Brief: Acuityads Provides Business Update Related To Covid-19

illumin Holdings

01/04/2020 13:45

April 1 (Reuters) - AcuityAds Holdings Inc  AT.TO :
    * ACUITYADS PROVIDES BUSINESS UPDATE RELATED TO COVID-19
    * ACUITYADS HOLDINGS INC - HAS DEFERRED OR ELIMINATED ALL
DISCRETIONARY SPENDING AND REDUCED OTHER FIXED AND VARIABLE SG&A
EXPENSES
    * ACUITYADS HOLDINGS INC - ALL SENIOR PERSONNEL ACCEPTING A
TEMPORARY 20% REDUCTION IN BASE PAY
    * ACUITYADS HOLDINGS INC - CURRENTLY HAS APPROXIMATELY $10
MILLION
IN CASH AND AVAILABILITY UNDER ITS CREDIT FACILITY
    * ACUITYADS HOLDINGS INC - GUIDING THAT ITS ADJUSTED EBITDA
FOR Q1
OF 2020 IS EXPECTED TO BE AHEAD OF Q1 OF 2019

Source text for Eikon:  ID:nCNWRPCM6a 
Further company coverage:  AT.TO 

 ((Reuters.Briefs@thomsonreuters.com;))