AcuityAds Updates Expected Revenue Growth for Rest of Fiscal Year

AcuityAds Holdings (TSXV:AT; OTCQB:ACUIF) revealed it has made an adjustment in its revenue expectations for the year. At its current pace, the company still expects full year growth of approximately 50 percent.
As quoted in the press release:

The Company has outlined three significant factors that have led to this revenue guidance for fiscal 2017.
Europe, Middle East & Africa (EMEA) Self-Service Region:
The Company has identified a select number of Self-Serve partners in the EMEA region that were not meeting AcuityAds’ quality standards for the use of its Self-Serve platform.  The Company has chosen to take a long term view and remove these partners from its Self-Serve platform recognizing that there would be an impact on revenue.  However, the Company believes that this move would ultimately benefit its long-term growth objectives.

Click here to read the full press release.

Source: www.newswire.ca