Business
Cardlytics Announces Preliminary Fourth Quarter 2019 Financial Results
Company to Participate in an Upcoming Investor Conference ATLANTA, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence
About this update from Cardlytics, Inc. Common Stock
[{"type":"text","content":"Company to Participate in an Upcoming Investor Conference\nATLANTA, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Cardlytics, Inc., (NASDAQ: CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced preliminary financial results for the fourth quarter ended December 31, 2019 in advance of participating in an upcoming investor conference.\n Preliminary Results for the Fourth Quarter 2019 Total revenue is expected to be between $68.5 million and $69.5 million.Total billings is expected to be between $99.0 million and $101.0 million. A reconciliation of billings to GAAP revenue on a forward-looking basis is presented below under the heading \"Reconciliation of Forecasted GAAP Revenue to Billings.\" Scott Grimes, CEO & Co-Founder of Cardlytics commented: \"We experienced strong growth in 2019, as illustrated by a meaningful acceleration in the back half of the year. We are pleased with the incremental budget expansions that contributed to our revenue performance in the fourth quarter, which is expected to be above our prior guidance. As our partnership with Wells Fargo continues to execute against the phased launch, we expect our FI MAU growth to continue in 2020.\" The foregoing expected results are preliminary and are subject to change based on the completion of the Company’s quarter-end review process. These preliminary financial results include calculations or figures that have been prepared internally by management and have not been reviewed or audited by the Company’s auditors. The definition of FI MAUs is included below under the caption “Other Performance Metrics.” ICR Conference Scott Grimes, CEO & Co-Founder of Cardlytics will present at the ICR Conference today, Monday, January 13, 2020, at 3:30 p.m. Eastern Time. A live audio webcast of the event will be available on the Cardlytics Investor Relations website at http://ir.cardlytics.com/. After the event, an archive of the webcast will also be available for a limited time on the Cardlytics Investor Relations website. About Cardlytics Cardlytics (NASDAQ: CDLX) uses purchase intelligence to make marketing more relevant and measurable. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into where and when consumers are ...