Single Touch Systems Inc (SITO) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2013

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Sito Mobile, Ltd.
Ticker: SITO CIK: 1157817

Exhibit 99.1

Single Touch Reports Fourth Quarter and Year End 2013 Financial Results

Q4 Revenue up 30%, Achieves Positive Adjusted EBITDA for the First Time

Conference call scheduled for 4:30 pm ET on Monday, Dec. 9

JERSEY CITY, N.J.- December 9, 2013 –Single Touch Systems, Inc. (OTC BB: SITO), a technology based mobile media solutions provider today announced its results for the fourth quarter and full year ended September 30, 2013.

Financial Highlights:

Operating Profits: During the nine-month period ended September 30, 2013, on a pro-forma basis when separating out funding of intellectual property (IP) related initiatives, Single Touch’s core, underlying business operations were profitable.

Cash Flow: Achieved cash flow breakeven, inclusive of IP-related expenses during the third quarter of fiscal 2013.

Revenue: For the fourth quarter of fiscal 2013, revenue increased to $2.1 million from $1.6 million for the fourth quarter of fiscal year 2012, representing a year-over-year increase of 30%. For the full year ended September 30, 2013, revenues increased to $7.8 million from $6.3 million for the full year 2012, representing a year-over-year increase of 23%. Growth in the fourth quarter and full year was all organic and driven by continued adoption of Single Touch’s mobile programs by new and existing client relationships.

Gross Margins: For the fourth quarter of fiscal 2013, gross margins increased to 59% from 56% in the same period of the prior year. For the full year ended September 30, 2013 gross margins improved to 57.2% from 54% in the same period of 2012.

Adjusted EBITDA: For the fourth quarter of fiscal 2013, on an adjusted EBITDA basis, a non-GAAP financial measure, profits were $159,579, as compared to losses on an adjusted EBITDA basis for all preceding quarters.. For the full year ended September 30, 2013, adjusted EBITDA was $(1,073,376), compared to $(1,573,382) for the same period of the prior year, representing a 32% improvement in the current year.

Net Income (Loss): For the fourth quarter of fiscal 2013, net loss, on a GAAP basis, was $(0.7) million or $(0.01) per basic and diluted share, compared to a net loss of $(1.3) million or $(0.01) per basic and diluted share for the third quarter of fiscal 2013. For the full year ended September 30, 2013, net loss was $(5.2) million or $(0.04) per basic and diluted share, compared to $(3.3) million or $(0.02) per basic and diluted share for the same period in 2012.

Messaging Volume: In the fourth quarter of fiscal 2013, Single Touch sent 79 million messages to mobile phone users. This is up 23% from messages sent in the fourth quarter of fiscal 2012. Messaging for the full year totaled more than 303 million, and represented a more than 20% increase over the prior fiscal year. Messaging volume is a key business metric for the Company.

The following information was filed by Sito Mobile, Ltd. (SITO) on Monday, December 9, 2013 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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