CXENSE ASA ANNOUNCES FIRST QUARTER 2017 RESULTS
OSLO, NORWAY – MAY 10, 2017 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDING MARCH 31, 2017. Highlights: · Data management and personalization revenue of USD 4.3 million, up 21% year-over-year · High Q1 churn driven by one large acquired video customer and continued decline of advertising portfolio · Q1 2017 group revenue of USD 5.9 million, down 5.5% year-over-year due to churn · EBITDA reflects continued investments in growth · Strategic investments in partners mporium and RepKnight to strengthen Cxense’s offering, distribution and sales ·