SoundBite Communications Inc. (SDBT, Financial) filed Quarterly Report for the period ended 2012-03-31.
Soundbite Comm has a market cap of $44.1 million; its shares were traded at around $2.63 with and P/S ratio of 1.1.
Management tracks revenues by mobile, voice and other in order to review and evaluate our delivery channels. Mobile revenues are generated from any form of consumer interaction through a mobile device, excluding any of the voice channels. Voice revenues are generated from automated voice messaging and our hosted dialer. Other revenues include revenue attributable to email, professional services and access fees. For the three months ended March 31, 2012, voice revenues were $7.4 million, mobile revenues were $2.7 million and other revenues were $1.0 million, or 67%, 24% and 9% of total revenues, respectively. For the three months ended March 31, 2011, voice revenues were $7.2 million, mobile revenues were $1.5 million and other revenues were $500,000, or 78%, 16% and 6% of total revenues, respectively. The dollar and percentage increases in mobile revenues reflected both (a) growth in our existing business, which increased by 35% on a dollar basis, and (b) additional revenue from our acquisitions of SmartReply in June 2011 and 2ergo Americas in February 2012. We expect mobile revenues to continue to increase, both in dollars and as a percentage of total revenues, for the foreseeable future.
The $1.9 million increase in revenues for the three months ended March 31, 2012 as compared to the same period in 2011 was mainly due to the acquisitions of SmartReply in June 2011 and 2ergo Americas in February 2012. Revenues from legacy clients of SmartReply and 2ergo Americas totaled $1.3 million and $280,000, respectively. In addition, revenues from existing clients increased $331,000 and revenues from new clients, excluding legacy clients of SmartReply and 2ergo Americas, totaled $43,000. Overall, voice revenues increased $248,000, mobile revenues increased $1.2 million and other revenues increased $455,000 for the three months ended March 31, 2012 as compared to the same period in 2011. Voice, mobile and other revenues as a percentage of total revenues were 67%, 24% and 9% in the first quarter of 2012, respectively, compared to 78%, 16% and 6% in the same period in 2011, respectively. The growth of mobile revenues is a trend we expect to continue.
The $625,000 increase in cost of revenues for the three months ended March 31, 2012 as compared to the same period in 2011 reflected a $364,000 increase in telephony expense mainly due to higher delivery costs and a $278,000 increase in text and email costs primarily due to higher client usage. Fixed costs, including compensation expense and infrastructure costs, remained flat for the three months ended March 31, 2012 as compared to the same period in 2011, resulting in the improvement to our gross profit margin.
Sales and Marketing. The $476,000 increase in sales and marketing expenses for the three months ended March 31, 2012 as compared to the same period in 2011 resulted primarily from a $340,000 increase in amortization expense mainly related to customer lists purchased in recent acquisitions, a $61,000 increase in marketing program expenses and a $42,000 increase in recruiting fees.
Read the The complete Report
Soundbite Comm has a market cap of $44.1 million; its shares were traded at around $2.63 with and P/S ratio of 1.1.
Highlight of Business Operations:
2ergo Americas Acquisition. In February 2012, we acquired 2ergo Americas, the U.S. operations of 2ergo Group plc, for a cash purchase price of $3.8 million (subject to post closing adjustment). 2ergo Americas is a mobile business and marketing solutions company located in Arlington, Virginia and has a current annualized revenue run rate of approximately $3.5 million. Revenues generated from clients acquired as part of the 2ergo Americas acquisition during the three months ended March 31, 2012 were $280,000.Management tracks revenues by mobile, voice and other in order to review and evaluate our delivery channels. Mobile revenues are generated from any form of consumer interaction through a mobile device, excluding any of the voice channels. Voice revenues are generated from automated voice messaging and our hosted dialer. Other revenues include revenue attributable to email, professional services and access fees. For the three months ended March 31, 2012, voice revenues were $7.4 million, mobile revenues were $2.7 million and other revenues were $1.0 million, or 67%, 24% and 9% of total revenues, respectively. For the three months ended March 31, 2011, voice revenues were $7.2 million, mobile revenues were $1.5 million and other revenues were $500,000, or 78%, 16% and 6% of total revenues, respectively. The dollar and percentage increases in mobile revenues reflected both (a) growth in our existing business, which increased by 35% on a dollar basis, and (b) additional revenue from our acquisitions of SmartReply in June 2011 and 2ergo Americas in February 2012. We expect mobile revenues to continue to increase, both in dollars and as a percentage of total revenues, for the foreseeable future.
The $1.9 million increase in revenues for the three months ended March 31, 2012 as compared to the same period in 2011 was mainly due to the acquisitions of SmartReply in June 2011 and 2ergo Americas in February 2012. Revenues from legacy clients of SmartReply and 2ergo Americas totaled $1.3 million and $280,000, respectively. In addition, revenues from existing clients increased $331,000 and revenues from new clients, excluding legacy clients of SmartReply and 2ergo Americas, totaled $43,000. Overall, voice revenues increased $248,000, mobile revenues increased $1.2 million and other revenues increased $455,000 for the three months ended March 31, 2012 as compared to the same period in 2011. Voice, mobile and other revenues as a percentage of total revenues were 67%, 24% and 9% in the first quarter of 2012, respectively, compared to 78%, 16% and 6% in the same period in 2011, respectively. The growth of mobile revenues is a trend we expect to continue.
The $625,000 increase in cost of revenues for the three months ended March 31, 2012 as compared to the same period in 2011 reflected a $364,000 increase in telephony expense mainly due to higher delivery costs and a $278,000 increase in text and email costs primarily due to higher client usage. Fixed costs, including compensation expense and infrastructure costs, remained flat for the three months ended March 31, 2012 as compared to the same period in 2011, resulting in the improvement to our gross profit margin.
Sales and Marketing. The $476,000 increase in sales and marketing expenses for the three months ended March 31, 2012 as compared to the same period in 2011 resulted primarily from a $340,000 increase in amortization expense mainly related to customer lists purchased in recent acquisitions, a $61,000 increase in marketing program expenses and a $42,000 increase in recruiting fees.
Read the The complete Report
