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TORONTO, July 11 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2018 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $7.2 million compared to $6.4 million in the same period in F2017. Revenue for the first nine months of F2018 grew to $22.6 million compared to $21.6 million for the same period in F2017. Q3 F2018 revenue growth was accomplished thanks to strong performances from theScore’s Canadian direct sales and US programmatic businesses.

EBITDA loss for the three months ended May 31, 2018 improved to $44K, compared to a loss of $2.2 million for the same period the previous year. EBITDA loss for the first nine months of F2018 improved to $30K compared to a loss of $4.0 million for the same period the previous year. EBITDA loss for the three and nine months ended May 31, 2017 included an impairment loss on the disposal of a non-core investment of $0.8 million.

Average monthly active users of theScore app on iOS in Q3 F2018 were up 9% compared to the same period the previous year, including growth in May of more than 12% year-over-year. iOS growth was offset by lower monthly active users of theScore app on Android. As a result, total average monthly active users of theScore mobile app in Q3 F2018 were 3.9 million, consistent with the same period the previous year. Average monthly app sessions-per-user were 93 versus 96 for Q3 F2017.

“It’s been an exciting period for theScore,” said John Levy, CEO and Founder of theScore. “We’ve seen continued strong app user growth on our iOS platform, a new monthly record of more than 50 million sports fans reached on our social and emerging platforms, and last week’s launch of theScore on Bixby to increase our presence on Android devices.

“This quarter also saw the legalization of sports betting in the United States, which presents an exciting opportunity for us. The state-by-state roll-out of this, and the different models being explored within each individual state, means the US sports betting landscape remains a fluid one. theScore is uniquely positioned to capitalize on this opportunity thanks to our mobile sports expertise, combined with our large and highly-engaged audience. We look forward to sharing more on our plans in due course.”

theScore will be hosting a conference call at 4:30pm EST on Wednesday, July 11. Management will review the Company’s Q3 F2018 results, followed by a question and answer session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

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theScore Featured Image

– Financial results to be released at market close
– Conference call to be conducted at 4:30pm EST

TORONTO, July 5 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q3 F2018 financial results at market close on Wednesday July 11, 2018.

The Company will also be hosting a conference call at 4:30pm EST on Wednesday July 11, 2018 where Founder & Chief Executive Officer John Levy and President & Chief Operating Officer Benjie Levy will review the Company’s results followed by a Q&A session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

theScore Featured Image

TORONTO, July 26 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $6.4 million compared to $6.1 million in the same period the previous year. Revenue for the first nine months of F2017 grew to $21.6 million versus $18.9 million for the same period in F2016. Revenue growth was powered by theScore’s Canadian and US direct sales teams, as well as growth in engagement within theScore’s mobile apps.

Adjusted EBITDA loss for the three months ended May 31, 2017 was $1.5 million versus $3.0 million in the same period the previous year. A combination of an increase in revenue plus savings in expenses led to direct improvements in the Company’s profitability. Net and comprehensive loss for the three months ended May 31, 2017 was $2.9 million compared to $4.4 million in the same period the previous year.

Average monthly sessions of theScore’s mobile apps reached 379 million compared to 358 million for the same period the previous year, with users opening our apps an average of 92 times a month each. Average monthly active users of theScore’s mobile apps were 4.1 million versus 4.3 million in Q3 F2016.

“Our team is very much focused on the imminent roll-out of some significant new features for our flagship app as the start of football season draws closer,” said John Levy, Founder and CEO of theScore.

“We’ve already begun testing some of these with a small percentage of users and the early signs suggest we’ve got something that will further strengthen our position as the number one challenger app to ESPN in North America.

“The evolution of theScore app will be an ongoing process to ensure we’re meeting the demands of sports fans on mobile devices. We’re also seeing positive progress in growing the engagement and size of our off-platform audience, including theScore Bot for Facebook Messenger and with our esports video strategy.

