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."
About AcuityAds:
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.
In developing the forward-looking statements in the press
release, the Company has applied several material assumptions,
including the availability of financing on reasonable terms, the
Company's ability and general business and economic conditions.
Many risks, uncertainties and other factors could cause the actual
results of the Company to differ materially from the results,
performance, achievements or developments expressed or implied by
such forward-looking statements. These risks, uncertainties and
other factors include, but are not limited to the following:
reclassification of revenues or expenses of the Company, overall
economic conditions, rapid technological changes, use of cookies,
demand for the company's product, the introduction of competing
technologies, competitive pressures, network restrictions,
fluctuations in foreign currency exchange rates, and other similar
factors that may cause the actual results, performance or
achievements to differ materially from those expressed or implied
in these forward looking statements.
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.
SOURCE AcuityAds Inc.