Telaria, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2017
November 07, 2017 at 12:01 pm
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Telaria, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue was $12,715,000 against $7,633,000 a year ago. Loss from continuing operations was $3,953,000 against $4,213,000 a year ago. Loss from continuing operations before income taxes was $3,302,000 against $4,145,000 a year ago. Loss from continuing operations, net of income taxes was $3,273,000 against $4,114,000 a year ago. Net income was $12,294,000 against net loss of $3,617,000 a year ago. Basic and diluted earnings loss per share from continuing operations was $0.06 against $0.08 a year ago. Basic and diluted earnings per share attributable to company were $0.24 against basic and diluted loss per share attributable to company of $0.07 a year ago. Adjusted EBITDA was $416,000 against negative adjusted EBITDA of $1,958,000 a year ago.
For the nine months, the company reported revenue was $28,788,000 against $18,744,000 a year ago. Loss from continuing operations was $20,127,000 against $20,027,000 a year ago. Loss from continuing operations before income taxes was $19,581,000 against $20,259,000 a year ago. Loss from continuing operations, net of income taxes was $19,637,000 against $20,756,000 a year ago. Net income was $3,134,000 against net loss of $20,546,000 a year ago. Basic and diluted earnings loss per share from continuing operations was $0.39 against $0.4 a year ago. Basic and diluted earnings per share attributable to company were $0.06 against basic and diluted loss per share attributable to company of $0.39 a year ago. Negative adjusted EBITDA was $9,559,000 against $10,890,000 a year ago. Net cash used in operating activities was $9,625,000 against $7,824,000 a year ago. Purchase of property and equipment was $1,017,000 against $2,727,000 a year ago.
The company provided earnings guidance for the fourth quarter and full year of 2017. For the quarter, the company expects revenue in the range of $14.5 million to $16.5 million and adjusted EBITDA in the range of $2.5 million to $3.5 million a year ago.
For the year 2017, the company expects revenue in the range of $43.2 million to $45.2 million and negative adjusted EBITDA in the range of $7.1 million to $6.1 million a year ago. At the midpoint of the revenue guidance, these figures represent more than 50% growth from 2016. For adjusted EBITDA, these results imply adjusted EBITDA profitability for the back half of this year.
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Telaria, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2017