AcuityTSX:AT a annoncé ses resultats pour Q4 2019 elle a générée des revenues de $38.5 Millions et un profit de $1.8 Millions. Très encourageant comme résultats. Ils ont aussi généré $5.8 Millions de cash from operations pour le quart. Des très bonnes tendances pour l’entreprise.
https://www.acuityads.com/press/acuityads-reports-fourth-quarter-and-fiscal-year-2019-financial-results/
*ACUITYADS REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 FINANCIAL RESULTS
TORONTO and NEW YORK – March 3rd, 2020
Generated $38.5 million in Revenue, $6.0 million in Adjusted EBITDA and $2.0 million in Net Income for the Fourth Quarter 2019
– 2019 Annual Revenue grew 70% to $119.1 million with Adjusted EBITDA of $9.7 million
AcuityAds Holdings Inc. (TSX:AT) (OTCQX:ACUIF) (“AcuityAds” or “Company”), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across all digital advertising campaigns, today announced its financial results for the three and twelve months ended December 31, 2019.
“We are incredibly pleased with our results for the fourth quarter of 2019 as we achieved record revenue, Adjusted EBITDA and net income. The Company performed above our expectations as we continued to see strong momentum in our business as well as higher gross margins attributable to our enhanced AI platform and lower costs resulting from tighter expense controls,” said Tal Hayek, Chief Executive Officer of AcuityAds. “2019 was also a record year for Acuity. We delivered $119 million in revenue and close to $10 million in Adjusted EBITDA while also investing significant resources into our AI technology, expanding our inventory supply pipes and developing a new self-serve advertising automation system.”
Mr. Hayek continued, “We are very excited with the momentum we are already seeing in 2020 as we continue to see the positive results from the enhancements to our AI technology that have continued to improve our gross margin and generate even better ROI for our clients. In addition, we have recently signed several clients to the beta testing of our new self-serve advertising automation platform. We expect the full launch of this platform in the summer of 2020 will further propel AcuityAds’ growth, profitability and leadership position in the industry.”
Fourth Quarter and Fiscal Year 2019 Highlights
Total revenue for the three months ended December 31, 2019 was $38.5 million compared to $32.9 million for the same period in 2018, an increase of 17%. Total revenue for the twelve months ended December 31, 2019 was $119.1 million compared to $70.2 million for the same period in 2018, an increase of 70%.
Total Self-Serve revenue for the three months ended December 31, 2019 increased 113% to $11.1 million, compared to $5.2 million for the same period in 2018. Total Self-Serve revenue for the twelve months ended December 31, 2019 increased 97% to $31.1 million compared to $15.8 million for the same period in 2018.
Total Connected TV revenue grew approximately 169% sequentially from Q3 2019. Compared to Q1 2019, Connected TV revenue grew approximately 15 times.
Revenue less media costs margin was 51% for the three months ended December 31, 2019 compared to 50% for the same period in 2018. Revenue less media costs margin was 48% for the twelve months ended December 31, 2019 compared to 52% for the same period in 2018.
Adjusted EBITDA was $6.0 million for the three months ended December 31, 2019 compared to an Adjusted EBITDA of $3.3 million for the same period in 2018. Adjusted EBITDA for the twelve months ended December 31, 2019 was $9.7 million compared to an Adjusted EBITDA of $2.8 million for the same period in 2018.
Net income for the three months ended December 31, 2019 was $2.0 million or $0.04 per share compared to a net loss of $3.9 million for the same period in 2018. Net loss for the twelve months ended December 31, 2019 was $5.2 million compared to a Net Loss of $10.8 million for the same period in 2018. The three months ended December 31, 2019 includes a $3.1 million gain related to the reversal of the earn-out and a $3.2 million charge related to a partial write-down of goodwill related to the 2018 acquisition of Adman.
Adjusted Net Income was $5.2 million or $0.11 per share for the three months ended December 31, 2019 compared to Adjusted Net Income of $2.5 million or $0.06 per share for the same period in 2018. Adjusted Net Income for the twelve months ended December 31, 2019 was $4.8 million or $0.11 per share compared to an Adjusted Net Loss of $0.8 million for the same period in 2018. Adjusted Net Income (Loss) excludes non-cash items such as depreciation, amortization, impairment loss, fair value gain, foreign exchange gain/loss and share-based compensation (see table below).
As at December 31, 2019 the Company’s cash and restricted cash balance was $7.5 million.
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