Exhibit 99

 

LOGO

Wireless Ronin Reports Fourth Quarter and Full Year 2011 Results

MINNEAPOLIS – March 8, 2012

Wireless Ronin Technologies, Inc. (NASDAQ: RNIN), is a marketing technologies company with leading expertise in current and emerging digital media solutions, including signage, interactive kiosks, mobile, social media and web, that enable clients to transform how they engage with their customers, reported financial results for the fourth quarter and fiscal year ended December 31, 2011.

2011 Highlights

 

   

Record revenue of $9.3 million in fiscal year 2011 represents an 8% increase year-over-year

 

   

Achieved cash burn of $4.8 million, the lowest level since initial public offering in 2006

 

   

Third straight year of record gross margin dollars

 

   

Rolled out iPad-supported RoninCast® multi-platform sales support and marketing system to 40 sites of a major retailer with more than 390 stores across North America

 

   

Successfully completed a capital raise with gross proceeds of $3.3 million

Full Year 2011 Financial Results

Revenue for the full year of 2011 increased 8% to a record $9.3 million from $8.6 million in 2010. The year-over-year revenue increase was primarily attributable to the continued rollout of Chrysler’s iShowroom-branded tower application into Chrysler and FIAT dealerships.

Recurring revenue for the full year of 2011 increased 23% to a record $1.6 million or 17% of total revenue, as compared to $1.3 million or 15% of total revenue in 2010.

Gross margin for the full year of 2011 was 44%, compared to 47% in 2010. The decline was due primarily to hardware and software sales mix when comparing the two periods.

Net loss for the full year of 2011 totaled $6.7 million or $(0.34) per basic and diluted share, an improvement from a net loss of $7.9 million or $(0.44) per basic and diluted share in 2010. Net loss for the full year of 2011 included $740,000 of non-cash stock compensation expense, compared to $868,000 in 2010.

Non-GAAP operating loss totaled $5.5 million or $(0.28) per basic and diluted share, an improvement compared to a non-GAAP operating loss of $6.3 million or $(0.35) per basic and diluted share in 2010.

At December 31, 2011, the company’s net working capital position was $5.0 million, as compared to $3.5 million at September 30, 2011. The increase resulted from the $3.3 million financing closed in December 2011.

Q4 2011 Financial Results

Revenue in the fourth quarter of 2011 decreased 34% sequentially to $1.5 million from $2.3 million in the prior quarter, and decreased 48% from $2.9 million in the same year-ago period. The sequential and year-over-year quarterly decreases were primarily due to the timing of additional orders from Chrysler for the interactive kiosks featuring iShowroom.


The following information was filed by Creative Realities, Inc. (CREX) on Thursday, March 8, 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Creative Realities, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Creative Realities, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account