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AcuityAds Reports 2017 Year End and Fourth Quarter Financial Results
AcuityAds Reports 2017 Year End and Fourth Quarter Financial Results Canada NewsWi...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Reports 2017 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 6, 2018\n\n\n\n2017 Revenue Increased 48% to $58.5M\n\n\n\nTORONTO and NEW YORK, March 6, 2018 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or \"Company\"), a technology leader that provides targeted digital media solutions by leveraging its proprietary AI technology to enable advertisers to connect intelligently with audiences across video, mobile, social and online display advertising campaigns, today announced its audited financial results for the full year and fourth quarter ended December 31, 2017.\n\n\"Overall, 2017 was another growth year for AcuityAds where we achieved revenue growth of 48% to $58.5 million,\" stated Tal Hayek, CEO of AcuityAds. \"Despite the revenue challenges we experienced in EMEA, we are pleased with the strong growth from our US business units.\"\n\n2017 Financial Highlights\n\n\nTotal revenue for the twelve months ended December 31, 2017 was $58,459,481 compared to $39,601,724 for the same period in 2016, representing growth of 48% year over year.\nUS revenue for the twelve months ended December 31, 2017 increased by 122% to $35,312,302 compared to $15,926,375 in fiscal year 2016.\nSelf-Serve revenue from North America for the twelve months ended December 31, 2017 increased 32% to $6,697,981 compared to $5,069,014 for the same period in 2016.\nThe Company posted Adjusted EBITDA of $3,502,936 for the twelve months ended December 31, 2017 compared to Adjusted EBITDA of $2,989,371 in the prior year. Adjusted EBITDA was positively affected by a one-time, non-recurring gain on earn out liability relating to the acquisition of 140 Proof in Q3 2017 of $3,316,080.\nNet and comprehensive loss for the twelve months ended December 31, 2017 was $5,728,829 primarily due to $6,633,066 of non-cash items such as depreciation and amortization, share-based compensation and impairment loss on intangible assets.\n\nFourth Quarter Financial Highlig...