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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AcuityAds Holdings Inc | TSXV:AT | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.61 | 1.60 | 1.61 | 0 | 01:00:00 |
Revenue Increased 122% to $11.5M with Positive Adjusted EBITDA
TORONTO and NEW YORK, May 9, 2017 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT, OTCQB:ACUIF) ("AcuityAds" or "Company"), a technology leader that enables advertisers to connect intelligently with audiences across video, mobile, social and online display advertising campaigns, today announced its financial results for the first quarter of 2017.
"We are delighted with both the revenue increase and positive EBITDA we were able to deliver in what is typically the weakest period of the year for the advertising industry," stated Tal Hayek, CEO of AcuityAds. "Q1 was extremely busy for the Company as we announced the closing of the acquisition of Visible Measures, the concurrent $11.7M bought deal financing and securing a revised $10.0M USD debt facility from Silicon Valley Bank. Also during the quarter, considerable effort was spent developing our strategies on the Visible Measures acquisition including the identification and execution of cost and revenue synergies which have been substantially completed as we entered Q2."
First Quarter Financial Highlights:
Awards, Recognition & Key Events:
Other Matters:
About AcuityAds:
AcuityAds is a technology company that enables marketers to connect intelligently with their most meaningful audiences through digital media. A Self-Serve programmatic marketing platform, powered by proprietary machine learning technology, is at the core of its business, accompanied by patented solutions for analytics-led video and mobile targeting that leverages social data. AcuityAds empowers marketers by offering transparency on costs and brand safety with real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results.
AcuityAds is headquartered in Toronto, Canada with sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego, Vancouver, Calgary, Montreal and London, England. For more information, visit AcuityAds.com.
Disclaimer in regards to Forward-looking Statements
This press release contains "forward looking statements" that reflect the Company's current expectations, focus on areas of growth, and projections about its future results, which include statements regarding the integration of Visible Measures' technology into the Company's media platform and the expected benefits of the Acquisition to the Company including the enhancement of the Company's value proposition and the ability of the Company to meet the needs of global digital marketers. When used in this press release, forward looking statements can be identified by the use of words such as "may", or by such words as "will", "intend", "believe", "estimate", "consider", "expect", "anticipate", and "objective" and similar expressions or variations of such words. Forward looking statements are, by their nature, not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward looking statements. No representation or warranty is intended with respect to anticipated future results, or that estimates or projections will be sustained.
In developing the forward-looking statements in the press release, the Company has applied several material assumptions, including the availability of financing on reasonable terms, the Company's ability and general business and economic conditions. Many risks, uncertainties and other factors could cause the actual results of the Company to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks, uncertainties and other factors include, but are not limited to the following: overall economic conditions, rapid technological changes, use of cookies, demand for the company's product, the introduction of competing technologies, competitive pressures, network restrictions, fluctuations in foreign currency exchange rates, and other similar factors that may cause the actual results, performance or achievements to differ materially from those expressed or implied in these forward-looking statements.
Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties elsewhere in this press release, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE AcuityAds Inc.
Copyright 2017 Canada NewsWire
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