Telaria, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018. Provides Earnings Guidance for Second Quarter and Full Year of 2018
May 07, 2018 at 04:37 pm IST
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Telaria, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $9,601,000 compared to $6,139,000 for the same period a year ago. Loss from continuing operations was $6,827,000 compared to $9,525,000 for the same period a year ago. Loss from continuing operations before income taxes was $6,113,000 compared to $9,552,000 for the same period a year ago. Loss from continuing operations, net of income taxes was $6,127,000 compared to $9,542,000 for the same period a year ago. Net loss was $6,101,000 or $0.12 per basic and diluted share compared to $6,860,000 or $0.14 per basic and diluted share for the same period a year ago. Adjusted LBITDA was $3,325,000 compared to $6,748,000 for the same period a year ago. Net cash used in operating activities was $3,798,000 compared to $12,537,000 for the same period a year ago. Purchase of property and equipment was $256,000 compared to $754,000 for the same period a year ago.
For the second quarter, the company expected revenue to be between $11.5-$13.5 million. Adjusted LBITDA expected to be between $2.0-$0.0 million.
For the full year, the company expected revenue to be between $58.0-$62.0 million. Adjusted EBITDA expected to be between $5.0-$8.0 million.
Magnite CTV, Inc. is a United States-based company. The Company is an independent omnichannel sell-side advertising platform. Publishers uses its technology to monetize their content across all screens and formats including CTV, online video, display, and audio.
Telaria, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018. Provides Earnings Guidance for Second Quarter and Full Year of 2018