AcuityAds Provides Preliminary Q4 Unaudited Results: Expects revenue of $32.5 million with approximately 10% Adjusted EBITDA margins
TORONTO and NEW YORK, Jan. 23, 2019 /CNW/ - AcuityAds Holdings Inc. (TSXV:AT) ("AcuityAds" or "Company"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across digital advertising campaigns, is pleased to provide preliminary unaudited financial guidance as to certain of its fourth quarter financial measures for the period ended December 31, 2018.
The Company is pleased to report that total revenue for the three months ended December 31, 2018 was approximately $32.5 million compared to $15.1 million in Q4 2017, an increase of 115% year over year and 85% over Q3 2018. Furthermore, the Company anticipates an Adjusted EBITDA margin of approximately 10% in the quarter. AcuityAds anticipates total revenue in fiscal year 2018 to be $70.0 million.
"We are incredibly pleased with our results in Q4 and our overall performance in 2018. We achieved significant revenue growth and meaningful positive Adjusted EBITDA, which is further proof of the success of our industry-leading technology, continued investments in our team and the strategic acquisitions completed throughout the year," said Tal Hayek, CEO of AcuityAds. "In addition, Q1, which is seasonally the slowest quarter of the year, is starting off with strong year-over-year growth and positive momentum."
The Company expects to release its audited 2018 financial statements in March 2019. Readers are cautioned that actual audited results may differ from anticipated unaudited guidance and that the differences may be material.
About AcuityAds:
AcuityAds is a leading technology company that provides marketers a powerful and holistic solution for digital advertising across all ad formats and screens to amplify reach and Share of Attention® throughout the customer journey. Via its unique, data-driven insights, real-time analytics and industry-leading activation platform based on proprietary Artificial Intelligence technology, AcuityAds leverages an integrated ecosystem of partners for data, inventory, brand safety and fraud prevention, offering unparalleled, trusted solutions that the most demanding marketers require to be successful in the digital era.
AcuityAds is headquartered in Toronto with offices throughout the U.S., Europe and Latin America. For more information, visit 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.
Tal Hayek, Chief Executive Officer, AcuityAds Holdings Inc., 416-218-9888, [email protected]; Jonathan Pollack, Chief Financial Officer, AcuityAds Holdings Inc., 416-218-9888, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]
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