“Our continued growth in revenue, underpinned by our diligent focus on managing our expenses, means we remain well on track to be adjusted EBITDA positive in F2018.”

theScore will be hosting a conference call at 8:30am EST on Wednesday, July 26. Management will review the Company’s Q3 F2017 results, followed by a question and answer session.

Conference Call Dial-In Numbers
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 996482 #

The conference call will also be webcast live here.

 

For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

Non-IFRS Financial Measures
In addition to disclosing results in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”), theScore also provides supplementary non-IFRS financial measures as a method of evaluating the Company’s performance. theScore utilizes earnings before interest, taxes, depreciation and amortization (“EBITDA”) to measure operating performance. theScore’s definition of EBITDA excludes depreciation and amortization, finance income, income taxes, and acquisition costs which in theScore’s view do not adequately reflect its core operating results. EBITDA is used in the determination of short-term incentive compensation for all senior management personnel. EBITDA is not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net and comprehensive income or loss prepared in accordance with IFRS or as a measure of operating performance or profitability. EBITDA does not have a standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

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theScore Featured Image

TORONTO, July 11 2016 – theScore, Inc. (TSX Venture: SCR) (“theScore”), a leader in creating mobile sports experiences, plans to release its Q3 F2016 financial results on Thursday, July 14 at 7:00am EST.

theScore will also be hosting a conference call where Founder & Chief Executive Officer John Levy, President & Chief Operating Officer Benjie Levy and Chief Financial Officer Tom Hearne will review the Company’s results followed by a question and answer session.

The conference call is scheduled to begin at 8:30am EST on Thursday, July 14. To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In Numbers
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 168416 #

Click here to register for the conference call webcast.


For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to what they love through an addictive combination of comprehensive and personalized real-time news, scores, stats and alerts via its mobile sports platforms theScore and theScore esports and fantasy sports contests via QuickDraft.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

theScore Featured Image

– Mobile sports company releases fiscal 2015 third quarter results

TORONTO, July 16 2015 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2015 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2015 Q3 USER METRICS AND REVENUE HIGHLIGHTS 

  • Average monthly active users of theScore’s mobile platforms reached a record 10.5 million in Q3 F2015, comprised of 4.4 million mobile app users and 6.1 million mobile web users, an increase of 91% compared to the same period in F2014.
    • Average monthly active users of theScore’s iOS and Android mobile apps increased by 18% compared to the same period in F2014.
    • Average monthly active users of theScore’s mobile web platform increased 310% compared to the same period in F2014.
  • Average monthly sessions of theScore’s iOS and Android mobile apps reached 285 million in Q3 F2015, an increase of 79% compared to the same period in F2014.
  • Achieved revenue of $3.2 million in Q3 F2015, an increase of 60% compared to the same period in F2014.
    • Advertising revenue for Q3 F2015 increased by 73% compared to the same period in F2014.

“Q3 broke new records and we’ve already surpassed the total revenue achieved in F2014 with a full quarter remaining,” said John Levy, Founder and CEO of theScore.

“User engagement of our mobile apps continues to soar, with our session numbers proving that theScore is very much a part of sports fans’ daily lives. Q3 also saw the continued roll-out of our eSports offering, reinforcing our reputation as the go-to mobile destination for eSports coverage.

“We’re now looking ahead to the upcoming re-launch of Swoopt, the mobile-first daily fantasy sports game we acquired in Q2. Our product development team has been working extremely hard on delivering improvements and enhancements to gameplay that we’re excited to introduce to our existing user base as well as fans of fantasy sports everywhere.”

