Last $1.64 USD
Change Today +0.06 / 3.80%
Volume 216.9K
MM On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

millennial media inc (MM) Snapshot

Open
$1.59
Previous Close
$1.58
Day High
$1.65
Day Low
$1.56
52 Week High
03/18/14 - $7.75
52 Week Low
01/21/15 - $1.28
Market Cap
227.4M
Average Volume 10 Days
387.2K
EPS TTM
$-0.37
Shares Outstanding
138.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MILLENNIAL MEDIA INC (MM)

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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 operates MYDAS, a data platform that accesses and analyzes volumes of data—location, social, interest, and contextual data to provide a multi-dimensional view of individual consumer profiles. The company’s solutions for developers include software development kits that allow apps to receive various ads, including video, interactive rich media, banner display, and native ad formats. It also offers ad serving capabilities, mediation tools, and access to its exchange, MMX, which allows developers to allocate ad requests among various advertising campaign sources. In addition, the company offers reporting and analytics that comprise ad revenue generation reports for their apps across various mobile operating systems; and enables advertisers to gain insights into the performance of their ad campaigns and to manage their campaigns. Millennial Media, Inc. was founded in 2006 and is headquartered in Baltimore, Maryland.

602 Employees
Last Reported Date: 11/10/14
Founded in 2006

millennial media inc (MM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

millennial media inc (MM) Key Developments

Millennial Media Appoints Ernest Cormier as Member of Board of Directors

On December 4, 2014, Millennial Media Inc. completed its previously announced acquisition of Nexage Inc. The company's board of directors acted by unanimous written consent on December 4, 2014 to appoint Ernest Cormier, the former President & Chief Executive Officer of Nexage, as a member of the Company's board of directors to serve until the Company's 2015 annual meeting of stockholders. Mr. Cormier, 56, has served as the CEO & President of Nexage since April 2010.

Pmerantz LLP Files Class Action Lawsuit Against Millennial Media, Inc

Pomerantz LLP has filed a class action lawsuit against Millennial Media Inc. and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 14-cv-8330, is on behalf of a class consisting of all persons or entities who purchased Millennial Media securities between March 28, 2012 and May 7, 2014, inclusive (the Class Period). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act).

Millennial Media Inc. Enters into Amended and Restated Loan and Security Agreement

Millennial Media Inc. entered into an Amended and Restated Loan and Security Agreement between the company, as borrower, and Silicon Valley Bank, as lender. The Loan Agreement amends and restates the original Loan and Security Agreement the Company entered into with SVB on August 11, 2011, as amended on March 14, 2013, July 29, 2013, October 30, 2013, and April 30, 2014. The Loan Agreement provides for a senior secured asset-based revolving credit facility with up to $40 million available on a revolving basis until November 21, 2018. Borrowings under the Credit Facility may be used for working capital and to fund general business requirements. Amounts outstanding under the Credit Facility will bear interest at a rate per annum equal to, at the election of the company, the Wall Street Journal prime rate plus a margin of 1.6% or the ICE Benchmark Administration LIBOR rate plus a margin of 2.6%. During an event of default, amounts under the Loan Agreement will bear interest at a rate per annum equal to 2% plus the rate otherwise applicable to such amounts. The company was required to pay SVB a commitment fee of $200,000 upon execution of the Loan Agreement, and is required to pay a quarterly unused line fee equal to 0.2% per annum of the average daily unused portion of the commitments under the Credit Facility.

 

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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 0.3x
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