** charts before earnings **
** chart after earnings **
- 2 weeks later
- Reports Q3 (Sep) loss of $1.31 per share, $0.81 worse than the Capital IQ Consensus of ($0.50); revenues rose 60.3% year/year to $3.72 mln vs the $4.95 mln Capital IQ Consensus.
- Net revenues in the third quarter of 2017 increased 60% to $3.7 million from $2.3 million in the same period in 2016. The increase in net revenues was due to an increase in media agency revenues of $1.1 million, or 48%, and to an increase of $0.3 million, or 340%, in SaaS licensing revenues from the Company's AI platform.
- Gross profit in the third quarter of 2017 increased 83% to $3.4 million (92.1% of net revenues)
- Co states, "We expect to end the year with approximately 425 accounts and approximately 150 active third-party cognitive engines on our AI platform, as well as having processed approximately 2.75 million total hours of video and audio files during the year. And while we remain increasingly optimistic about our organic growth prospects, we are also continuing to selectively explore acquisition opportunities. We are very encouraged by the prospects of our business and we expect to continue to deliver on the metrics that will drive long-term business value for our company and our stockholders."
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