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AcuityAds Releases Selected Unaudited Guidance as to Financial Performance for Q4 2017
AcuityAds Releases Selected Unaudited Guidance as to Financial Performance for Q4 2017 ...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Releases Selected Unaudited Guidance as to Financial Performance for Q4 2017\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, Jan. 31, 2018\n\n\n\nCompany Anticipates Revenue for Fiscal 2017 of $58.5M and Year over Year Growth of 48%\n\n\n\nTORONTO, Jan. 31, 2018 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or the \"Company\"), a technology leader that enables advertisers to connect intelligently with audiences across video, mobile, social and online display advertising campaigns, today released anticipated guidance as to certain of its fourth quarter financial measures for the period ended December 31, 2017. The Company expects to release its audited fourth quarter and fiscal year 2017 financial statements in early March of 2018.  Readers are cautioned that actual audited results may differ from the anticipated unaudited guidance below and that the differences may be material. \n\nSelected Unaudited Financial Guidance for Fiscal Year 2017 (all figures in $CDN)\n\n\nThe Company anticipates that total revenue for the twelve months ended December 31, 2017 will be approximately $58.5 million, compared to $39.6 million for the same period in 2016, representing growth of 48% year over year, which is in line with the  Company's revenue guidance announced in September 2017\nThe Company anticipates that its cash balance was approximately $4.9 million as of December 31, 2017\n\nSelected Unaudited Financial Guidance for Q4 2017 (all figures in $CDN)\n\n\nThe Company anticipates revenue for Q4 2017 of $15.1 million\nThe Company anticipates that its core North America revenue grew 30% in Q4 2017 to $13.8 million, compared to revenue of $10.6 million in Q4 2016\nThe Company anticipates that Adjusted EBITDA for Q4 2017 will be approximately $0.3 million \n\n\"We are pleased that our fourth quarter revenue results were in line with our previous guidance provided and continued to deliver a positive Adjusted EBITDA,\" stated Tal Hayek, CEO of AcuityAds. \"We continue to remain focused on g...