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Last C$4.40 CAD
Change Today +0.03 / 0.69%
Volume 267.9K
RKN On Other Exchanges
Symbol
Exchange
OTC US
As of 4:00 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

redknee solutions inc (RKN) Snapshot

Open
C$4.40
Previous Close
C$4.37
Day High
C$4.47
Day Low
C$4.39
52 Week High
06/2/14 - C$5.99
52 Week Low
01/30/15 - C$2.83
Market Cap
480.0M
Average Volume 10 Days
484.6K
EPS TTM
C$-0.13
Shares Outstanding
109.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REDKNEE SOLUTIONS INC (RKN)

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redknee solutions inc (RKN) Details

Redknee Solutions Inc. provides real-time monetization and subscriber management software products, solutions, and services. The company’s software products provide converged billing, charging, policy management, customer care, and payments solutions for voice, messaging, and data services to approximately 200 service providers in 90 countries. Its products include Redknee Unified that transcends the traditional BSS and redefines the entire customer lifecycle to monetize next generation services in real time; Redknee TCB (turnkey converged billing), an end-to-end solution that enables operators to manage partner relationships, roll out new services, and deliver targeted and real-time promotions; and Redknee InBill, an interconnect, content, and partner billing solution with integrated settlement and dispute management capabilities. The company’s products also comprise Redknee PCS (policy control server), which enables service providers to take control of network resource usage, assure quality of experience for users, offer personalized services, and differentiated and service-specific charging; and Redknee Railway that provides railway network operators with an end-to-end Intelligent Network solution for GSM-R networks. In addition, it offers revenue management, cloud solutions, 4G monetization, and marketing solutions; and Smart Utility Suite, which offers rating and billing for electricity, water, gas, and energy. Further, the company provides advisory, learning, managed, solutions delivery, and support services. It operates in North America, South America, and the Caribbean; Asia and the Pacific Rim; and Europe, the Middle East, and Africa. Redknee Solutions Inc. was founded in 1999 and is headquartered in Mississauga, Canada.

Founded in 1999

redknee solutions inc (RKN) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $414.6K
Chief Financial Officer
Total Annual Compensation: $240.7K
Chief Operating Officer
Total Annual Compensation: $267.5K
Vice President of Human Resources, Integratio...
Total Annual Compensation: $214.7K
Vice President of Marketing
Total Annual Compensation: $231.0K
Compensation as of Fiscal Year 2014.

redknee solutions inc (RKN) Key Developments

Afghan Wireless Expands Growth Strategy with Redknee Solutions Inc.'s Charging and Policy Solution

RedkneeSolutions Inc. announced that it is supporting Afghan Wireless Communication Company (AWCC) to differentiate its services and provide an advanced customer experience for its subscribers. Utilizing the Redknee Unified charging and policy solution, AWCC is leveraging convergent services, to monetize their next generation data strategy and support future growth. With Redknee's real-time solution, AWCC is able to provide a greater range of value-add and services faster to the market. AWCC can deliver targeted incentives and rewards to subscribers to increase ARPU and customer loyalty. Redknee's integrated charging and policy solution has enabled AWCC to optimize its network investments, reduce the load on its network and set differentiated quality of service for individual subscribers. In addition, Redknee's integrated solution enables AWCC to generate revenue through new business models and partnerships with OTT providers. Redknee's integrated solution provides a single solution for operators to manage multiple platforms and end-to-end visibility of services and products to enhance the customer experience.

Redknee Supports Digicel to Offer Prepaid Energy in Asia Pacific

Redknee Solutions Inc. announced that it is supporting Digicel, to offer prepaid electricity to residents and business owners in Papua New Guinea. Digicel has been using Redknee's converged billing solution to provide its customers with prepaid and postpaid offerings for voice, messaging and data. The flexibility of Redknee's software is now also allowing Digicel to monetize other digital services across various industries, including utilities and other future business opportunities. Redknee's converged billing system is supporting Digicel's Easypay 'Easipawa' prepaid electricity metering service, enabling Digicel customers to purchase electricity at any time directly from their mobile phone. Energy customers simply enter their meter number and the required amount of electricity, receive an SMS message confirmation, and the payment is deducted directly from their Digicel airtime balance. Digicel's postpaid customers can also utilize the prepaid electricity service and the purchased amount of energy is added to the monthly bill. Redknee's converged solution addresses the full range of Digicel's billing requirements. With Redknee, Digicel is able to increase revenue and differentiation by offering its communications subscribers' real-time targeted promotions, service bundles, incentives and hybrid payment options such as family or group account plans. In addition, Redknee is supporting Digicel to deliver an advanced business model and generate new revenue streams by providing energy customers with the ability to purchase electricity via their mobile phone through Digicel's network. Working in partnership with the country's incumbent electricity utility provider, Digicel and Redknee provided an alternative solution to the existing prepaid electricity voucher top-up payment method, where rural customers had to travel long distances to vending sites that were only available during business hours. This was time consuming, costly and inconvenient for the customer.

Redknee Solutions Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended December 31, 2014

Redknee Solutions Inc. announced unaudited consolidated financial results for the first quarter ended December 31, 2014. For the quarter, the company reported revenue of $62,576,929 against $60,403,240 a year ago. The revenue growth was primarily due to increased license revenue. Income from operations was $6,982,269 against $583,452 a year ago. Income before income taxes was $3,419,621 against loss before income taxes of $2,274,882 a year ago. Net income and comprehensive income was $2,010,961 or $0.02 per diluted share against net loss of $3,060,569 or $0.03 per diluted share a year ago. Cash used in operating activities was $4,413,205 against $16,646,785 a year ago. Purchase of property and equipment was $331,868 against $1,071,966 a year ago. Purchase of intangible assets was $136,296 against $156,428 a year ago. Adjusted EBITDA was $10,953,818 against $5,419,223 a year ago. EBITDA was $10,202,053 against $4,546,855 a year ago. The improvement in revenue was driven by a 53% increase in software and services revenue. Excluding the impact of the acquisition, changes in FX rates and restructuring costs incurred in the quarter, adjusted net income was $5.4 million or $0.05 per share.

 

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Price/Book 3.2x
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TEV/Sales 0.9x
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