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Dg Fastchannel Inc. has a market cap of $1.05 billion; its shares were traded at around $37.04 with a P/E ratio of 25.9 and P/S ratio of 5.5. Dg Fastchannel Inc. had an annual average earning growth of 0.8% over the past 10 years.DGIT is in the portfolios of George Soros of Soros Fund Management LLC.
Highlight of Business Operations: Revenues. For the three months ended June 30, 2010, revenues increased $16.6 million, or 38%, as compared to the same period in the prior year. The increases were $16.2 million and $0.4 million from the Video and Audio Content Distribution and Other segments, respectively. The increase in the Video and Audio Content Distribution segment was primarily due to (i) an $11.9 million increase in high definition (“HD”) revenue ($23.9 million in 2010 vs. $12.0 million in 2009) driven by an increase in HD deliveries (ii) a $2.0 million increase in standard definition (“SD”) revenue driven by an increase in SD deliveries and (iii) a $1.5 million increase in Unicast revenue. The Other segment revenues increased $0.4 million in the 2010 period as a result of more project based revenue from Springbox.
General and Administrative. For the three months ended June 30, 2010, general and administrative expense increased $2.6 million, or 41%, as compared to the same period in the prior year. The increase was primarily attributable to higher professional and legal fees ($2.5 million) and increased incentive compensation ($1.1 million), partially offset by a reduction in bad debt expense, legal settlements and certain other expenses.
Interest Expense. For the three months ended June 30, 2010, interest expense increased $1.3 million, or 42%, as compared to the same period in the prior year. The increase was due to (i) writing off $2.2 million of deferred loan fees and (ii) reclassifying $2.1 million of accumulated losses from accumulated other comprehensive loss to interest expense in connection with retiring all of our outstanding debt and terminating our interest rate swaps in April 2010. The increase was partially offset by a reduction in the average amount of debt outstanding during the 2010 period.
Revenues. For the six months ended June 30, 2010, revenues increased $29.4 million, or 34%, as compared to the same period in the prior year. The increases were $29.0 million and $0.4 million from the Video and Audio Content Distribution and Other segments, respectively. The increase in the Video and Audio Content Distribution segment was primarily due to (i) a $20.7 million increase in HD revenue ($43.6 million in 2010 vs. $22.9 million in 2009) driven by an increase in HD deliveries (ii) a $4.9 million increase in SD revenue driven by an increase in SD deliveries and (iii) a $2.8 million increase in Unicast revenue. The Other segment revenues increased $0.4 million in 2010 period as a result of more project based revenue from Springbox.
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