CXENSE ASA - ANNUAL REPORT 2016
OSLO, NORWAY - APRIL 25, 2017 - CXENSE ASA (OSE:CXENSE) TODAY PUBLISHED ITS ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2016.
Highlights:
Cxense develops the world’s leading personalization and data management software. The Cxense software enables businesses to gather, analyze and act on data to increase conversion and revenue across all digital platforms.
The digital economy is growing, with real-time data management and personalization as a key driver for reaching the online audience on all digital surfaces. Important steps were taken in 2016 to position Cxense for the opportunities ahead.
- Strong growth for Cxense’s core business, software for data management and personalization of websites and apps
- Group revenue growth of 39% over 2015; revenue for core offering of data management and personalization software increased 81% year-over-year
- Raised new equity of USD 27.6 million from leading investors and warrant program to accelerate growth through investments in sales and marketing
- Continued revenue growth and cost focus led to improved financial performance, even considering investments in the sales organization
- Signed 137 recurring revenue contracts across all sales regions, of which 58% with new customers and 42% as upsell to existing clients
- An expanding customer base within existing core verticals; media, publishers, and e-commerce
- Adding new customers in new verticals; including consumer brands, sports, and financial services
- A more focused Cxense following successful integration of the 2015 acquisitions, with strengthened R&D capacity, OPEX synergies realized, and doubled North American revenue base
- R&D focused on developing the personalization offering, which is driving growth
- Increased industry recognition, with Cxense included in research group Gartner’s Magic Quadrant for Digital Marketing Hubs
The Annual Report 2016 is attached to this notice and can be found on www.cxense.com/investors
Deviation between Annual Report 2016 figures and 2016 preliminary figures presented in the Q4 report:
As announced in the Q4 2016 report, the estimated mporium share of profit included in the 2016 preliminary figures presented in the Q4 report has been updated with actual figures in the Annual Report 2016 since the mporium 2016 accounts are now publicly available. Hence, the income statement line share of profit of investments accounted for using the equity method and the financial position line investments in associated companies have improved by USD 0.5 million has increased by USD 1.9 million. Consequently, all related subtotal and total lines are updated. See page 7 in the Q4 2016 report and page 14 in the Annual Report 2016 for more details.
About Cxense:
Cxense (pronounced "see-sense") enables the world's leading media, e-commerce and consumer brands to take control of their audience data to deliver more engaging and personalized user experiences. Businesses using Cxense's advanced real-time analytics, data management (DMP), advertising, search and personalization technology gain more engaged users, increased digital revenue and higher sales conversions. Cxense is headquartered in Oslo, Norway, with offices worldwide.
Customers include the Wall Street Journal, USA Today (Gannett), Grupo Clarin, El Pais, Bonnier, Naspers, Ebay, The Golf Channel, PGA, NBA, NFL, ABC News, FOX Sports, Singapore Press Holdings, South China Morning Post, AEON, DMM, Rakuten and many more. For more information: www.cxense.com, Twitter: @Cxense. Cxense is listed on the Oslo Stock Exchange with the ticker 'CXENSE.'
Investor Relations Contact:
Jørgen Loeng, Chief Financial Officer
Email: ir@cxense.com
Mobile: +47 906 60 062