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.