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|In euro millions||Q1-2015||Q1-2014||Change in %||
|Change in % vs Q1-2014 proforma|
|First quarter revenues||9.6||7.6||26%||8.6||12%|
|Gross margin First quarter||7.2||6.1||18%||6.9||5%|
|Gross margin rate first quarter||75%||80%||80%|
DALET reported unaudited revenues of €9.6 million for the three-month period ended March 31, 2015, up 26% from €7.6 million in Q1 2014. Including on a pro-forma basis €0.9 million Q1-2014 revenues from the AmberFin subsidiary acquired in April 2014, revenues were up 12%.
Gross margin (defined as revenues minus cost of goods and third-party services resold) for the quarter was €7.2 million, up 18% from €6.1 million in Q1-2014, and up 5% on a pro-forma basis. The resulting Gross Margin rate diminished from 80% in Q1-2014 to 75% in Q1-2015, due to a less favorable sales mix during the quarter.
In terms of geographical distribution of revenues, Europe represented 50% of revenues for the quarter, Americas represented 38%, Asia-Pacific 8% and Middle-East Africa 5%.
Cash (unaudited) stood at €4.6 million including €0.3 million of restricted cash, vs €5.2 million on Dec 31, 2014. Financial debt stood at €5.2 million.
Dalet’s order backlog expected to be invoiced in 2015 stands at €32 million.
Dalet solutions enable broadcasters and media professionals to create, manage and distribute content to both traditional and new media channels, including interactive TV, the Web and mobile networks. Dalet combines into a single system a robust and proven Asset Management platform with advanced metadata capabilities; a configurable workflow engine, and a comprehensive set of purpose-built creative and production tools. This integrated and open environment enables end-to-end management of the entire News, Sport and Program content chain, and allows users to significantly improve efficiency, and to maximize the use and value of their assets. Dalet’s solutions are delivered through a dedicated Professional and Integration Services Department to ensure the highest possible standards. Dalet systems are used around the world by many thousands of individual users at hundreds of TV and Radio content producers, including public broadcasters (ABS-CBN, BBC, CBC, DR, France TV, RFI, Russia Today, RT Malaysia, VOA, WDR), commercial networks and operators (Antena 3, Canal+, FOX, eTV, Mediaset, Time Warner Cable, Warner Bros., Sirius XM Radio) and government organizations (Canadian House of Commons, The European Commission, Parliament of South Australia).
Dalet is traded on the NYSE-EURONEXT stock exchange (Eurolist C): ISIN: FR0011026749, Bloomberg DLT:FP, Reuters: DALE.PA.
Number of outstanding shares: 3.593.680
For more information on Dalet, visit https://www.dalet.com