Propel Media, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 14, 2017 at 10:26 pm
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Propel Media, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of $21,515,000 against $15,578,000 a year ago. Operating income was $8,905,000 against $3,010,000 a year ago. Income before income tax benefit was $5,293,000 against $182,000 a year ago. Net income was $3,355,000 against $126,000 a year ago. Net income per common share, basic and diluted was $0.01 against $0.00 a year ago. Adjusted EBITDA was $9,742,000 against $5,562,000 a year ago.
For the six months, the company reported revenues of $40,147,000 against $30,902,000 a year ago. Operating income was $15,640,000 against $5,164,000 a year ago. Income before income tax benefit was $9,117,000 against loss of $900,000 a year ago. Net income was $5,753,000 against loss of $537,000 a year ago. Net income per common share, basic and diluted was $0.02 against $0.00 loss per share a year ago. Adjusted EBITDA was $17,149,000 against $8,821,000 a year ago.
Propel Media, Inc. (Propel) is a holding company for Propel Media LLC (Propel Media) and Kitara Media Corp. (Kitara). Propel is a diversified online advertising company. Propel is engaged in the sale of advertising and reaching consumers in the United States and internationally to promote their products and services. The Propel Media Ad Marketplace connects digital marketers with audiences through real-time intent-based technology. Its platform also utilizes various ad platforms in order to access inventory for its media buys.