Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results

5,045 views

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
5,045
On SlideShare
0
From Embeds
0
Number of Embeds
4,457
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results

  1. 1. First Quarter 2012 Earnings Call May 3, 2012 Copyright  2012.  
  2. 2. Cautionary Note Regarding Forward Looking StatementsCertain statements in this presentation and responses to various questions includes forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical factscontained herein, including statements regarding the continued growth in our core platform, are forward-lookingstatements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,”“potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-lookingstatements. We have based these forward-looking statements largely on our current expectations and projections aboutfuture events and financial trends that we believe may affect our financial condition, results of operations, businessstrategy and financial needs. Important factors that could cause actual results to differ from those in the forward-lookingstatements include: issues that affect the functionality of our mobile application with popular mobile operating systems, anychanges in such operating systems that degrade our mobile application’s functionality and other unexpected issues whichcould adversely affect usage on mobile devices, the willingness of our users to purchase virtual credits on their mobiledevices, and acceptance of our new brand in Latin America and globally. Further information on our risk factors iscontained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2011. Any forward-lookingstatement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actualresults to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake noobligation to publicly update any forward-looking statement, whether as a result of new information, future developments orotherwise, except as may be required by law. Copyright  2012.   QPSA 2
  3. 3. Key  Metrics   Registered  Users  (Millions) Visits  (Millions) Pageviews  (Millions) (Millions) (Millions) (Millions) 90   400   12,000   82   78   80   350   337   10,000   9,558   70   300   60   8,000   250   50   192   40   200   6,000   5,432   38   40   34   150   30   4,000   100   20   63   48   2,000   10   50   30   605   583   579   -­‐ -­‐ -­‐ Q1  2012 Q3  2011 Q1  2012 Q3  2011 Q1  2011 Q2  2011 Q3  2011 Q4  2011 Q1  2011 Q2  2011 Q4  2011 Q1  2011 Q2  2011 Q4  2011 Q1  2012 Registered  Users  (Millions) Visits  (Millions) Pageviews  (Millions)Q4  2011  results  reflect  myYearbook  as  of  the  merger  date  of  November  10,  2011.   Copyright  2012.   QPSA 3
  4. 4. Q4  2011  results  reflect  myYearbook  as  of  the  merger  date  of  November  10,  2011.   Copyright  2012.   QPSA 4
  5. 5. Q4  2011  results  reflect  myYearbook  as  of  the  merger  date  of  November  10,  2011.  Adjusted  EBITDA  is  a  non-­‐GAAP  financial  measure.    The  following  slide  includes  a  reconciliaNon  of  EDITDA  and  Adjusted  EBITDA  to  Net  Income.     Copyright  2012.   QPSA 5
  6. 6. QUEPASA  CORPORATION  AND  SUBSIDIARIES Reconciliation  of  GAAP  Net  I ncome  (Loss)  to  Adjusted  EBITDA For  the  Three  Months  Ended For  the  Three  Months  Ended For  the  Three  Months  Ended Per   Per   Per  Basic   March  31,   Per  Basic   Diluted   March  31,   Per  Basic   Diluted   December  31,   and  Diluted   2012 Share Share 2011 Share Share 2011 Share Net  l oss  allocable  to  common  shareholders $  (1,858,658) $        (0.05) $  (0.05) $  (1,517,001) $        (0.10) $  (0.07) $      (5,457,271)   $                  (0.20)    Interest  e xpense 298,068                0.01          0.01 149,986                0.01          0.01 204,199                          0.01    Depreciation  and  amortization 907,399                0.02          0.02 136,460                0.01          0.01 603,030                          0.02    Amortization  of  stock  based  compensation 1,036,061                0.03          0.03 873,234                0.06          0.03 1,469,637                          0.05 EBITDA 382,870                0.01          0.01              (357,321)            (0.02)      (0.02)              (3,180,405)                      (0.12)      Acquisition  and  restructuring  costs 290,067                0.01          0.01 367,751                0.02          0.02 779,441                          0.03    Loss  on  i mpairment  of  goodwill                                            -­‐                      -­‐              -­‐                                            -­‐                      -­‐              -­‐              1,409,127                            0.05 Adjusted  EBITDA $            672,937   $          0.02   $      0.02 $                  10,430 $          0.00   $      0.00 $              (991,837) $                  (0.04) Weighted  average  number  of  shares   outstanding,  Basic 36,189,173 15,662,232 27,770,127 Weighted  average  number  of  shares   outstanding,  Dilutive 41,800,383 24,437,565Q4  2011  results  reflect  myYearbook  as  of  the  merger  date  of  November  10,  2011.   Copyright  2012.   QPSA 6
  7. 7. Con.nued  Growth  in  Core-­‐Pla8orm  1  MAU  chart  refers  to  the  total  MAU  of  myYearbook.  myYearbook  is  the  company’s  core  plaRorm,  which  is  being  rebranded  to  MeetMe  in  July.  In  Q1  2012,  85%  of          visits  to  myYearbook  were  from  the  US.  The  growth  of  the  myYearbook  plaRorm  is  a  proxy  for  US  growth.   Copyright  2012.   QPSA 7
  8. 8. Mobile  Revenue  Growing  Nicely  Off  Small  Base  1  Mobile  revenue  refers  to  mobile  adverNsing  and  mobile  virtual  currency  revenue   Copyright  2012.   QPSA 8

×