NEULION, INC. T.NLN

Numbers look tremendous ... Congrats NLN

[vessob]

• GAAP revenue increased 69% to $22.7 million versus $13.4 million; non-GAAP revenue increased 99% to $26.7 million versus $13.4 million
• NeuLion Digital Platform revenue (GAAP and non-GAAP) increased 16% to $15.5 million versus $13.4 million
• DivX and MainConcept GAAP revenues were $7.2 million; non-GAAP revenue was $11.2 million
• Non-GAAP Adjusted EBITDA grew to $4.2 million versus $1.6 million
• Non-GAAP Adjusted EBITDA margin increased to 15.7% versus 11.9%

[lscfa]

The valuation does not look unreasonable either.  6 month adjusted ebitda is $11 million US x 1.30 FX rate x 2 = $28.6 million Cdn mkt cap 1.50 x 243 million shs. = 364 million Cdn ratio = 364 / 28.6 = 12.7x

[lscfa]

revisiting valuation question: annualized adj. ebitda = $28.6 million Cdn remove 12% for NHL => $25.2 million Cdn mkt cap = $0.75 x 243 million shs. = $182 million ratio = 182 / 25.2 = 7.2x

[charm7]

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[lscfa]

How do you know that the NBA and NFL don't have 5 years remaining on their contracts with NLN?

[charm7]

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[lscfa]

NLN is not just about the NFL and NBA. It has over 160 college clients and there are hundreds of small leagues worldwide where distribution rights are not an issue. Plus NLN is growing its non-sports TV Everywhere division.   Regarding competition, see slide 18 of Investor presentation below:

[charm7]

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[lscfa]

and you sound like a bashing jackass. MLBAM did not magically appear recently. They have been around for years and NLN has been doing just fine....

[charm7]

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[Craigbad]

Fixed expenses stay the same so simply taking 12% off ebitda is not even close to reflective on the damage done to ebitda by losing this large amount of revenue, nice try though.

[lscfa]

Not true. A large part of NLN business model is servicing a client with labour. When the client is gone the resources are redeployed to new clients or reduced (i.e. reduce NLN staff)

[Craigbad]

Huge fixed costs and huge r and d spending which is not paying off as it is, but even worse when clients aren't retained. This was my reason to short, but losing large amounts of top line can take out huge amounts of ebitda, not just 12%, more like over 50-60%. We will see, i may cover at 60-65 cents.

[lscfa]

Fixed costs? Where? 10K says: Cost of revenue   Cost of revenue primarily consists of:   • revenue share payments; and   • broadcast operating costs (teleport fees, bandwidth usage fees, colocation fees).   Selling, general and administrative expenses, including stock-based compensation   Selling, general and administrative (“SG&A”) expenses

[Craigbad]

I warned you all at $1.20 when i was shorting.  If this doesn't hold 60 cents next support is 30 cents.  

[charm7]

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[thedave2006]

looking good, but eps is still a loss. https://ca.finance.yahoo.com/news/neulion-reports-second-quarter-revenue-211607295.html cheers, dave.

[retiredcf]

Typical market overreaction once again sets up an excellent buying opportunity. GLTA

[eric7]

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[retiredcf]

I almost never average down but I couldn't resist in this case. GLTA