2020-11-24 07:07:01 ICLK iClick Interactive Asia
11/24/20 11/2407:07 11/24/2007:07 | iClick Interactive Asia reports Q3 adjusted EPS 3c, consensus 1cReports Q3 revenue $68.90M, consensus $68.16M. "We have delivered record revenue and gross profit in the third quarter of 2020, as China continues to recover from the coronavirus pandemic," said Jian "T.J." Tang, iClick's CEO. "Revenue for the Q3was $68.9M, an increase of 27% from the same period of last year, while our gross profit rose to $20.1M, up 48% on a year-over-year basis. We recorded a net loss of $7.1M, primarily due to the fair value losses of convertible notes and derivative liabilities, as our stock price performance remained strong during the third quarter of 2020. However, our adjusted EBITDA increased by 225% year-over-year to $4.7M. In addition, we had adjusted net income of $2.4M in the Q3. This marks the fourth consecutive quarter of adjusted net income. These solid results of operations are strong evidence of our brand customers' recognition of the value added by our data-driven solutions." |
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