Business
EQ Works Pre-Announces Q4 2018 and Provides Year End Unaudited Financial Guidance
Profitable Quarter and Sequential Revenue Growth of Over 60% TORONTO, ON / ACCESSWIRE / ...
About this update from Eq Inc.
[{"type":"text","content":"EQ Works Pre-Announces Q4 2018 and Provides Year End Unaudited Financial GuidanceProfitable Quarter and Sequential Revenue Growth of Over 60%TORONTO, ON / ACCESSWIRE / March 28, 2019 / EQ Inc. (TSXV: EQ) (\"EQ Works\", \"EQ\" or the \"Company\"), North America's leader in location behaviour data and intelligence, is pleased to provide preliminary unaudited financial guidance for the fourth quarter and year ended December 31, 2018.The Company expects to report revenue for the fourth quarter of approximately $2.3 million, an increase of 62% over the third quarter of 2018 and an increase of 39% from the same period a year ago. The Company also expects to generate a positive adjusted EBITDA for the quarter. These results were a substantial improvement from both the previous quarter and from the same quarter a year ago. Total revenue for the year is expected to increase by 6% to approximately $5.9 million, from the $5.5 million recorded in the previous year. Revenue from EQ's data platform, LOCUS, is expected to increase by over 388% from the previous year as the Company continued to provide clients with customized data solutions, information and insights. These data empower businesses to make better decisions through multiple online and offline channels.About EQ WorksEQ Works (www.eqworks.com) provides a smarter way to target customers. Using first-party, location-based behaviour signals, advanced data analytics, and proprietary software, EQ creates and targets customized, performance-boosting audience segments. Proprietary algorithms and data generate attribution models that connect consumer behavior in the physical world to consumer behavior in the digital world, solving complex challenges for brands and agencies.Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this press release constitute \"forward-looking statements\". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company's future financial position and results of operations, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words \"believe\", \...