Business
AcuityAds Reports Fourth Quarter and Full Year 2015 Financial Results
AcuityAds Reports Fourth Quarter and Full Year 2015 Financial Results AcuityAds Re...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Reports Fourth Quarter and Full Year 2015 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\nAcuityAds Reports Fourth Quarter and Full Year 2015 Financial Results\nCanada NewsWire\nTORONTO and NEW YORK, March 11, 2016\n\n\n\n- Q4 Revenue Increased 73% Year over Year with Positive Adjusted EBITDA -- Full Year 2015 Revenue Growth of 52% Year over Year -\n\n\n\nTORONTO and NEW YORK, March 11, 2016 /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 online display, video, social and mobile campaigns, today announced financial results for the fourth quarter and full year ended December 31, 2015.\n\n\"2015 was a year of significant achievements for our Company. We saw full year revenues climb by over 50% and in Q4, we posted our first EBITDA positive quarter as a public company,\" said Tal Hayek, CEO of AcuityAds. \"In Addition, the Company continues to be well positioned with a solid balance sheet, industry leading technology, a team of world-class professionals and hundreds of top-tier customers from all over the globe to help facilitate our continued growth.\" \n\nFourth Quarter Financial Highlights\n\n\nTotal revenue for Q4 2015 increased by 73% to $7,591,957, compared to $4,395,563 in Q4 2014. Q4 is a seasonally strong quarter. The Company anticipates a seasonal revenue decline in the first quarter of 2016. \nSaaS-based Self-Service revenue for Q4 2015 increased by 400% to $3,658,461, compared to $730,477 in Q4 2014. \nSaaS-based Self-Service revenue represented 48% of overall revenue in Q4 2015 compared to 17% in the same period last year. \nUS revenue for Q4 2015 increased by 132% to $2,811,258 compared to $1,209,707 in Q4 2014. \nRevenue less media costs remained strong at 46% for Q4 2015 and 49% for the twelve months ended December 31, 2015. \nWhile total revenue grew by 73% for the quarter, the operating expenses for the quarter remained flat compa...