Augme Technologies (AUGT) is a provider of interactive mobile advertising systems. The company has reached critical mass, and fiscal 2012 should be profitable with positive cash flow.
Mobile marketing is being driven by new technology and the expanding use of Internet enabled cell phones. The process is interactive and mobile marketing is more effective than traditional passive advertising.
Augme has increased its guidance for fiscal 2012 revenue from $12 million to $16 million and expects to achieve positive cash flow during the current fiscal year.
Zacks Investment Research
