AcuityAds Reports Q4 and Fiscal Year 2019 Financial Results

AcuityAds Holdings (TSX:AT,OTCQX:ACUIF) announced its financial results for the three and twelve months ended December 31, 2019.

As quoted in the press release:

“We are incredibly pleased with our results for the fourth quarter of 2019 as we achieved record revenue, Adjusted EBITDA and net income.  The Company performed above our expectations as we continued to see strong momentum in our business as well as higher gross margins attributable to our enhanced AI platform and lower costs resulting from tighter expense controls,” said Tal Hayek, Chief Executive Officer of AcuityAds.  “2019 was also a record year for Acuity.  We delivered $119 million in revenue and close to $10 million in Adjusted EBITDA while also investing significant resources into our AI technology, expanding our inventory supply pipes and developing a new self-serve advertising automation system.”

Click here to read the full press release.