Mandalay Digital Group Provides Q2, FY Guidance - Quick Facts

(RTTNews) - Mandalay Digital Group Inc. (MNDL) said, based principally on the additions of MIA and Logia, on new customer wins over the past six months, and sales growth from each of its business lines including DT Pay, DT Content and DT Ignite, that it expects revenues for its second quarter, ending September 30, 2013 to be in the range of $6.4 million to $6.8 million, representing 25-35% increase quarter to quarter. Analysts polled by Thomson Reuters expect the company to report revenues of $5.60 million for the second-quarter. Analysts' estimates typically exclude special items.

For the fiscal year ending March 31, 2014, Revenues are expected to be in the range of $27.0 million to $29.0 million, representing 35-45% increase year over year. Adjusted EBITDA is anticipated to be breakeven prior to end of fiscal year. Analysts expect the company to report revenues of $25.20 million for fiscal year.

For the second half, the company expects to see DT Ignite to become a more material top-line and Adjusted EBITDA contributor as previously announced contracts begin to generate revenue from shipments of capable devices in the Holiday season.