Brief: Acuityads Expects Monthly Advertising Spend Improvements To Continue Into Q3

illumin Holdings

13/08/2020 12:05

Aug 13 (Reuters) - AcuityAds Holdings Inc  AT.TO :
    * ACUITYADS REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS
    * TOTAL REVENUE FOR THREE MONTHS ENDED JUNE 30, 2020 WAS
$19.6
MILLION, A DECREASE OF 24%
    * NET LOSS FOR THREE MONTHS ENDED JUNE 30, 2020 WAS $1.6
MILLION
COMPARED TO NET LOSS OF $3.5 MILLION
    * ACUITYADS HOLDINGS - ADJUSTED NET INCOME FOR THREE MONTHS
ENDED
JUNE 30, 2020 WAS $1.4 MILLION COMPARED TO AN ADJUSTED NET LOSS
OF $0.7 MILLION
    * EXPECT MONTHLY ADVERTISING SPEND IMPROVEMENTS TO CONTINUE
INTO
Q3 OF 2020
    * Q2 REVENUE VIEW C$18.4 MILLION -- REFINITIV IBES DATA

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