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AcuityAds Reports Record Q3 2015 Financial Results with Over 66% Revenue Growth
AcuityAds Reports Record Q3 2015 Financial Results with Over 66% Revenue Growth Ac...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Reports Record Q3 2015 Financial Results with Over 66% Revenue Growth\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 Record Q3 2015 Financial Results with Over 66% Revenue Growth\nCanada NewsWire\nTORONTO and NEW YORK, Nov. 18, 2015\n\n\n\n- SaaS-based Self-Service Revenue Increased by 289% -\n\n- Closed $7.0M of New Debt Financing Led by Silicon Valley Bank - \n\n\n\nTORONTO and NEW YORK, Nov. 18, 2015 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) (\"AcuityAds\" or \"Company\"), a leading provider of targeted digital media solutions, enabling advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns, today announced third quarter (Q3) financial results for the three and nine-month period ended September 30, 2015.\n\n\"We had a record quarter that saw our previous investments into the U.S. and SaaS-based self-service businesses contribute significantly to our overall revenue growth,\" said Tal Hayek, CEO of AcuityAds. \"In the third quarter, the Acuity team continued to execute effectively on our plan to deliver significant revenue growth, while maintaining a clear path to near-term profitability. Revenues for the quarter increased by 66% while operating expenses decreased by 19% over the same period last year. This revenue growth, coupled with the decrease in our operating expenses, is also a strong indicator of the operational leverage afforded by our business model. We are seeing more and more marketers embracing programmatic as a key enabler of their digital marketing arsenal as they strive to grow their brand and market share and Acuity is benefiting from this growth.\"   \n\nFinancial Highlights\n\n\nTotal revenue for Q3 2015 increased by 66% to $5,476,982, compared to $3,289,830 in Q3 2014, and increased by 42% to $13,101,707 for nine months ended September 30, 2015, compared to $9,256,684 for the comparable period in 2014. \nSaaS-based self-service revenue for Q3 2015 increased by 289% to $1,880,884, compared to $483,651 in Q3 2014, and ...