Mandalay Digital Group Backs FY14 Revenue Outlook; Issues FY15 Revenue Guidance

(RTTNews) - Mandalay Digital Group, Inc. (MNDL) reaffirmed its previously issued revenue guidance for fiscal 2014, including revenue in the range of $25 million to $27 million, as updated in February to adjust for the Twistbox disposition. The company anticipates revenue at the higher end of the range excluding the impact of foreign currency and at the lower end of the range including the foreign currency impact.

Analysts currently expect fiscal 2014 revenue of $25.80 million.

For fiscal 2015, the company expects revenue in the range of $46 million to $50 million. Analysts now expect fiscal 2015 revenue of $49.57 million.