acuity logo
  • Solutions
    • illumin
      Our intuitive platform helps you see through the clutter of programmatic advertising.
    • Attention Advertising
      Increase brand’s total viewership time within a finite, relevant audience set – without increasing your budget.
    • Live Audiences
      Incorporate the most recent and relevant audience insights and improve how your media dollars are used.
  • Insights
    • Blog
      These are the latest insights and trends in the advertising industry that you need to know
    • White Papers
      Helpful reports and guides to inform you of industry trends and complex concepts
    • Success Stories
      Learn more about the success of our clients and products within specific industries
  • News
    • Press
      Read our press releases for major announcements and upcoming events
    • Events
      Check out the events we’re attending or hosting and view past events with AcuityAds
    • Videos
      Watch the latest webinars, video presentations and demonstrations by AcuityAds
  • Company
  • Careers
  • Investors
  • Login
  • Schedule a demo
Contact Us

ACUITYADS PROVIDES Q4 PRELIMINARY UNAUDITED RESULTS: 46% REVENUE GROWTH AND ANTICIPATED REDUCTION IN EBITDA LOSS

TORONTO, ON, JANUARY 28, 2015

AcuityAds Holdings Inc. (TSXV:AT) (“AcuityAds” or “Company”), a leader in online and mobile advertising, today announced that its fourth quarter (Q4 2014) unaudited revenue, for the period ended on December 31, 2014, grew by 46% to $4.4 million, compared to $3.0 million in Q4 2013. Although the Company has yet to complete its year-end audit, it is anticipating at this time that the EBITDA loss will be less than that reported in the third quarter of 2014.

“The significant growth in our quarterly top-line results is a clear testament to the success of our growth strategy,” said Tal Hayek, CEO of AcuityAds. “We are seeing our revenue growth accelerating as the result of our earlier investments in both the US market and our SaaS self-service offerings. While our revenues have continued to increase on a year over year basis, we have recently intensified our focus on cost management with a view to positive EBITDA in the next few quarters following our significant, but very important investments made in the US market.”

The Company is also pleased to announce the hiring of David Andrews CA who will be assuming the role of Chief Financial Officer of the Company, effective February 2nd, 2015. Mr. Andrews has more than 30 years of experience in the information technology sector, working with a wide range of companies, from Fortune 500 companies to Canadian ‘small cap’ companies. He was the former Chief Financial Officer of Redline Communications, Sun Microsystems of Canada, OnX Enterprise Solutions, Insystems Technologies and Compaq Computers Canada. He was also the former Chief Operating Officer of Coss Systems, and Managing Partner at Magna Partners Ltd.  Mr. Andrews will be replacing the Company’s current Chief Financial Officer, Cathy Steiner.

“We appreciate Cathy’s many contributions to Acuity’s growth, and I speak for the broader management team and Board of Directors in wishing her the best of success with her future endeavours,” continued Mr. Hayek. “We are also very excited to have Dave join our team. Dave has wealth of experience and success working with public and private companies, and we believe that his experience and hands on approach will add significant value to our future growth as one of Canada’s fastest growing technology companies.”

About AcuityAds:

AcuityAds Holdings has developed a programmatic marketing platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. With operations in New York, Toronto, Los Angeles, Montreal, Chicago, Boston and Dallas, AcuityAds Holdings’ customers include both large Fortune 500 enterprises and small to mid-sized businesses. 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. In particular, but without limitation, statements contained in this release concerning unaudited preliminary financial results are subject to adjustment upon the completion of the year end audit and such adjustments may be material. In addition, the Company’s ability to achieve positive EBITDA in the near to medium term is uncertain.  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.

For further information, please contact:

Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com
Tal Hayek
Chief Executive Officer
AcuityAds Inc.
416-218-9888
tal.hayek@acuityads.com
acuity logo
  • Contact Us
  • Opt-out
  • Corporate Privacy Policy
  • Technology Privacy Policy
  • Terms & Conditions
  • AODA
  • Cookie Policy
  • Investors
  • Careers
Subscribe

© 2022 AcuityAds. All Rights Reserved.

Manage Cookie Consent
Adchoices

This website conducts Interest Based Advertising through the use of cookies. By continuing to use this website you are consenting to the use of your cookies.
Functional cookies Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}