CXENSE ASA ANNOUNCES FOURTH QUARTER AND PRELIMINARY YEAR END RESULTS FOR 2017
OSLO, NORWAY - FEBRUARY 16, 2018 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDING DECEMBER 31, 2017.
Highlights:
Growth improvement in core DMP and Personalization segment
* 18% YoY and 7.8% sequentially
* 21.5% growth from 2016FY to 2017FY
* 26 new contracts of which 58% upsell
On track for Q1 2018 target EBITDA USD -0.5 million
* Q4 2017 adjusted EBITDA loss of USD -0.7 million
* 80% gross margin, an improvement of 6 p.p. versus 5 p.p. target
Two non-core divestments completed, two ongoing
* Mporium and Emediate sold for USD 4.6 million
* Maxifier and Ramp on track for H1 2018 completion
Financial runway beyond break-even with USD 10.2 million cash position
LOI signed to acquire small, complementary DMP company
* Will increase competitive strength through new tech capabilities
* Ongoing partnership with multiple proven customer cases
* Adding 10% core revenue for less than 5% dilution (payment in shares)
Material: The Q4 2017 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 2017 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=77873110
About Cxense:
Cxense helps publishers and marketers across the globe to transform their raw data into their most valuable resource. Cxense's leading Data Management Platform (DMP) with Intelligent Personalization, give companies unprecedented insight about their individual customers, and enables them to action this insight real-time in all marketing and sales channels. Benefits include increasing digital revenue and user loyalty. Cxense works with brands such as Aeon, Wall Street Journal, Grupo Clarin, NBC Universal, Aller and many more.
Cxense is headquartered in Norway with offices worldwide and the company is listed on the Oslo Stock Exchange with the ticker 'CXENSE.' For more information: www.cxense.com
Investor Relations Contact:
Jørgen Loeng, Chief Financial Officer
Email: ir@cxense.com
Mobile: +47 906 60 062