526% Increase in year over year revenue growth and $4.2 million in Non-GAAP income up from a $300k loss the previous year. You won't find many companies that can claim the same.
> 2014 revenues of $21.4 million, up 526% from $3.4 million from the prior year.
> Achieved 2014 Non-GAAP net income of $4.2 million, or $0.36 per common share, compared to a 2013 net loss of $(300,000), or $(0.03) per share.
> Cash and cash equivalents of $5.1 million as of December 31, 2014, compared to $3.6 million as of December 31, 2013.
> Acquired nine patent portfolios in active enforcement consisting of 260 patents during the year bringing total to 378.
> Currently have 19 portfolios covering 14 distinct technology areas, 16 in active licensing campaigns compared to four at year-end 2013.
> Twelve portfolios have generated revenue to date, up from three portfolios through the end of 2013.
> Six portfolios have generated a net positive return in excess of their cost to acquire and enforce the portfolio.
> Added seasoned IPNav veterans Rick Sanchez and Umesh Jani to the Marathon team.
> Launched Opus Analytics patent analysis platform.
Commenting on the Company's 2014 financial results, Doug Croxall, Founder & Chief Executive Officer of Marathon, stated, "Marathon saw significant revenue growth in 2014. Revenues of $21.4 million were up 526% year-over-year. This increase in our top-line can be attributed to strong execution of our patent licensing campaigns and an increase in the number of patents and patent portfolios acquired during 2014."
"Since the beginning of the 2015, we have already had three Markman hearings covering 31 defendants. Throughout the remainder of 2015, our subsidiaries have an additional seven Markman hearings covering 25 defendants, along with nine trials covering 18 defendants. We believe the current Markman and trial schedule for 2015 has the potential to trigger significant revenue events." Mr. Croxall concluded.
