MAM Software Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported, net revenues of $7,873,000, operating income of $860,000, net income of $678,000, compared to net revenues of $7,916,000, operating income of $855,000, net income of $596,000, for the same period a year ago. Earnings per share attributed to common stockholders - diluted were $0.06 against $0.05 a year ago. Income before provision for income taxes was $662,000 against $751,000 a year ago. Adjusted EBITDA (Non-GAAP) was $1,058,000 against $1,116,000 a year ago. Changes in foreign currency exchange rates negatively impacted operating income by $166,000 as compared to the same period last year. Changes in foreign currency exchange rates negatively impacted Adjusted EBITDA by $178,000 as compared to the same period last year. Changes in foreign currency exchange rates negatively impacted net income by $204,000, or $0.02 per basic and diluted share, as compared to the same period last year.

For the year to date, the company reported, net revenues of $23,317,000, operating income of $2,629,000, net income of $2,141,000, compared to net revenues of $23,812,000, operating income of $2,637,000, net income of $2,164,000, for the same period a year ago. Earnings per share attributed to common stockholders - diluted were $0.18 against $0.17 a year ago. Net cash provided by operating activities was $4,065,000 against $3,052,000 a year ago. Purchase of property and equipment was $88,000 was $against $71,000 a year ago. Capitalized software development costs was $2,136,000 against $2,009,000 a year ago. Adjusted EBITDA (Non-GAAP) was $3,279,000 against $3,593,000 a year ago. Income before provision (benefit) for income taxes was $662,000 against $2,189,000 against $2,696,000 a year ago. Changes in foreign currency exchange rates negatively impacted operating income by $644,000, as compared to the same period last year. Changes in foreign currency exchange rates negatively impacted Adjusted EBITDA by $685,000, as compared to the same period last year. Changes in foreign currency exchange rates negatively impacted net income by $636,000, or $0.05 per basic and diluted share, as compared to the same period last year.

For the full year of 207, the company's reaffirmed its expectations of adjusted EBITDA of $4.1 million to $4.6 million.