ACUITYADS PRE-RELEASES UNAUDITED RESULTS FOR Q4 2015 WITH 71% REVENUE GROWTH AND ANTICIPATED POSITIVE EBITDA
TORONTO, ON; NEW YORK, NY, JANUARY 25, 2016
TORONTO and NEW YORK, Jan. 25, 2016 /CNW/ – AcuityAds Holdings Inc. (TSXV:AT) (“AcuityAds” or “Company”), a leading provider of targeted digital media solutions, enabling advertisers to connect intelligently with their audiences across online display, video, social and mobile campaigns, today pre-released its preliminary unaudited 2015 fourth quarter and fiscal year results for the period ended December 31, 2015. The Company expects to release its audited fourth quarter and fiscal 2015 financial and operating results mid-March 2016.
Preliminary Unaudited Financial Highlights
- Estimated revenue for Q4 2015 grew by 71% to $7.5 million, compared to $4.4 million in Q4 2014.
- Although the Company has yet to complete its year-end audit, it is anticipating at this time that adjusted EBITDA for Q4 2015 will be slightly positive.
- Estimated revenue for FY 2015 grew by 51% to $20.6 million, compared to $13.6 million in FY 2014.
- During the quarter, the Company closed a $7.0 million debt financing led by Silicon Valley Bank.
Operational & Industry Recognition Highlights
- During the quarter, AcuityAds signed a multi-year strategic alliance with Adobe to enable AcuityAds to package Adobe Audience Manager, the industry leading Data Management Platform (DMP) alongside the AcuityAds programmatic platform.
- During the quarter, AcuityAds was recognized for the 2nd year in a row as one of the fastest growing technology companies ranking #9 in the Deloitte Fast 50TM, and ranking #76 in the Deloitte Fast 500TM, for 2015.
- Subsequent to the quarter, AcuityAds was recognized as a top three finalist for Cantech Letter’s 2015 TSX Venture Tech Stock of the Year Award.
- Subsequent to the quarter, AcuityAds was recognized in the TSX Venture 50 TM as one of the top ten best performing technology companies on the TSX Venture Exchange.
“I am extremely delighted to report another record quarter in terms of top line growth which should enable Acuity to achieve anticipated adjusted EBITDA positive results, which has been a key financial objective for the company as projected and communicated in our previous quarterly releases,” said Tal Hayek, CEO of AcuityAds. “The cornerstone of Acuity’s revenue growth continues to be customers leveraging the value proposition offered by our programmatic marketing solutions in driving successful digital marketing initiatives. Our SaaS-based Self-Serve offering continued to lead the way as our clients’ preferred programmatic solution. I am also pleased with the Acuity team’s execution on all fronts in delivering these exceptional results.”
AcuityAds offers marketers a suite of services, technology and expertise to maximize their digital advertising investments. Its programmatic marketing platform is powered by proprietary machine learning technology that enables advertisers to target and connect intelligently with audiences across online display, video, social and mobile campaigns. In 2015, for the second year in a row, AcuityAds was recognized as one of the fastest growing North American technology companies by finishing in the top 10 of Deloitte’s 2015 Fast 50™ competition and in the top 100 in Deloitte’s 2015 Fast 500™ competition. With sales operations in New York, Boston, Los Angeles, Toronto and Montreal, Acuity’s customers range from large Fortune 500 enterprises to small and mid-sized businesses. For more information, visit www.acuityads.com.
Disclaimer in regards to Forward-looking Statements
This press release contains “forward looking statements” that reflect the Company’s current expectations, focus on areas of growth, and estimates of its historical results. 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”, “anticipate”, and “objective” and similar expressions or variations of such words. The forward-looking statements in this press release include, but are not limited to, statements regarding the estimated annual and 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 2015 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.
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.
Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, email@example.com; Tal Hayek, Chief Executive Officer, AcuityAds Inc., 416-218-9888, firstname.lastname@example.orgCopyright CNW Group 2016