Metatron/i-Mobilize Reports 1st Quarter 2012 Earnings Results
May 15 2012 - 12:57PM
Marketwired
Metatron, Inc. (PINKSHEETS: MRNJ)
METATRON, Inc., a leading digital media content distributer with
a focus on content that makes a positive difference, is pleased to
announce its operating results for its 1st quarter 2012 ending
March 31, 2012.
2012 Q1 Revenue was $130,891, a 13% increase from 2011 Q4
Revenue which was $115,546, and a 10% decrease from 2011 Q1 Revenue
which was $145,509.
Net Income was $6,397, a 45% increase from 2011 Q1 Net Income of
$4,412.
Total Expenses for the first three months of 2012 was $124,494,
a 12% decrease from $141,097, the Total Expenses for the same time
period last year.
Metatron's complete 2012 Quarterly report has been published and
can be found on the OTC Markets Website at
http://www.otcmarkets.com/stock/MRNJ/financials.
Highlights of the 1st Quarter:
- The company continued its push to release titles on the Android
system, with over 160 android apps released in the quarter, and
225+ overall.
- Over 240 apps were updated or converted to Universal Apple iOS
format or released brand new for the iPhone, iPad, and iPod touch
systems. At the close of the quarter, Metatron had over 1,500 apps
currently for sale on iTunes and 1750+ over all platforms.
- Successful launch of content of the company's Facebook App
Storefront and White Label product offering for top content owners
such as Glenn Harrold, Eckhart Tolle, Travel Video Store, and Craig
Townshend's Mindtraining.
- Acceleration in revenue derived from Subscription apps, with
Glenn Harrold's Ultimate Hypnosis app seeing an estimated 20%
increase in subscriptions signed in the first quarter compared to
fourth quarter 2011. This individual app has now become one of the
company's highest revenue generating app and revenues are expected
to continue to grow in 2012. i-Mobilize expects to release many
more subscription apps in 2012, including a subscription mega-app
from world renowned spiritual leader Eckhart Tolle.
- Ad Impression revenue increased in the 1st quarter as Ad
impressions grew significantly over the 4th quarter, reaching 5.1
million. i-Mobilize also released free Ad supported content from
Eckhart Tolle and MindTraining.net in the quarter. Revenues derived
from advertising also increased due to Apple increasing developer
percentage of sales from 60 to 70 percent in the quarter.
- Metatron/i-Mobilize had a quarterly record of 650k+ iOS App
combined downloads and updates for the quarter, which represents a
sequential quarterly increase of over 24% compared to the 4th
quarter 2011.
- Metatron hired more programmers in the quarter to facilitate
greater acceleration and turnaround time in the release of content
on all its distribution channels.
2nd Quarter Outlook
Management is energized by the increased diversification and
repeatability of its latest app offerings. The company has achieved
tangible success in converting mid-tier content into high quality
digital media, and rapidly releasing that content to the public
with an established distribution infrastructure. As a result, the
company is gaining growing recognition and traction as a key player
in the app space while receiving increased attention from higher
tier content owners. Management intends to aggressively pursue
these opportunities with the intent that they ultimately result in
key agreements or collaborations to improve the growth of the
company. In the second quarter of 2012, the company expects the
launch of some short-term and long-term initiatives. Namely:
- Eckhart Tolle TV Subscription Mega-app.
- Movie/Video mega-app, containing hundreds of titles in one
app.
- Release of popular apps for the Kindle Fire.
- Greater in-app purchasing features, more new free iAd based and
subscription apps.
- Wider scope and larger profile licensing deals of top content
that entertain or encourage sustainable personal growth in people's
lives.
The digital media and app revolution is in high gear and
Metaron/i-mobilizeis well-positioned, well-prepared, and to
capitalize. Stay tuned.
Website: http://metatroninc.com/ Facebook :
http://www.facebook.com/iMobilize News :
http://metatroninc.wordpress.com Twitter:
http://twitter.com/metatroninc
See Metatroninc.com or official blog
(http://metatroninc.wordpress.com) for full details.
Forward-Looking Statements: Any statements made in this press
release which are not historical facts contain certain
forward-looking statements, as such term is defined in the Private
Litigation Reform Act of 1995, concerning potential developments
affecting the business, prospects, financial condition and other
aspects of the company to which this release pertains. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results
of the specific items described in this release, and the company's
operations generally, to differ materially from what is projected
in such forward-looking statements. Although such statements are
based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude,
timing and other factors may result from business risks and
uncertainties including, without limitation, the company's need for
additional financing, which is not assured and which may result in
dilution of shareholders, the company's status as a small company
with a limited operating history, dependence on third parties and
the continuing popularity of the iOS operating system, general
market and economic conditions, technical factors, receipt of
revenues, and other factors, many of which are beyond the control
of the company. Although we believe that the expectations reflected
in the forward-looking statements are reasonable, we cannot
guarantee future results, levels of activity, performance, or
achievements. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of such
statements, and we disclaim any obligation to update information
contained in any forward-looking statement.
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