Business Wire

EZTD Inc. Business and Trading Update and Listing on OTC Bulletin Board

Del

EZTD Inc. (OTCQB:EZTD) (“EZTD” or “the Company”), a worldwide leader of online binary options trading, is pleased to announce that its common stock has been approved for quotation on the U.S. over-the-counter bulletin board (OTCBB) and to provide an update on its business and trading for the nine-month period ended September 30, 2015.

Business and Trading Update

EZTD has developed and currently operates an online trading platform allowing retail customers to trade a wide range of binary options internationally with more than 100 different assets. The Company’s proprietary trading platform is accessible from multiple operating systems (Windows, Safari, iOS and Android, and mobile apps). It is designed to be as intuitive and user-friendly as possible.

During the nine-month period ended September 30, 2015, the Company invested in new sponsorships and increased it investments in brands and new technology.

The Company generated revenues primarily from its binary options business. The Company’s total revenues for the nine months ended September 30, 2015 increased by 36% to approximately $19.5 million, from approximately $14.3 million for the nine months ended September 30, 2014. This growth is mainly due to the Company’s increased spending on customer acquisition, website development, R&D and marketing.

In addition, the Company reported positive adjusted EBITDA of $730,000 for the nine months ended September 30, 2015, while in the nine months ended September 30, 2014 the Company had negative adjusted EBITDA of $1.1 million.*

“We are delighted to have commenced trading in the public marketplace and are committed to providing our investors with information on the Company and the progress it makes,” said Shimon Citron, EZTD’s Chief Executive Officer. “We look forward to continuing to provide excellent service to all of our customers and we expect to finish 2015 with approximately $25 million in annual revenues,” Citron concluded.

* See ‘Reconciliation of EBITDA and Adjusted EBITDA to Net Income’ below.

About EZTD Inc.

Launched in June 2011, EZTD (formerly, EZTRADER Inc.) is one of the pioneers of secure and regulated online binary trading and maintains its position as a leading, reputable and reliable binary options platform. The Company offers 24/7 trading on more than 120 assets including commodities, stocks, currency pairs and indexes.

Currently available in more than 11 languages, the Company is growing rapidly and continues to seek exciting opportunities to further enhance its presence throughout Europe. The Company’s advanced mobile app is user-friendly and secure, and is available for both Android and iOS-compatible smartphones and tablets. EZTD is a sponsor to some of the leading sports teams in Europe. The Company is authorized by CYSEC throughout Europe.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. For example, when the Company discusses its expected 2015 revenues it is using a forward-looking statement. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals, product demand, market acceptance, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks associated with the adequacy of existing cash resources. Additional factors that could cause or contribute to differences between the Company's actual results and forward-looking statements include, but are not limited to, those risks discussed in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned that actual results may differ significantly from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

 

RECONCILIATION OF EBITDA AND ADJUSTED EBITDA TO NET INCOME

U.S. dollars in thousands.

   

Nine months ended

September 30,
2015

 

September 30,
2014

Unaudited
Net loss $ (3,711 ) $ (7,261 )
Add: Financial expenses, net 2,229 755
Add: Income taxes

-

-
Add: Depreciation and amortization 325 143
Add: Impairment of bank deposits   -     4,122  
EBITDA   (1,157 )   (2,241 )
Add: Other (income) expense 608 -
Add: Stock-based compensation   1,279     1,182  
Adjusted EBITDA $ 730   $ (1,059 )

The table above reconciles net income to EBITDA and Adjusted EBITDA. EBITDA is defined as net income before net interest expense, income taxes, depreciation and amortization and a one-time expense of a non-recurring loss due to the bankruptcy of Corporate Commercial Bank in Bulgaria, which is not relevant to forward-looking analyses and is not linked to the Company’s operational performance. Adjusted EBITDA is defined as EBITDA before other operating expenses related to the acquisition of a subsidiary in Japan and a regulatory fine, and expenses related to stock-based compensation. Although EBITDA and Adjusted EBITDA are not measures of performance calculated in accordance with GAAP, management believes that they are useful to the Company and to an investor in evaluating the Company because they are widely used measures to evaluate a company’s operating performance.

