CXENSE ASA ANNOUNCES SECOND QUARTER AND FIRST HALF RESULTS
OSLO, NORWAY – AUGUST 24, 2017 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE SECOND QUARTER AND FIRST HALF ENDING 30 JUNE 2017. Highlights: * Core SaaS business continues to grow, DMP & Personalization up 28% y/y in Q2 2017 * Group revenue of USD 5.7 million, down 10% y/y due to churn from non-core business * EBITDA loss widened to USD 4.6 million from USD 2.9 million in Q1 2017 on growth investments and one-off charges * New board and management has decided to sharpen focus on DMP with Intelligent Personalization to accelerate growth * Divesting non-core business