This webcast will contain forward-looking statements and other material information A live webcast of the conference call can be accessed within the investor relations section of the RetailMeNot website at.
RetailMeNot will host a webcast to discuss its second quarter 2013 financial results and business outlook today at 4:30 p.m. $76.2 million available for borrowing under the revolving credit facility.
There are no amounts currently outstanding under the revolvingĬredit facility. The term loan facility was fullyīorrowed on July 1, 2013 and used, in part, to fully repay the $25.0 million of borrowings outstanding at June 30, 2013 under RetailMeNots prior senior debt facility. RetailMeNots new senior debt consists of a $115.0 million revolving credit facility and a $35.0 million term loan facility. Lenders, including an entity related to one of RetailMeNots stockholders. On July 1, 2013, RetailMeNot entered into an amended and restated revolving credit and term loan agreement, with certain With the initial public offering, preferred shares converted to common.
#Rmn meaning coupons full#
With the proceeds of the offering, RetailMeNot paid in full all accrued but unpaid dividends on its outstanding shares of preferred stock, which totaled $52.5 million. RetailMeNot did not receiveĪny proceeds from the sale of shares by the selling stockholders. The initial public offering generated net proceeds to the company of approximately $86.1 million, after deducting underwriting discounts and estimated offering expenses payable by RetailMeNot. The company sold 4,545,454 shares and existing stockholders sold an aggregate of 5,909,090 shares, including an additional 1,363,636 shares as a result of the underwriters exercise of their over-allotment option to On July 24, 2013, RetailMeNot completed its initial public offering of 10,454,544 shares of common stock, at $21.00 per share, before underwritingĭiscounts and commissions. Largest portfolio of digital coupon websites in France. Combined with and, RetailMeNot now operates the On July 4, 2013, RetailMeNot announced the acquisition of, a leading digital coupon website in France. On June 26, 2013, RetailMeNot.ca launched in Canada to help provide savings for millions of coupon-seeking consumers and increase sales for 6,000+ During the second quarter, mobile app sessions totaled 26.5 million versus 3.6 million during the second quarter of 2012.Īs of June 30, 2013, RetailMeNot had more than 11.6 million global subscribers to a newsletter or store alert, up 78% year over year. Second Quarter Business Highlights and Key Strategic AnnouncementsĪs of June 30, 2013, more than 7.1 million RetailMeNot apps had been downloaded globally between, .uk andī, up from just 1.4 million as of June 30, 2012. Investments in key initiatives such as mobile, data and analytics, and international expansion. Looking ahead, we remain focused on making These results reflect our continued progress in increasingĬonsumer engagement, improving monetization and expanding our relationships with leading retailers and brands and help to reinforce our position as the worlds largest digital coupon marketplace. We are very pleased with our second quarter results, said Cotter Cunningham, founder, president and CEO, RetailMeNot, Inc. Net revenues per visit grew 22% to $0.358, compared to $0.295. Visits grew 19% to 121.5 million, compared to 102.1 million. Net income for the second quarter was $5.1 million, compared to net income of $5.4 million.Īdjusted EBITDA for the second quarter was $15.7 million, or 36% of revenue, compared to $15.6 million. Net revenues from international markets totaled $8.6 million, and represented 20% of total net revenues. Mobile revenues totaled $5.0 million, up 272% compared to $1.4 million. Organic net revenues for a specific period are defined as net revenues excluding net revenues from acquiredīusinesses not owned during both comparable periods. Net revenues for the second quarter were $43.4 million, an increase of 44% compared to $30.1 million. (All comparisons are made to the second quarter of 2012) Second Quarter Key Metrics and Financial Results Highlights (NASDAQ:SALE), which operates the worlds largest digital coupon marketplace, reported its financial results for the quarter ended Net Revenues Increased 44% Over the Prior Year PeriodĪUSTIN, Texas, August 22, 2013 RetailMeNot, Inc. RetailMeNot Announces Second Quarter 2013 Financial Results
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