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CXENSE ASA ANNOUNCES FOURTH QUARTER AND PRELIMINARY YEAR END RESULTS FOR 2016

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OSLO, NORWAY – FEBRUARY 22, 2017 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDING DECEMBER 31, 2016.

Highlights:

  • 2016 was marked by strong growth within Cxense’s core business, software for personalization of websites and apps

  • Full-year 2016 group revenue up 40% to USD 25.5 million

  • Q4 data management & personalization software revenue up 31% year-over-year to USD 4.5 million

  • EBITDA reflects investments in the company’s sales and overall growth capacity

  • Ramping-up sales team with substantial increase in number of sales people, sharpened focus on North America and larger customers

  • Further strengthening Cxense’s market leading personalization offering, signed licensing agreement with social media analytics company RepKnight and investing GBP 3.0 million in the company

  • Industry recognition increasing, Cxense included in research group Gartner’s “Magic Quadrant for Digital Marketing Hubs“ together with companies such as Adobe, Salesforce, Oracle and IBM

CEO comment

“Last year, we delivered strong growth within our core business area, personalization of websites and apps. We are even more excited about the opportunities we see ahead of us. Our market is expanding, our technology and software deliver market-leading results and we experience increasing industry recognition. Adding to that we invest substantially in our sales capacity and in further developing our offering. We believe we are just beginning to see the impact Cxense’s software will have in the coming years” said Ståle Bjørnstad, Cxense CEO.

Material: The Q4 2016 report and presentation are attached to this notice and can also be found under the following link: https://www.cxense.com/investors/financial-reports

Webcast: Cxense ASA will present its Q4 2016 results at 08:30 am CET. The presentation will take place at the Felix Conference Center, Bryggetorget 3, Oslo, Norway. A live webcast will be available at: http://webtv.hegnar.no/presentation.php?webcastId=44475097  

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.

Cxense customers include the Wall Street Journal, USA Today (Gannett), Grupo Clarin, El Pais, Bonnier, Naspers, The Golf Channel, PGA, NBA, NFL, ABC News, FOX Sports, Singapore Press Holdings, AEON, DMM and many more. For more information, go to: 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

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