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AcuityAds Pre-Releases Unaudited Results for Q4 2015 with 71% Revenue Growth and Anticipated Positive EBITDA
AcuityAds Pre-Releases Unaudited Results for Q4 2015 with 71% Revenue Growth and Anticipat...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Pre-Releases Unaudited Results for Q4 2015 with 71% Revenue Growth and Anticipated Positive EBITDA\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAcuityAds Pre-Releases Unaudited Results for Q4 2015 with 71% Revenue Growth and Anticipated Positive EBITDA\nCanada NewsWire\nTORONTO and NEW YORK, Jan. 25, 2016\n\n\n\nTORONTO and NEW YORK, Jan. 25, 2016 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or \"Company\"), a leading provider of targeted digital media solutions, enabling advertisers to connect intelligently with their audiences across online display, video, social and mobile campaigns, today pre-released its preliminary unaudited 2015 fourth quarter and fiscal year results for the period ended December 31, 2015. The Company expects to release its audited fourth quarter and fiscal 2015 financial and operating results mid-March 2016. \n\nPreliminary Unaudited Financial Highlights\n\n\nEstimated revenue for Q4 2015 grew by 71% to $7.5 million, compared to $4.4 million in Q4 2014. \nAlthough the Company has yet to complete its year-end audit, it is anticipating at this time that adjusted EBITDA for Q4 2015 will be slightly positive. \nEstimated revenue for FY 2015 grew by 51% to $20.6 million, compared to $13.6 million in FY 2014. \nDuring the quarter, the Company closed a $7.0 million debt financing led by Silicon Valley Bank.\n\nOperational & Industry Recognition Highlights\n\n\nDuring the quarter, AcuityAds signed a multi-year strategic alliance with Adobe to enable AcuityAds to package Adobe Audience Manager, the industry leading Data Management Platform (DMP) alongside the AcuityAds programmatic platform. \nDuring the quarter, AcuityAds was recognized for the 2nd year in a row as one of the fastest growing technology companies ranking #9 in the Deloitte Fast 50TM, and ranking #76 in the Deloitte Fast 500TM, for 2015. \nSubsequent to the quarter, AcuityAds was recognized as a top three finalist for Cantech Letter's 2015 TSX Venture Tech Stock of the Year Award. \nSubsequent to the quarter, AcuityAds was recognized in the TSX Ven...