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Active Network Inc (ACTV) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2012

Active Network Inc

CIK: 1163932 Ticker: ACTV

Exhibit 99.1

 

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ACTIVE Network Reports Third Quarter 2012 Financial Results

 

   

Third Quarter Revenue Increases 22% to $109.2 Million

 

   

Year-to-Date Revenue Up 24% to $325.2 Million

 

   

Third Quarter Adjusted EBITDA $15.4 Million

SAN DIEGO, CALIF. – November 1, 2012

ACTIVE Network (NYSE: ACTV), the leader in cloud-based Activity and Participant Management™ (APM) solutions, today announced its financial results for the third quarter ended September 30, 2012.

Q3 2012 Financial Highlights:

(All comparisons are made to the third quarter of 2011)

 

   

Total net revenue up 22% to $109.2 million.

 

   

Technology revenue increased 26% and constituted 88%, or $96.2 million, of total net revenue.

 

   

Net registration revenue increased 19% to $72.7 million with the number of registrations up 7% and the revenue per registration up 11%.

 

   

Marketing services revenue constituted 12%, or $13.0 million, of total net revenue.

 

   

Net loss was $6.0 million compared to a net loss of $1.4 million.

 

   

Adjusted EBITDA, a non-GAAP financial measure, was $15.4 million. Excluding the impact of business combination accounting rules related to deferred revenue, Adjusted EBITDA was $18.0 million, up 40%.

“We delivered strong third quarter results and continued to make progress expanding our customer base, driving innovation in our horizontal ActiveWorks® platform and penetrating new markets,” said Matt Landa, CEO of ACTIVE Network. “We added a number of new high profile customers, including NYSE Euronext, the Philadelphia Zoo, and The PGA of America. Additionally, we expanded our presence in the Outdoors market with the addition of Saskatchewan and Puerto Rico, who have agreed to implement our ActiveWorks® platform to automate their respective hunting and fishing permitting operations.”

ACTIVE Network Executive Chairman, Dave Alberga, stated, “Looking ahead, we believe the organizational changes we recently implemented will help leverage the exceptional talent we have at ACTIVE, expand our capabilities and drive long-term growth. Our team will be laser focused on product innovation and sales execution.”

 

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The following information was filed by Active Network Inc (ACTV) on Thursday, November 1, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: ACTV
CIK: 1163932
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-12-449329
Submitted to the SEC: Fri Nov 02 2012 5:02:14 PM EST
Accepted by the SEC: Fri Nov 02 2012
Period: Sunday, September 30, 2012
Industry: Prepackaged Software

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