Onstream Media Corporation (Nasdaq: ONSM) is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet.
On Friday, the company announced that its management will be conducting a conference call on Monday, January 16, 2012 at 4:30 p.m. ET. The Company’s fiscal 2011 fourth quarter and full year financial results for the period ending on September 30, 2011 will be discussed.
The Company anticipates that it will release its financial results and file its Form 10-K after the close of trading on the previous trading day, Friday, January 13, 2012. During this conference call, Mr. Randy Selman, President and CEO of Onstream Media Corporation and Mr. Robert Tomlinson, the Company's CFO, will discuss the Company's financial results and will provide an outlook for fiscal 2012. The discussion by management will be followed by an open Q&A session.
Mr. Selman stated, "We have already announced consolidated revenues for fiscal 2011 of approximately $17.7 million, approximately 6.0% in excess of our fiscal 2010 revenues, and consolidated revenues for the fourth quarter of fiscal 2011 of approximately $4.3 million, approximately 7.1% in excess of our revenues for the fourth quarter of fiscal 2010. We have also announced positive cash provided by operating activities (before changes in current assets and liabilities) for fiscal 2011, which is positive for the full year for the first time in our company's history. We do not expect our full report on January 13 to contain any material changes to these already reported items."
Interested parties may listen to the presentation live by visiting http://www.visualwebcaster.com/event.asp?id=84469 or by calling 1-888-645-4404 or 201-604-0169. Parties should dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year online at Visual Webcaster.