QUOTE AND NEWS
StreetInsider.com  Nov 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Velti+plc+%28VELT%29+Plans+to+Delist+from+Nasdaq+GS/8928037.html for the full story.
StreetInsider.com  Nov 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Velti+%28VELT%29+Subsidiary+Files+for+Chapter+7+Bankruptcy%3B+Other+U.S.+Operations+File+Chapter+11/8840094.html for the full story.
StreetInsider.com  Aug 21  Comment 
Velti plc (Nasdaq: VELT) 52.0% LOWER; reported Q2 EPS of ($0.31), $0.10 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $31.2 million versus the consensus estimate of $43.15 million. SGOCO Group, Ltd (Nasdaq: SGOC)...
StreetInsider.com  Aug 20  Comment 
SGOCO Group, Ltd (NASDAQ: SGOC) 37.7% HIGHER; reported Q2 EPS of $0.20, versus $0.07 reported last year. Revenue for the quarter came in at $59.2 million, versus $42.7 million reported last year. Velti plc (NASDAQ: VELT) 34% LOWER; reported Q2...
StreetInsider.com  Aug 20  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Velti+plc+%28VELT%29+Misses+Q2+EPS+by+10c/8620652.html for the full story.
StreetInsider.com  Aug 20  Comment 
52-Week High: Best Buy Co., Inc. (NYSE: BBY) $35.78. Best Buy topped Q2 EPS views by 20 cents today, while comparable-store sales still saw a little bit of pressure in the quarter. Best Buy rose 16.4 percent to the new high today. For more...
Clusterstock  Jul 23  Comment 
If you're looking for signs of the adtech bubble popping, then we may have found a couple for you. Three high-profile adtech companies went public in the last year and a half — Mobile ad network Millennial Media, online-ad provider Marin...
StreetInsider.com  Jul 17  Comment 
52-Week High: Bank of America Corp. (NYSE: BAC) $14.44. BofA moving to new highs following a solid quarterly performance. The bank reported Q2 EPS of $0.32 and revs of $22.95 billion, while the Street was looking for EPS of $0.25 and revs of...
StreetInsider.com  Jun 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Velti+%28VELT%29+to+Partner+with+Toyota/8396255.html for the full story.
StreetInsider.com  May 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Velti+plc+%28VELT%29+Posts+Q1+adj.-Loss+of+27cShare/8332656.html for the full story.




 
TOP CONTRIBUTORS

Velti (NASDAQ:VELT) is a mobile advertising company which makes money through its marketing and advertising platform. This Software as a Service platform allows advertising agencies, mobile operators, and media companies to implement, monitor, and optimize campaigns. During the first 9 month of 2010, 13 of the 20 largest mobile operates in terms of worldwide subscribers used Velti's platform which reaches approximately 2.5B customers. Velit also runs platforms which allow customers to design websites and build mobile applications.[1]

Velti believes it runs the most comprehensive mobile advertising platform and that it is well placed to take advantage in the continued growth in mobile advertising. According to ABI Research, spending on mobile marketing and advertising worldwide is predicted to increase from $1.64B in 2007 to $29B in 2014. This growth would corresponds to a roughly 150% Compounded annual growth rate - CAGR. Despite the expected growth, mobile advertising has faced challenges due to the difficulty in measuring the true performance of a campaign and regulations which protect consumer data.[2]

The company's initial public offering of stock on the NASDAQ occurred on January 27, 2011. The company offered 12.5M shares each for $12. This was above the initial price range of $9-$11. The final deal raised $150M in total. The lead underwriter of the deal was Jefferies Group (JEF).[3]

Velti's revenue for the full year 2009 was $90M. This was a 45% increase over the previous year. For the first 9 months of 2010, the company reported an unaudited total revenue of $59M. Net income in 2009 was $6.5M, an increase over the net loss of $6.1M in 2008. During the first 9 months of 2010, Velti reported a net loss of $17.7M.[4]

References

  1. Velti F-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1
  2. Velti F-1/A 2011 PROSPECTUS SUMMARY "The Industry and its Challenges" pg 2
  3. Renaissance Capital - IPO Home "Velti prices IPO at $12, above the range" 27 Jan 2010
  4. Velti F-1/A 2011 PROSPECTUS SUMMARY "Summary Historical Consolidated Financial Data" pg 7
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