FISCAL 2015 Q3 OPERATIONAL HIGHLIGHTS

  • theScore eSports was launched on iOS, giving fans of competitive gaming on iPhones an app for breaking news, live scores, stats, push alerts and links to streams from across the world of eSports.
    • theScore eSports further expanded its real-time coverage of competitive gaming by adding live scores and stats for the games Dota 2 and Counter-Strike: Global Offensive to its Android and iOS apps.
  • theScore became one of the first apps to be available for the newly released Apple Watch, delivering real-time scores, stats and breaking news notifications on users’ favorite leagues, teams and players right to their wrist.
  • theScore closed a bought deal offering whereby it sold 39.56 million Units for gross proceeds of $26.5 million. The deal was led by Mackie Research Capital Corporation and the syndicate also involved Canaccord Genuity Corp. and Beacon Securities Ltd. The Levy Family and Relay Ventures also participated in the offering, with net proceeds from the Offering to be used to support the ongoing development of the Company’s mobile sports apps and the expansion of sales and marketing efforts and for general corporate and working capital purposes.


Q3 F2015 FINANCIAL RESULTS

Revenue for the three months ended May 31, 2015 was $3.2 million compared to $2.0 million the previous year, an increase of 60%. Revenue for the nine months ended May 31, 2015 was $9.4 million compared to $6.0 million the previous year, an increase of 57%.

Adjusted EBITDA loss for the three month period was $3.2 million compared to $2.1 million in the same period in the prior year, an increase of $1.1 million. Adjusted EBITDA loss for the nine month period was $6.6 million compared to $5.1 million in the same period in the prior year, an increase of $1.5 million. Excluding the impact of a one time reduction of personnel costs of $1.7 million in Q2 of the prior year related to tax credits, year-over-year Adjusted EBITDA loss decreased by $0.2 million for the nine month period ending May 31, 2015.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to what they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms ‘theScore,’ ‘theScore eSports,’ ‘ScoreMobileFC’ and ‘Swoopt.’

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

Financials 1 Financials 2 Financials 3 Financials 4

theScore S Logo

– Revenue grows 44% year-over-year as mobile sports company attracts record user numbers

TORONTO, July 24 2014 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months and nine months ended May 31, 2014 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2014 Q3 OPERATIONAL HIGHLIGHTS 

  • Average monthly active users of theScore’s mobile platforms reached 5.5 million in Q3 F2014, an increase of 33% compared to the same period in F2013.*
  • Average monthly user sessions of theScore’s mobile platforms reached more than 182 million in Q3 F2014, an increase of 38% compared to the same period in F2013.*
  • Mobile advertising revenues for the three and nine months ended May 31, 2014 increased by 60% and 90%, respectively, compared to the same periods the previous year.
  • theScore was named an ‘Official Honoree’ in the category of ‘Sports: Handheld Devices’ in one of the digital world’s most prestigious awards – The Webby Awards.
  • theScore launched ‘Feed’ on its Android app – allowing users to create their own continuously updated stream of sports content, combining all the information on the leagues, teams and players the user is following in a single view.
  • theScore.com was redesigned, making it fully responsive and providing a great viewing experience for sports fans across a wide range of devices and screens, combined with all the news and data fans have come to expect from its flagship mobile app.
  • theScore significantly enhanced its soccer coverage on its iOS and Android apps, offering news, scores and stats from all major English domestic league and cup competitions as well as those in Spain, Italy, Germany, France, Mexico, MLS and the UEFA Europa League and World Cup.

“We set new records for sports fans using theScore on their mobile devices during what proved to be a very strong Q3,” said John Levy, Chairman and CEO of theScore. “Our round of financing has equipped us to continue improving our already outstanding mobile-first sports experience while also expanding our marketing efforts. Q4 is off to a great start thanks to our great World Cup coverage, and we’re excited about what we’ll achieve during the remainder of F2014.”

FISCAL 2014 Q3 FINANCIAL RESULTS
Revenue for the three months ended May 31, 2014 was $2.0 million compared to $1.4 million for the same period the previous year, an increase of 44%. Revenue for the nine months ended May 31, 2014 was $6.0 million compared to $4.0 million for the same period the previous year, an increase of 51%.

