ACUIF - AcuityAds Q1 shows massive growth in TV segment

AcuityAds ([[ACUIF]] -3.0%) generated Q1 revenue of C$27.5M, a 13.4% increase Y/Y, growth was driven by our new advertising automation platform, illumin, and newer emerging verticals such as pharmaceutical, technology and direct-to-consumer brands.Total Connected TV segment revenue grew approximately 987%.Gross margin was 52.3%, compared to 50.3% prior year.Adjusted EBITDA increased over 151% to $4.5M.Adjusted EBITDA margin was 17% and as a percentage of net revenue was 32%.Adjusted Net Income increased over 318% to C$4.2M; GAAP EPS of C$0.03Jonathan Pollack, AcuityAds' CFO, commented, "We are proud to report yet another solid quarter, delivering both top and bottom-line year-over-year growth. Our revenues grew 13.4% while Adjusted EBITDA grew over 151% compared to the prior year.  As a result, cash grew to a record C$27M with working capital eclipsing C$30M, reflecting an even stronger balance sheet.  As we look forward, we anticipate strong quarterly revenue growth throughout the remainder of 2021. We also believe we will be

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AcuityAds Q1 shows massive growth in TV segment