PNI Digital Media Inc : PNI Digital Media Reports Fiscal 2013 Financial Results

"During fiscal 2013, we successfully brought a number of key innovations to market that broadened the PNI Platform and positioned us favourably to respond to the changing needs of our retail partners and their consumers," said Kyle Hall, Chief Executive Officer of PNI Digital Media. "Recognizing the emergence of mobile devices, tablets, social media and cloud storage allowed us to be first to market with new product builders that work on any device and have a rich user experience that integrates cloud and social media. Additionally, the release of our Platform API was a key milestone in our strategy to be a true platform leader, enabling developers to integrate the PNI Platform into their application while we still earn transaction fees without corresponding development efforts. With our new technology now in the market, we are already seeing good adoption and expect our revenues, income and transactions processed to be up in 2014."
"Our fourth quarter of 2013 was a turning point for PNI, demonstrating both year-over-year top-line revenue growth and reduced expenses, resulting in an EBITDA positive quarter," said Cam Lawrence, Chief Financial Officer of PNI. "We expect to continue growing our top-line revenue in the holiday quarter with the recent launch of our HTML5 Card and Invitations builders, and into the New Year as we launch with Office Depot and Samsung."