NetworkNewsBreaks – iClick Interactive Asia Grou
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Posted On: 05/22/2020 3:13:19 PM
NetworkNewsBreaks – iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) Announces Record Results for Q1 2020
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced unaudited financial results for the first quarter ended March 31, 2020. Among the highlights, the company reported record first quarter revenues, gross profit, adjusted EBITDA and gross billing. In addition, iClick reported its second consecutive quarter of positive adjusted net income. “We are proud of achieving record results in gross billing, revenue, gross profit, adjusted EBITDA and adjusted net income in this quarter compared to any other first quarters in our company’s history despite facing massive challenges due to the coronavirus pandemic,” Jian “T.J.” Tang, CEO and co-founder of iClick, stated in the news release. “We reported revenue of US$49.0 million, an increase of 25% year-over-year, while our gross billing grew to US$158.0 million, an increase of approximately 64% from the first quarter of 2019. With the continued improvement in profitability and cost controls, we recorded gross profit of US$13.3 million, adjusted EBITDA of US$2.4 million and adjusted net income of US$0.6 million.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced unaudited financial results for the first quarter ended March 31, 2020. Among the highlights, the company reported record first quarter revenues, gross profit, adjusted EBITDA and gross billing. In addition, iClick reported its second consecutive quarter of positive adjusted net income. “We are proud of achieving record results in gross billing, revenue, gross profit, adjusted EBITDA and adjusted net income in this quarter compared to any other first quarters in our company’s history despite facing massive challenges due to the coronavirus pandemic,” Jian “T.J.” Tang, CEO and co-founder of iClick, stated in the news release. “We reported revenue of US$49.0 million, an increase of 25% year-over-year, while our gross billing grew to US$158.0 million, an increase of approximately 64% from the first quarter of 2019. With the continued improvement in profitability and cost controls, we recorded gross profit of US$13.3 million, adjusted EBITDA of US$2.4 million and adjusted net income of US$0.6 million.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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