[December 15, 2014] |
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StreamTrack Reports 2014 Record Net Revenues and Milestones
StreamTrack, Inc. (OTCQB: STTK) ("StreamTrack" or the "Company"), a
digital media and technology services company operating within the
internet radio and streaming media sectors, today released its annual
10-K.
The following is a summary of 2014 achievements:
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12.3 cents revenue per listening hour in fiscal 2014 compared to 7.8
cents in fiscal 2013, a year over year increase of over 50%.
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147,617 registered members as of 8/31/14 compared to 124,953
registered members as of 8/31/13, a year over year increase of over
18%.
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Streaming related gross revenue of $1,636,383 in fiscal 2014 compared
to $900,405 in fiscal 2013, a year over year increase of over 80%.
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Cost of revenue of $1,260,166 in fiscal 2014 compared to $1,703,353 in
fiscal 2013, a decrease of over 26%.
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Operating expenses of 1,127,711 in fiscal 2014 compared to 2,431,758
in fiscal 2013, a decrease of over 54%.
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A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in
fiscal 2013, an improvement of $1,449,217.
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Over 470 million songs played as of 8/31/2014 since Radioloyalty's
commercial launch in May 2011.
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Over 7.3 million song "likes" shared through social media as of
8/31/2014.
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Progression of development work associated with the launch of
StreamTrack: an artist-based broadcasting platform, Robot Fruit,
Scratch.fm and WatchThis!
Michael Hill, Chief Executive Officer of StreamTrack, stated, "Excluding
the previous lead generation revenue based income in 2013, we saw
roughly an 80% year over year growth related to RadioLoyalty revenue as
a standalone. The RadioLoyalty advertising model has a far more
attractive gross profit margin as displayed in today's 2014 report then
other media channels. As previously mntioned, we look to replicate this
same model across multiple verticals and further expand our global
advertising reach."
About StreamTrack, Inc. StreamTrack, Inc. (the "Company") is a
digital media and technology services company. The Company provides
audio and video streaming and advertising services through its
RadioLoyalty™ Platform (the "Platform") to over 5,500 internet and
terrestrial radio stations and other broadcast content providers. The
Platform consists of a web-based and mobile player that manages
streaming audio and video content, social media engagement, display and
video ad serving within the web player and is also capable of replacing
audio ads with video ads within the web player in a live or on-demand
environment. The Company offers the Platform directly to its
broadcasters and integrates or white labels its technologies with
web-based internet radio guides and other web-based content providers.
The Company is also continuing development of WatchThis™, a
patent-pending technology to provide web, mobile and IP television
streaming services that are e-commerce enabled within streamed content.
For more information visit: http://www.streamtrack.com or http://www.radioloyalty.com
Forward-Looking Statements Certain statements contained
herein constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are based on current expectations, estimates and projections
about StreamTrack's industry, management's beliefs and certain
assumptions made by management. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance and
are subject to certain risks, uncertainties and assumptions that are
difficult to predict and historical accomplishments are not necessarily
indicative of future results. Because such statements involve risks and
uncertainties, the actual results and performance of the Company may
differ materially from the results expressed or implied by such
forward-looking statements. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also disclaims
any obligation to update its view of any such risks or uncertainties or
to announce publicly the result of any revisions to the forward-looking
statements made here. Readers should review carefully reports or
documents the Company files periodically with the Securities and
Exchange Commission.
Contact: Investor Relations StreamTrack, Inc. Michael
Hill Chairman and Chief Executive Officer [email protected] +1
805-308-9151
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