illumin Holdings Inc T.ILLM

Alternate Symbol(s): ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns. Its Programmatic Marketing Platform, powered by machine learning technology, is at the core of its business, accompanied by patented solutions for analytics-led video and mobile targeting that leverages data. It enables marketers by offering near real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results and help solve the challenges that digital advertisers face. Its illumin software offers advertising automation technology that offers planning, media buying and omnichannel intelligence from a single platform.

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illumin Holdings Inc

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Post by retiredcfon Mar 02, 2021 1:34pm

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Post# 32696219

TD

If you scroll to the bottom, you will see that AT slightly beat TD's estimates for revenue and net revenue while they handily beat estimates for Adjusted EBIDTA and EPS. GLTA

AcuityAds Holdings Inc.

(AT-T) C$29.26

Q4/20 Results

Event

Q4/20 results were released this morning and the conference call just ended.

Impact: MIXED

Gross and net revenue slightly exceeded TD and consensus expectations in Q4, while there was a bigger beat at the adjusted EBITDA line (see table and bullets below). The EPS (IFRS basis) beat was arguably skewed by $1.8 million in PPP loan forgiveness, but we are pleased to see that the company was able to use government programs to buttress its cash flow during the depths of the pandemic when revenue was temporarily depressed. We believe investors will be more interested in looking forward to the outlook for 2021 as both advertising activity gradually returns to normal and as the illumin platform gains more traction. On that basis, we call the results and call mixed because:

We were pleased to hear management guide to a return to positive Y/Y revenue growth in Q1/21. Our pre-quarter estimate was slightly above consensus and we were calling for +19% Y/Y growth in Q1/21.
We were also pleased with the qualitative commentary related to strong interest in the illumin platform from large advertisers, and the expectation of significant sequential growth in Q1/21.
It was also positive in our view that the application for a NASDAQ listing has now been submitted, with an expedited process expected owing to the company's existing TSX listing.
However, there was no hard guidance provided for either illumin or consolidated revenues for either Q1/21 or FY21. Given the recent appreciation in AT shares, we believe an increase in consensus revenue expectations is baked into investor expectations. Perhaps Acuity will provide a Q1/21 update on illumin revenue in early April, and/or concurrent with a NASDAQ listing, but for now we came away a bit disappointed with the lack of granularity.

Q4/20 highlights: