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Notation revenue was $2.4 million compared to $1.6 million.
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Net revenues were $4.8 million, compared to $3.8 million.It will offer many innovative features and a common file format to provide a platform for future development.”įinancial Results for the Quarter Ended SeptemCompared to the Quarter Ended September 30, 2011
SMARTMUSIC INBOX APP SOFTWARE
Both our rebranding and our technology initiatives have been moving forward smoothly and we are on track to complete important modernizations to our software platform and unveil our new version of Finale® in mid-2013.
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We ended the quarter with 201,838 SmartMusic subscriptions, a 14% increase over September 2011. We believe the commitment we made to invest in product development, sales and marketing capabilities and personnel is positioning MakeMusic to leverage the many changes in our markets and enhance our standing as a pre-eminent provider of cutting-edge, interactive music software products.”ĬOO and CFO Karen VanDerBosch added, “Net revenues rose 27% compared to the third quarter of 2011 and 17% on a year-to-date basis, reflecting the expansion of MakeMusic’s product lines and continued SmartMusic® growth. Chairman of the Board Robert Morrison commented, “The MakeMusic team executed well in the third quarter, achieving a sizable increase in net revenues and making solid headway with the company’s key growth initiatives.