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AcuityAds Reports 2016 Year End and Fourth Quarter Financial Results
AcuityAds Reports 2016 Year End and Fourth Quarter Financial Results Canada NewsWi...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Reports 2016 Year End and Fourth Quarter Financial Results\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, March 7, 2017\n\n\n\n2016 Revenue Increases 91% to $39.6M and Adjusted EBITDA Improves to $3.0M\n\n\n\nTORONTO and NEW YORK, March 7, 2017 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT, OTCQB:ACUIF) (\"AcuityAds\" or \"Company\"),  a technology leader that enables advertisers to connect intelligently with audiences across video, mobile, social and online display advertising campaigns, today announced its audited financial results for the fourth quarter and full year ended December 31, 2016. \n\n\"2016 was an extraordinary year for AcuityAds where we delivered on every significant milestone that we outlined at the beginning of the year,\" stated Tal Hayek, CEO of AcuityAds. \"The Company achieved record revenues of $39.6 million, and delivered $3.0 million in Adjusted EBITDA, which represented a $4.4 million improvement from the previous year.  In addition to the launch of our European operations, we successfully completed our first acquisition in September 2016 of 140 Proof, Inc., and have substantially completed the integration of this entity into our existing operations.\"\n\n\"We remain optimistic regarding 2017 as we continue with our aggressive organic growth strategy with particular emphasis on our SaaS-based Self-Serve offering,\" Mr. Hayek commented. \"Lastly, we remain focused on our active pursuit of synergistic acquisitions that strategically fit our vision and that will continue to foster our long-term growth in both revenue and profitability.\"\n\nFourth Quarter Financial Highlights\n\n\nHistorically, the fourth quarter has been seasonally strong for the Company. Revenue for Q4 2016 increased 144% to $18,521,250, compared to $7,591,957 in Q4 2015. \nAcuityAds grew its Self-Serve partner base by adding 36 new platform partners in Q4 2016. Total Partners of the Company's SaaS-based Self-Serve programmatic platform now stands at 161 compared to 64 at the end of...