Financial information in the interim report is unaudited
TIE Kinetix announces Q3 highlights
Breukelen, the Netherlands, August 13th, 2014
Third Quarter Interim Management Statement (period April 1 – June 30, 2014).
· Total revenue increased by 53% to € 5.324k (Q3 2013: € 3.473k)
· Excl. TFT total revenue increased by 1.2% to € 3.515k (Q3 2013: € 3.473k)
· E-Commerce revenue increased with 92% to € 946k (Q3 2013: € 492k)
· Excl. TFT E-Commerce revenue increased with 46% to 720k (Q3 2013: € 492k)
· Demand Generation revenue increased with 274% to € 1.387k (Q3 2013: € 371k)
· Excl. TFT Demand Generation revenue decreased with 33% to € 247k (Q3 2013: € 371k)
· SaaS and hosting revenue increased by 100% to € 2.229k (Q3 2013: € 1.114k)
· Excl. TFT SaaS and hosting revenue increased by 32% to € 1.471k (Q3 2013: € 1.114k)
· EBITDA amounts to € 360k (Q3 2013: € - 124k)
· EBIT amounts to € 153k (Q3 2013: € - 430k)

Highlights:
TIE Kinetix, the leading provider of cloud-managed Demand Generation, E-Commerce, Integration and Analytics & Optimization services today released its interim management statement for Q3 of its fiscal 2014.

Business highlights
In April TIE Kinetix’ Integration product was positioned by Gartner, Inc. in the inaugural Gartner Magic Quadrant for Integration Brokerage (IB)[1]. The recognition is based on completeness of vision and ability to execute.

Also in April, analyst firm SiriusDecisions released a vendor brief outlining the features and functionality of TIE Kinetix’s Demand Generation Platform for Channel Marketing. TIE Kinetix makes it easy for channel marketers to accelerate customer demand and increase sales conversion for their partner community.

Revenue by region Q3, 2014 Q3, 2013
The Netherlands 1729 1619 7%
North America 1233 1262 -2%
France 282 216 31%
TFT/DACH 2037 388 425%
rest of World 231 288 -20%
Eliminations -188 -300 -37%
Total revenues 5324 3473 53%

During the quarter the company completed an upgrade of its ERP application requiring an investment of around € 350k, which was financed through the RABO overdraft facility. This will be repaid from the company’s operating cash flow. At the end of Q3, 2014 shareholders’ equity amounted to € 5.326 (Q2, 2014: € 5.185) and the company held a net cash position of € - 751k. This cash position subsequently evolved to € -516k at August 12th.

TIE Kinetix is changing its organizational responsibilities to exploit the benefits of cross selling products and services across new and existing customers worldwide. As from October 2014 onwards, our segment reporting will change from geographical segments to Business Line segments.