Exhibit 99

 

 

Wireless Ronin Reports Fourth Quarter and Full Year 2013 Results

 

MINNEAPOLIS – March 6, 2014

 – Wireless Ronin Technologies, Inc. (OTCQB: RNIN), a leading digital marketing technologies solutions provider, reported financial results for the fourth quarter and fiscal year ended December 31, 2013.

 

Q4 2013 Operational Highlights

·

Received a $518,400 purchase order for ongoing interactive application support and maintenance from a longstanding customer in the automotive industry.

·

Established an entrée with Denny’s Corporation (NASDAQ: DENN) with an initial order from The Army & Air Force Exchange Service (AAFES) to install RoninCast® digital menu system at the Denny’s Fresh Express concept at Nellis Air Force Base in Las Vegas.

·

RoninCast 4.2 won the 2014 DIGI Award for Best New Content Management Software.

 

Q4 and Fiscal 2013 Financial Results

Revenue in the fourth quarter of 2013 was $1.2 million compared to $1.6 million in the same quarter last year. The decrease was primarily due to fewer orders from  Chrysler and ARAMARK. For fiscal 2013, revenue increased 1% to $6.8 million from $6.7 million in 2012, with the increase primarily due to the $750,000 software license sale to Delphi Display Systems in Q2 2013.

 

Recurring revenue in the four quarter of 2013 from the company’s hosting and support services increased 6% to $521,000 (42% of total revenue) from $491,000 (31% of total revenue) in the same year-ago quarter. For fiscal 2013, recurring revenue was $2.0 million (29% of total revenue) compared to $2.0 million (30% of total revenue) in 2012.

 

Gross margin in the fourth quarter of 2013 was $659,000 (53% of total revenue) compared to $885,000 (55% of total revenue) in the same year-ago quarter. For fiscal 2013, gross margin increased 9% to $4.0 million (59% of total revenue) from $3.7 million (55% of total revenue) in 2012.

 

Total operating expenses in the fourth quarter of 2013 decreased 23% to $1.6 million from $2.1 million in the same quarter last year. For fiscal 2013, total operating expenses decreased 17% to $7.6 million from $9.1 million in 2012. The decrease was primarily due to an overall reduction in personnel costs in 2013.

 

Net loss in the fourth quarter of 2013 totaled $955,000 or $(0.16) per basic and diluted share, an improvement from a net loss of $1.2 million or $(0.24) per basic and diluted share in the same quarter last year. Net loss in fiscal 2013 totaled $3.6 million or $(0.63) per basic and diluted share, improving from a net loss of $5.4 million or $(1.14) per basic and diluted share in 2012. The improvement in both periods was primarily due to increased sales and reduced costs.

 

Non-GAAP operating loss totaled $811,000 or $(0.14) per basic and diluted share, as compared to a non-GAAP operating loss of $1.0 million or $(0.21) per basic and diluted share in Q4 2012. Non-GAAP


The following information was filed by Creative Realities, Inc. (CREX) on Thursday, March 6, 2014 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.

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