Innovid Corp reports results for the quarter ended in June - Earnings Summary

Innovid

08/08/2023 15:08

* Innovid Corp  CTV.N  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 3 cents per share.
    * Revenue rose 4.4% to $34.55 million from a year ago;
analysts
expected $32.00 million. 
    * Innovid Corp's reported EPS for the quarter was a loss
of 14
cents​.
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Innovid Corp shares had risen by 2.8% this quarter and
lost 34.5% so far this year.
    * The company reported a quarterly loss of $18.96 million.
    * Wall Street's median 12-month price target for Innovid
Corp is
$2.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 02:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.03          -0.13          Missed
 Mar. 31 2023      -0.05          -0.05          Met
 Dec. 31 2022      -0.02          -0.03          Missed
 Sep. 30 2022      -0.05          -0.09          Missed