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Sabio Expected to Deliver Record Third-Quarter Revenues and Achieve Full-Year Adjusted EBITDA Profitability by End of Q3-2024, based on preliminary results
Sabio Expected to Deliver Record Third-Quarter Revenues and Achieve Full-Year Adjusted EBITDA Pro...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n\n\n\n Sabio Expected to Deliver Record Third-Quarter Revenues and Achieve Full-Year Adjusted EBITDA Profitability by End of Q3-2024, based on preliminary results\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Revenues for Q3-2024 are expected to be between\n \n US$15.5\n \n and\n \n US$15.8 million\n \n , an increase of more than 75% compared to\n \n US$8.8 million\n \n in Q3-2023, with positive net income and a gross margin between 58% and 61% expected for Q3-2024.\n \n\n\n\n Expected to have achieved full-year positive Adjusted EBITDA\n \n\n\n 1\n \n\n\n by the end of the third quarter.\n \n\n\n\n Expected to generate positive Adjusted EBITDA\n \n\n\n 1\n \n\n\n in the fourth quarter.\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Oct. 7, 2024\n \n\n /CNW/ --\n \n Sabio Holdings Inc\n \n . (TSXV: SBIO) (OTCQB: SABOF) (the\n \n \"Company\"\n \n or\n \n \"Sabio\"\n \n ), a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to comment on certain unaudited preliminary financial results for the third quarter ended\n \n September 30\n \n\n th\n \n , 2024.\n \n Unless otherwise indicated, all amounts are expressed in U.S. dollars.\n \n\n\n The Company expects consolidated revenues for the third quarter of 2024 to be between\n \n US$15.5 million\n \n to\n \n US$15.8 million\n \n compared to\n \n US$8.8 million\n \n in the prior year's third quarter, led by continuous double-digit growth in its core branded Connected TV/OTT ad-supported streaming business, and strong political and advocacy sales.  Additionally, Sabio is expected to have delivered a third-quarter gross margin of between 58% and 61%, and the highest third-quarter Adjusted EBITDA\n \n\n 1\n \n\n profit in its history.  As a result, the Company is expected to achieve full-year Adjusted EBITDA\n \n\n 1\n \n\n profitability by the end of Q3-2024, offsetting the\n \n US$1.6 million\n \n Adjusted EBITDA\n \n\n 1\n \n\n los...