Contact information

Luther Pendragon
Alexis Gore
+44 207 618 9100
www.eztd.info

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Edgewater Networks Announces Event Sponsorship of BroadSoft Connections 201720.10.2017 21:00Pressemelding

Edgewater Networks, Inc., the industry leader in Network Edge Orchestration, announced today that it is an event sponsor of the BroadSoft Connections 2017 user conference, which takes place October 22-25 at the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, AZ. During the event, Edgewater Networks will feature demonstrations of the latest end-to-end network interoperability capabilities, including Zero Touch Provisioning, UC Analytics from the core to the endpoint, SD-WAN optimized for BroadSoft, and much more. Continuing a long-standing partnership with BroadSoft, Edgewater Networks has completed another level of BroadCloud certification, this time for local survivability which is critical for business continuity for SMB and Enterprise customers. BroadSoft’s PacketSmart is available on all EdgeMarc Intelligent Edges. All elements of the Network Edge Orchestration are

More than 70 Companies to Showcase Top Tech at CES Unveiled Paris20.10.2017 15:08Pressemelding

The Consumer Technology Association (CTA) today announced that more than 70 exhibitors will showcase their latest innovations at the now sold-out fifth annual CES Unveiled Paris The event will focus on the Internet of Things (IoT), connectivity and smart cities, and draw more than 600 attendees. CES Unveiled Paris will run from 2-7:30 PM on Tuesday, October 24, 2017 at the Palais Brongniart. Regional technology companies, top-tier media outlets, buyers and key industry influencers will come together at CES Unveiled Paris to get a direct look at the latest industry developments. The day kicks off with a CES news conference and CTA market trends presentation. Conference programming is followed by a tabletop exhibition & networking reception. Curated exhibitors will be there to showcase top tech from robotics and audio to smart home and augmented and virtual reality. Notable

Westinghouse Receives Regulatory Approval for Analysis Methodologies20.10.2017 12:15Pressemelding

Westinghouse Electric Company today announced that it has received approval from the U.S. Nuclear Regulatory Commission (NRC) for two new important analysis methodologies that will be used to upgrade Westinghouse- and Combustion Engineering-based nuclear steam supply system (NSSS) safety analyses. The approvals granted are for the new FULL SPECTRUMTM Loss of Coolant Accident (FSLOCATM) methodology and the Performance Analysis and Design Model software code update, PAD5. FSLOCA is capable of improved modeling of the transient response in a pressurized water reactor to the full spectrum of LOCA break sizes that could occur, and PAD5 is the next generation of the Westinghouse fuel rod design performance code. “These codes were developed to work in concert with each other to maximize analytical margin for nuclear utilities,” said Michele DeWitt, senior vice preside

Gilead Announces Multiple Scientific Presentations Demonstrating High Cure Rates in Difficult-to-Cure HCV Patients and Improved Long-Term Bone and Renal Safety of Vemlidy® in HBV Patients Switched from Viread®20.10.2017 12:03Pressemelding

Gilead Sciences, Inc. (NASDAQ: GILD) today announced results from Phase 2 and Phase 3 studies of its approved medicines for chronic hepatitis C virus (HCV) and hepatitis B virus (HBV) infection, adding to the body of evidence supporting Gilead’s viral hepatitis therapies in diverse patient populations. These and other data from more than 25 abstracts will be presented this week at The Liver Meeting® 2017, which begins today in Washington, D.C. Positive results from studies of Harvoni® (ledipasvir 90mg/sofosbuvir 400mg) in HCV-infected patients with severe renal impairment, Epclusa® (sofosbuvir 400mg/velpatasvir 100mg) in HCV-infected liver transplant recipients and Vosevi® (sofosbuvir 400mg/velpatasvir 100mg/voxilaprevir 100mg) in NS5A-inhibitor experienced HCV-infected patients will be presented during poster sessions on October 21 and October 22. In addition, updated results f

SP3H Announces That It Has Obtained a €1.2 Million European Union Grant for Its Intelligent and Clean Vehicle (VIP) Project20.10.2017 10:47Pressemelding

SP3H is proud to announce joining the very select circle of the 10 French winners of the H2020 SME Instrument Phase 2 program since 2014. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171020005325/en/ Last summer VIP received the very prestigious SME instrument phase 2 H2020 label in the "transport & smart cities mobility" category. With an overall budget of € 1.7 million, VIP is subsidized by the European Union at a rate of 70% or €1.2 million. The framework contract was officially signed early October. VIP is the pre-industrialization program for Fuelbox sensors, the world's first miniaturized scanner capable of analyzing the quality of fuels on board vehicles. The heart of the program remains closely linked to the reduction of CO2 and pollutant emissions from vehicle

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom