illumin Holdings Inc T.ILLM

illumin Reports Fourth Quarter

[Betteryear2]

Total Revenue of $37.0 million for the Fourth Quarter
Full year Self-Service Revenue up 33% YoY
Q4 illumin Self-Service Revenue up 75% QoQ and 271% YoY

(All monetary figures are expressed in Canadian dollars unless otherwise stated)

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- illumin Holdings Inc. (TSX: ILLM) (“illumin” or “Company”), a journey advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

illumin Reports Fourth Quarter and Full Year 2023 Financial (globenewswire.com)

[campst]

The pace of Self serve growth is good, but the company needs better.  This highlights the need for a Marketing/sales oriented CEO.  Hope fully there will be an announcement on that soon. Most concerning to me, however, is the stagnant margins.  At this level of self serve, I had hoped to see the beginning of improvement in these numbers. This will be a long year of share buy

[Torontojay]

Horrible fourth quarter.  I hope for current shareholders that the CEO steps down. 

[pacer217]

I would that "Horrible" is too strong a word  ( and I did sell  athird of my small holding in Febr.) BUT when you factor in that over half of the losses were from Financial exhange losses.  While the "self serve part of the business seems healthy and growing.  The worst you can say is that new customers are window shopping  and they were slow to pivot from

[campst]

You said you capitulated. Why are you still posting?

[kentucky77]

Hate to say it, howerever, they could simply propose a merger of Illumin with Trade Desk and put investors out of our misery. 

[campst]

A merger would be fine, a buyout by Trade desk would not IMO.

[Torontojay]

0 Fortune 500 companies as clients on Illumin self serve. So much for a disruptive tech company that Tal kept talking about. The Trade Desk has complete dominance on the programmatic market  and there's just a small piece of the pie left for others.     

[campst]

I suggest you move on.  Hanging around here may not be good for your mental health.  Sorry to be blunt.