Sabio Holdings Projects Record Revenues and Profitability in 2024
Sabio Holdings Expects Strong Financial Results for Q3-2024
Sabio Holdings Inc, a prominent ad-tech company, anticipates remarkable growth in its financial performance for the third quarter of 2024. Based on preliminary results, the company expects revenues to range from US$15.5 million to US$15.8 million, marking an impressive increase of over 75% compared to US$8.8 million in the same quarter of the previous year. This remarkable financial growth reflects the company’s strategic focus on expanding its core branded Connected TV/OTT ad-supported streaming business.
Key Metrics Indicating Robust Growth
In addition to the expected revenue surge, Sabio anticipates achieving a gross margin of between 58% and 61% for Q3-2024. These numbers indicate a robust operational performance, along with positive net income. Furthermore, Sabio is on track to achieve full-year Adjusted EBITDA profitability by the end of the third quarter, representing a significant turnaround compared to the US$1.6 million Adjusted EBITDA loss recorded during the first half of 2024.
Management's Insights on Future Performance
Sajid Premji, Sabio's CFO, expressed enthusiasm about the company's direction during a recent statement. He stated, "Our record third-quarter revenues are primarily driven by our Connected TV/OTT ad-supported streaming business, which continues to grow at double-digit rates. We are pleased to expect to return to full-year positive Adjusted EBITDA profitability by the end of Q3, further supporting our goal for a historically profitable fourth quarter." This positive sentiment demonstrates confidence in sustaining growth into the next fiscal year.
Continued Focus on Core Competencies
Sabio Holdings is dedicated to enhancing its technology and service offerings in the rapidly evolving ad-supported streaming space. The company’s proprietary ad-serving technology pairs with world-renowned streaming platforms, positioning Sabio as a leader in connecting brands with their audiences effectively. Moreover, the innovative App Science™ analytics platform offers valuable insights that help optimize advertising strategies without relying on cookie-based tracking.
Upcoming Financial Reporting
The management team at Sabio stressed that the preliminary results shared are subject to change following final audits and review processes. A detailed reconciliation to Adjusted EBITDA will be available in the full financial statements and Management’s Discussion and Analysis (MD&A) expected to be filed soon. This level of transparency ensures that investors stay informed about the company’s financial health and strategic direction.
Frequently Asked Questions
What revenue range is Sabio expecting for Q3-2024?
Sabio anticipates revenues between US$15.5 million and US$15.8 million for Q3-2024.
How has Sabio performed compared to the previous year?
Sabio's expected revenues for Q3-2024 represent more than a 75% increase from US$8.8 million in Q3-2023.
What is the expected gross margin for Q3-2024?
The company expects a gross margin between 58% and 61% for the third quarter.
Who is the CFO of Sabio Holdings?
Sajid Premji is the Chief Financial Officer of Sabio Holdings.
When will full financial results be available?
Full financial results will be available in the upcoming filing of the company’s financial statements and MD&A, expected soon.
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