TORONTO and NEW YORK, Jan. 17,
2017 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT)
(OTCQB:ACUIF) ("AcuityAds" or "Company"), a leading provider of
targeted digital media solutions, enabling advertisers to connect
intelligently with their audiences across video, mobile, social and
online display campaigns, today released anticipated guidance as to
certain of its fourth quarter financial performance measures for
the period ended December 31, 2016.
The Company expects to release its audited fourth
quarter and fiscal 2016 financial and operating results
mid-March 2017. Readers are cautioned
that actual audited results may differ from the anticipated
unaudited guidance below and the differences may be material.
Selected Unaudited Financial Guidance for Q4 (all figures in
$CDN)
- The Company anticipates revenue for Q4 2016 to be approximately
$18.0 million, compared to
$7.6 million in Q4 2015.
- The Company anticipates that Adjusted EBITDA for Q4 2016 will
be approximately $2.0 million,
compared to $0.26 million in Q4
2015.
"Based on these preliminary results, Q4 is expected to be an
exceptionally strong quarter for the Company," said Tal Hayek, CEO of AcuityAds. "Our strong
revenue and EBITDA growth, along with our recent $4.6 million bought deal financing should
position the company well to capitalize on the tremendous
opportunities that lie ahead of us."
Readers are cautioned that the numbers presented in this release
are management estimates and remain subject to final year-end
audit. In addition, readers are reminded that the fourth
quarter has historically been seasonally strong for the
Company.
The Company does not intend to provide segmented or detailed
financial data until the release of its year-end financial
statements.
About AcuityAds:
AcuityAds Holdings Inc. is a
technology company that enables marketers to connect intelligently
with their most meaningful audiences through digital media. A
Self-Serve programmatic marketing platform, powered by proprietary
machine learning technology, is at the core of its business,
accompanied by a patented solution for mobile targeting that
leverages social data. Acuity empowers marketers by offering
transparency on costs and brand safety, and real-time reporting and
analytics, bringing accountability to programmatic advertising to
deliver business results.
AcuityAds is headquartered in Toronto,
Canada with sales offices in New
York City, Boston,
Chicago, Los Angeles, San
Francisco, San Diego,
Vancouver, Calgary and Montreal. For more
information, visit AcuityAds.com.
Disclaimer in regards to Forward-looking Statements
This press release contains "forward looking statements" that
reflect the Company's current expectations and unaudited management
estimates of financial performance for the periods noted. When used
in this press release, forward looking statements can be identified
by the use of words such as "may", or by such words as "will",
"intend", "believe", "estimate", "consider", "expect",
"anticipates", and "objective" and similar expressions or
variations of such words. The forward-looking statements in this
press release include statements regarding the estimated Q4 revenue
and Adjusted EBIDTA of the Company, which are based on unaudited
management estimates. These unaudited estimates have not been
reviewed or approved by the Company's auditors and are subject to
revision and adjustment. The Company's audited financial statements
may materially differ from the unaudited estimates presented herein
and accordingly, the unaudited estimates should not be relied upon
as a representation of the Company's audited financial results for
its 2016 fiscal year.
Forward looking statements are, by their nature, not guarantees
of the Company's estimated or future operational or financial
performance, and are subject to risks and uncertainties and other
factors that could cause the Company's actual results, performance,
prospects or opportunities to differ materially from those
expressed in, or implied by, these forward looking statements. No
representation or warranty is intended with respect to anticipated
future results, or that estimates or projections will be correct or
sustained.
In developing the forward-looking statements in the press
release, the Company has applied several material assumptions.
Many risks, uncertainties and other factors could cause the
actual results of the Company to differ materially from the
results, performance, achievements or developments expressed or
implied by such forward-looking statements. These risks,
uncertainties and other factors include, but are not limited to the
following: reclassification or non-recognition of revenues or
expenses of the Company and other similar factors that may cause
the actual audited results, performance or achievements to differ
materially from those expressed or implied in these forward looking
statements.
Readers are cautioned not to place undue reliance on these
forward looking statements, which speak only as of the date of the
press release or as of the date otherwise specifically indicated
herein. Due to risks and uncertainties, including the risks and
uncertainties elsewhere in this press release, actual events may
differ materially from current expectations. The Company disclaims
any intention or obligation to update or revise any forward looking
statements, whether as a result of new information, future events
or otherwise. All forward-looking statements contained in this
press release are expressly qualified in their entirety by this
cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AcuityAds Inc.