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AcuityAds Provides Preliminary Q4 Unaudited Results: Expects revenue of $32.5 million with approximately 10% Adjusted EBITDA margins
AcuityAds Provides Preliminary Q4 Unaudited Results: Expects revenue of $32.5 million with...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Provides Preliminary Q4 Unaudited Results: Expects revenue of $32.5 million with approximately 10% Adjusted EBITDA margins\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and NEW YORK, Jan. 23, 2019\n\n\n\nTORONTO and NEW YORK, Jan. 23, 2019 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or \"Company\"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across digital advertising campaigns, is pleased to provide preliminary unaudited financial guidance as to certain of its fourth quarter financial measures for the period ended December 31, 2018. \nThe Company is pleased to report that total revenue for the three months ended December 31, 2018 was approximately $32.5 million compared to $15.1 million in Q4 2017, an increase of 115% year over year and 85% over Q3 2018. Furthermore, the Company anticipates an Adjusted EBITDA margin of approximately 10% in the quarter. AcuityAds anticipates total revenue in fiscal year 2018 to be $70.0 million.\n\"We are incredibly pleased with our results in Q4 and our overall performance in 2018. We achieved significant revenue growth and meaningful positive Adjusted EBITDA, which is further proof of the success of our industry-leading technology, continued investments in our team and the strategic acquisitions completed throughout the year,\" said Tal Hayek, CEO of AcuityAds. \"In addition, Q1, which is seasonally the slowest quarter of the year, is starting off with strong year-over-year growth and positive momentum.\"\nThe Company expects to release its audited 2018 financial statements in March 2019. Readers are cautioned that actual audited results may differ from anticipated unaudited guidance and that the differences may be material.\nAbout AcuityAds: \nAcuityAds is a leading technology company that provides marketers a powerful and holistic solution for digital advertising across all ad formats and screens to amplify reach and Share of Attention® through...