Company Anticipates Revenue for Fiscal 2017 of
$58.5M and Year over Year Growth of
48%
TORONTO, Jan. 31, 2018 /CNW/ - AcuityAds Holdings Inc.
(TSXV:AT) ("AcuityAds" or the "Company"), a technology leader that
enables advertisers to connect intelligently with audiences across
video, mobile, social and online display advertising campaigns,
today released anticipated guidance as to certain of its fourth
quarter financial measures for the period ended December 31, 2017. The Company expects to release
its audited fourth quarter and fiscal year 2017 financial
statements in early March of 2018. Readers are cautioned that
actual audited results may differ from the anticipated unaudited
guidance below and that the differences may be material.
Selected Unaudited Financial Guidance for Fiscal Year 2017 (all
figures in $CDN)
- The Company anticipates that total revenue for the twelve
months ended December 31, 2017 will
be approximately $58.5 million,
compared to $39.6 million for the
same period in 2016, representing growth of 48% year over year,
which is in line with the Company's revenue guidance
announced in September 2017
- The Company anticipates that its cash balance was approximately
$4.9 million as of December 31, 2017
Selected Unaudited Financial Guidance for Q4 2017 (all figures
in $CDN)
- The Company anticipates revenue for Q4 2017 of $15.1 million
- The Company anticipates that its core North America revenue grew 30% in Q4 2017 to
$13.8 million, compared to revenue of
$10.6 million in Q4 2016
- The Company anticipates that Adjusted EBITDA for Q4 2017 will
be approximately $0.3 million
"We are pleased that our fourth quarter revenue results were in
line with our previous guidance provided and continued to deliver a
positive Adjusted EBITDA," stated Tal
Hayek, CEO of AcuityAds. "We continue to remain focused on
growing our business organically as well as seeking strategic
acquisitions that are accretive to our company, customers,
employees and shareholders. As we look forward to 2018, we
remain very excited about the opportunities ahead to continue our
growth trajectory."
Readers are cautioned that the numbers presented in this release
are management estimates and remain subject to final year-end
audit. The Company does not intend to provide segmented or
detailed financial data until the release of its year-end financial
statements.
About AcuityAds:
AcuityAds 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. AcuityAds 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 offices across North
America including New York
City, Boston, Chicago, Dallas, Los
Angeles, San Francisco,
San Diego, Vancouver, Calgary, Montreal and London, England. For more information,
visit www.AcuityAds.com.
Disclaimer in regards to Forward-looking
Statements
Certain statements included herein constitute "forward-looking
statements" within the meaning of applicable securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Investors are cautioned not to put undue reliance on
forward-looking statements. Except as required by law, AcuityAds
does not intend, and undertakes no obligation, to update any
forward-looking statements to reflect, in particular, new
information or future events. 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.
