Cxense ASA announces fourth quarter and preliminary year-end results for 2018
Oslo, Norway - 6 March 2019 - Cxense ASA today reported financial results for the fourth quarter and full year ending 31 December 2018. Highlights: - FLAT SEQUENTIAL REVENUE DEVELOPMENT FOR THE CORE DMP AND PERSONALIZATION SEGMENT AS INCREASED SERVICE REVENUE OFFSET HIGH Q3 CHURN · 10% YoY growth for the core DMP and Personalization segment in Q4 2018 · Adjusted EBITDA of USD -1.34 million compared to USD -0.68 million in Q4 2017 due to non-core churn, gross margin and higher personnel cost - FULL-YEAR CORE SEGMENT REVENUE WAS USD 15.7 MILLION, UP 18% FROM 2017 ·