Mood Media posts deeper Q2 loss, while revenues grow 17%

Mood Media Corp. says a combination of certain expenses drove the company, which provides various media assets to retailers, into a deeper second-quarter loss. The Toronto-based company said before-tax losses were $8.9 million, compared to $8.3 million or four cents a share in the previous year. Earnings before interest, taxes, depreciation and amortization fell 8% […]

Mood Media Corp. says a combination of certain expenses drove the company, which provides various media assets to retailers, into a deeper second-quarter loss.

The Toronto-based company said before-tax losses were $8.9 million, compared to $8.3 million or four cents a share in the previous year.

Earnings before interest, taxes, depreciation and amortization fell 8% to $27.7 million, as it booked expenses related to higher healthcare costs and numerous acquisitions.

Revenue grew 17% to $126.3 million from $107.8 million.

“We are generally satisfied with our performance in the quarter and believe we are on the right track to deliver on our strategy,” said chairman and CEO Lorne Abony.

“Our EBITDA performance in the quarter was affected by some one-time gains in the prior year and by some unusually high expenses in the current quarter, which affected the reported trend in EBITDA.”

Mood Media creates visual, audio and scent systems to enhance the retail environment. The company has been exploring various strategic alternatives, including the possibility of selling itself.

Among Mood Media’s best-known acquisitions was Muzak Holdings LLC in May 2011, which provides music services to customers. Last year, Mood Media made several acquisitions including DMX Holdings, which provides multi-sensory branding services.

Brands Articles

Saputo sells its bakery division to Canada Bread for $120 million

Deal in line with company's plans to become more competitive in new food categories

Why employee engagement needs to top the CMO’s agenda in 2015

And, how it will enhance competitiveness/profitability

Canada’s Hottest Ads: A very foodie November

...with a light dusting of holiday cheer

McDonald’s marketing misery

Markus Giesler on the chain's identity crisis and why it's becoming increasingly irrelevant

BlackBerry harkens back to “CrackBerry” heyday

Waterloo, Ont.-based company introduces new smartphone model with familiar features

Hudson’s Bay hires new CEO

Former Toys R Us chairman and CEO takes the reins, Richard Baker remains chairman

Country Style chooses Tag Franchise for rebrand

New branding expected to roll out next year

MasterCard’s ‘priceless’ holiday giveaway

The brand had a big surprise for Calgary charities