RMG Networks Holding Q1 Revenue Increases Year-Over-Year

RMG Networks Holding reported total Q1 revenues from continuing operations of $9.3 million, up from $8.97 million a year prior.

Operating loss from continuing operations for the quarter ended March 31, 2015 was $4.0 million compared to an operating loss of $5.9 million for the same quarter last year. Analyst estimates were not available.

“In the first quarter, we experienced the effects of the typical seasonal patterns that impact our business,” Robert Michelson, Chief Executive Officer, said in a statement. “However, with our focused sales strategy and innovative new products gaining traction in the market, we are confident our pipeline will drive the typical seasonal growth we have historically seen and increasing growth overall during the long-term.” RMGN trades in a 52-week range of $1.01 to $2.74 with shares steady at $1.66 pre-bell.