross margin of about 42%. The company is expecting an overall company adjusted EBITDA for the second quarter 2015 in the range of a loss of $6 million to $7 million. For the full year of fiscal 2015, the company is guiding for revenue of $311 million to $342 million. The company expects capital expenditure for the full year 2015 to be about $4 million. Based on the company’s anticipated revenue growth, margin strength and expense control, it expects to trim its adjusted EBITDA losses throughout the year and produce positive adjusted EBITDA in the fourth quarter.

 

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Industry Analysis

MM

Industry Average

Valuation MM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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