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CXENSE ASA ANNOUNCES FOURTH QUARTER RESULTS - Q4 2015

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OSLO, NORWAY - FEBRUARY 19, 2015 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS FOR THE FOURTH QUARTER, WHICH ENDED DECEMBER 31, 2015.

Highlights:

  • All-time-high revenues in Q4 of USD 6.1 million, up 26% compared to the previous quarter, and 46% year-over-year.
  • Q4 2015 EBITDA of USD -1.4 million, more than 50% improvement over Q2 2015.
  • Continued improvements in Q1 2016; on target for 2016 EBITDA profitability.
  • An overall increase in upsell towards existing clients, as well as further reduction in churn, proves the stickiness of the Cxense SaaS offering
  • The Ramp Media acquisition strengthens the Cxense position in North America with customers such as ABC News, FOX Sports, the NFL, and the NBA, and provides a leading edge web and mobile video offering.
  • In Q4 2015, Cxense successfully raised USD 11.4 million to finance the Ramp acquisition, and to fund further growth.
  • Well positioned in a growing digital economy with real-time data management and personalization offering

The Q4 2015 report and presentation are attached to this notice.

Cxense ASA is presenting its Q4 2015 results on Friday February 19, 2016, 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=29501295

Cxense’s real-time data technology and service offering enables companies and brands to engage customers and users in a personal and relevant way, driving conversion, digital revenues and brand value. We have put an exciting 2015 behind us with an expanding customer base delivering revenue growth. For 2016, we will build on our world-class technology and strong market position led by Cxense’s personalization offering when we take part in an accelerating digital economy.

Ståle Bjørnstad, CEO of Cxense ASA

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 Condé Nast, Dow Jones/Wall Street Journal, Gannett, Globo, Grupo Clarin, Singapore Press Holdings, South China Morning Post, AEON, DMM, Rakuten, Naspers, Bonnier, El País, The Guardian, Schibsted, and many more.

For more information: www.cxense.com , Twitter: @Cxense (https://twitter.com/cxense). Cxense is listed on the Oslo Stock Exchange with the ticker 'CXENSE.'

Investor Relations Contact:

Jørgen Loeng

Chief Financial Officer

Email: jorgen.loeng@cxense.com

Mobile: +47 906 60 062

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