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Sabio Delivers Record Q1-2022 Financial Results with 116% YoY Revenue Growth Led by CTV; Projecting Strong Revenue Year Ahead
Sabio Delivers Record Q1-2022 Financial Results with 116% YoY Revenue Growth Led by CTV; ...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Sabio Delivers Record Q1-2022 Financial Results with 116% YoY Revenue Growth Led by CTV; Projecting Strong Revenue Year Ahead\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Revenues of\n \n US$5.6 million\n \n in Q1-2022 compared to\n \n US$2.6 million\n \n in Q1-2021, led by a 294% jump in CTV sales and a 64% increase in mobile sales.\n \n \n \n \n Increase in credit line with Avidbank and cash on hand anticipated to provide ample working capital.\n \n \n \n \n Outlook for 2022 remains strong, despite the current macro-economic environment, as the current sales pipeline is the strongest in the Company's history.\n \n \n \n \n \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN\n \n THE UNITED STATES\n \n . ANY SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER\n \n THE UNITED STATES\n \n SECURITIES ACT OF 1933, AS AMENDED (THE\n \n \"U.S. SECURITIES ACT\"\n \n ) OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN\n \n THE UNITED STATES\n \n OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 30, 2022\n \n \n /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (the\n \n \"Company\"\n \n or\n \n \"Sabio\"\n \n ), a leading provider of CTV/OTT advertising platforms validated by performance, is pleased to announce its unaudited financial results for the first quarter ended\n \n March 31\n \...