Avidly PLC quarterly financial results
Avidly (AVIDLY, Nasdaq First North in Helsinki) published 24.10.2018 its quarterly financial results for the end of third quarter of 2018. The results showed strong revenue growth of almost 30%, with improved profitability for the typically weak financial quarter.July-September 2018: · Revenues grew by 29.1% to EUR 4.0 million (3.1) · Gross margin increased by 32.1% to EUR 3.3 million (2.5) · Profitability was weakened by transaction costs due to acquisitions, which amounted to EUR 0.1 million (0.0) · Operating profit (EBIT) (adjusted) was EUR 0.2 million (-0.1), or 4.0% of