rVue Holdings, Inc., First Quarter 2013 Financial Results

rVue Holdings, Inc., First Quarter 2013 Financial Results

CHICAGO--(BUSINESS WIRE)-- rVue Holdings, Inc. (OTCBB: RVUE) the premier advertising technology platform for digital out of home media announced its financial results for the quarter ended March, 31 2013.

Summary Results for First Quarter of 2013:

• Total revenue was $137.5K for the first fiscal quarter of 2013; up slightly from $131.5K the prior year.
• Core Revenue: This is the focus of our business and source of future growth. Core revenue for the quarter ended March 31, 2013 was $79.3K up sharply (+63K) over Q1 2012 when it was $16.3K.
• Non-Core Revenue: For the quarters ended March 31, 2013 and 2012 were $58.2K and $115.2K, respectively. As stated earlier, the decline was due to the end of a management relationship with Auto Nation. This downward trend in non-core revenue is expected to continue through 2013 as we focus more resources on core business efforts. In addition, the Mattress Firm merged with Mattress Giant and we respectfully agreed not to renew for 2013.
• Operating Expenses were $1,389.2M in the first quarter 2013, compared to $1,865.2M in 2012, a reduction of $476K due to cost controls, change in management and a shift to more media focused transactions.
• Net loss for the first quarter 2013 was $1,251.7M compared to a net loss of $1,733.7M in 2012. A drop of $482K.
• As of March 31, 2013 the company had $741.8K of cash.

Mark Pacchini (President and CEO) said, our future focus is to provide our clients with business building digital out of home media ideas and world class service. If we deliver on this promise, we should drive revenue growth in the second quarter and beyond.

Forward Looking Statements:

http://www.rvue.com/forward_looking_statements

rVue Holdings, Inc.
Dean Peterson, 312-219-8835

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