Skip to main content

Market Overview

Roomlinx Reports Results for the Second Quarter 2009

Share:

DENVER, CO--(Marketwire - August 14, 2009) - Roomlinx, Inc. (OTCBB: RMLX), the hospitality
in-room expert providing Interactive TV solutions, today announced results
for the second quarter 2009.

Roomlinx reported revenues of $427,019 for the quarter ended June 30, 2009,
a slight increase over its $424,392 of revenues for the quarter ended June
30, 2008. Roomlinx' gross profit for the same period was $98,671, a 49%
decrease over the $193,835 gross profit for the same period in 2008. These
results are primarily attributable to Roomlinx' shift in focus from High
Speed Internet Access ("HSIA") to its new Interactive TV product. Higher
gross profit numbers are expected, on the residual revenues, as more
interactive TV systems are installed.

Roomlinx reported a net loss of $2,815,695, compared to a net loss of
$1,631,838 for the three months ended June 30, 2008. Net income results
for the quarter ended June 30, 2009 are attributed to a non-cash derivative
expense of $2,352,090 as well as a non-cash stock compensation expense of
$118,774. Net loss, excluding non-cash items, was $334,831 for the quarter
ended June 30, 2009 compared to a net loss of $231,092 for the quarter
ended June 30, 2008.

"Even during this tough economic time we are gaining momentum with each new
Interactive TV installation. We will continue to stay focused and maintain
the position that there is a strong opportunity within this market segment
for our innovative platform," said Mike Wasik, CEO.

About Roomlinx

Roomlinx is the hospitality expert providing Interactive TV solutions
designed to increase revenues and brand loyalty for hotels, resorts, and
other properties, utilizing premium content and applications demanded by
today's traveler. For more information about Roomlinx, visit
www.roomlinx.com.

Safe Harbor Cautionary Statement

Certain statements in this news release, including statements that we
"believe," "expect," "intend," "plan" or words of similar import, are
forward-looking information within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this release,
including, without limitation, statements regarding potential future plans,
new products and services and objectives of the company, are
forward-looking statements that involve risks and uncertainties. There can
be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from those in the forward-looking statements include, among
other things, the following: the company's successful implementation of the
new products and services, demand for the new products and services, the
company's ability to successfully compete against competitors offering
similar products and services, general economic and business conditions;
unexpected changes in technologies and technological advances; ability to
commercialize and manufacture products; results of experimental studies
research and development activities; changes in, or failure to comply with,
governmental regulations; and the ability to obtain adequate financing in
the future. This information is qualified in its entirety by cautionary
statements and risk factors disclosure contained in certain of the
Company's Securities and Exchange Commission filings available at
http://www.sec.gov, which you should carefully review. Roomlinx does not
assume any obligation to update or revise any forward-looking statements,
whether as the result of new developments or otherwise.

 

Related Articles (TV)

View Comments and Join the Discussion!