EBITDA loss for the three months ended May 31, 2014 was $2.1 million compared to a loss of $2.4 million for the same period the previous year. EBITDA loss for the nine months ended May 31, 2014 was $5.1 million compared to a loss of $7.1 million in the same period the previous year. This was a result of increased revenues of $0.6 million and $2.1 million respectively, and increased operating expenses related mainly to increased headcount and marketing expenses, offset by Ontario Interactive Digital Media Tax Credit.

*User metrics from Q3 F2013 exclude theScore’s secondary mobile sports application, SportsTap, which was retired September 30, 2013.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore creates mobile-first sports experiences, connecting fans to what they love through an addictive combination of real-time news, scores, fantasy information and alerts while creating and curating content that is mobile optimized, comprehensive, customizable and seamlessly shareable. theScore is available on iOS, Android, BlackBerry and Windows Phone devices.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

1st statement

 

2nd statement

 

3rd statement

 

4th statement

 

theScore App

TORONTO, July 25 2013 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2013 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2013 Q3 OPERATIONAL HIGHLIGHTS 

  • Average monthly active users of theScore’s mobile platforms reached 4.5 million in Q3 F2013 compared to 3.6 million in Q3 F2012, an increase of 25%.
  • In May, theScore announced the closing of a $16 million private placement financing, allowing the Company to accelerate the development and marketing of its mobile sports apps.
  • In May, theScore recorded more than one million subscribers to Breaking News Alerts on iOS and Android devices.

“More sports fans than ever are using theScore,” said John Levy, Chairman and CEO of theScore. “Accelerating user growth remains our top priority, and our recent private placement financing has allowed us to significantly bolster our product development and content teams. We can’t wait to unveil our next game-changing features this fall.”


LEADERSHIP TEAM APPOINTMENTS

Mr. Levy also announced the following changes to the Company’s senior leadership team, which will take effect September 1, 2013:

Benjie Levy, currently Executive Vice President and Chief Operating Officer will be appointed President and Chief Operating Officer. Benjie will be responsible for the development and execution of theScore’s business strategy and management of theScore’s operations.

Jonathan Savage, currently Vice President, Product will be appointed Senior Vice President, Product. In this role, Jonathan will lead the design and development of theScore’s products and services, and oversee theScore’s product development, engineering, growth and analytics teams.

Ethan Ross, currently Vice President, US Sales, will be appointed Senior Vice President, Sales.  Ethan will expand his responsibilities and assume responsibility for theScore’s global advertising sales efforts, including sales, client services and ad operations.

Joe Ross, currently Director, Content will be appointed Vice President, Content. Joe will be responsible for the leadership of theScore’s content strategy, overseeing theScore’s editorial and original content teams.


FISCAL 2013 Q3 FINANCIAL RESULTS

Revenue for the three months ended May 31, 2013 was $1.37 million compared to $1.15 million in the same period the previous year, an increase of 19%. Revenue for the nine months ended May 31, 2013 was $3.97 million compared to $2.86 million for the same period the previous year, an increase of 39%.

EBITDA loss for the three months ended May 31, 2013 was $2.35 million compared to $2.07 million in the same period the previous year and $7.08 million for the nine months ended May 31, 2013 compared to $4.65 million for the same period the previous year. This difference was primarily as a result of an increased investment in personnel related to the development of theScore’s mobile apps as well as the impact of the Ontario Interactive Digital Media Tax Credit, which reduced the comparative EBITDA loss by $1.48 million for the same nine-month period last year.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore is the ultimate, personalized mobile experience which serves a new generation of sports fans. By providing an insanely addictive combination of real-time engagement and shared experiences, theScore connects sports fans to what they love, dispensing real-time sports news, scores, fantasy information and alerts while creating and curating content which is compelling, relevant and seamlessly shareable.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Listing Application as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

Table 1

 

Table 2

 

 

Table 3

 

 

The following tables reconcile net and comprehensive income (loss) to EBITDA.

Table 4