TDThese are very good results and they have a $22.00 target. The only reason that this is rated Mixed is their concern about the tech sector (and particularly TTD). Agree with others that any decline in today's market sets up an excellent buying opportunity. GLTA
AcuityAds Holdings Inc.
(AT-T) C$11.83
Q1/21 Results and Q2 Guidance
Event
Q1/21 results.
Impact: MIXED
Q1 net revenue (+18% Y/Y) was basically in-line with expectations, while EBITDA and EPS were beats (see bullets and table below). Management is guiding for consolidated revenue growth of over 50% in Q2/21 (translates to over $20.5mm) as it laps pandemic impacts. This includes illumin achieving "strong sequential growth". Consensus for Q2 was $27.8mm (TD $27.2mm). We see nothing wrong with the results, but we note that comps got beat up yesterday, including The Trade Desk (TTD) being down 26% after reporting 37% Y/Y revenue growth in Q1/21.
Call is at 8:30 AM ET (647 374 4685).
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Revenue of $27.5 million versus TD at $27.5mm (consensus varied by sources but it was ~$27mm).
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Net revenue of $14.4 million versus TD at $14.2mm (consensus varied by source but it was ~$14mm).
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Revenues generated by illumin was $3.2 million in Q1/21, which is over double the ~$1.5 million achieved in Q4/20, and higher than the $2.7 million that was disclosed in a press release on April 13.
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Adjusted EBITDA of $4.5 million versus TD/consensus $3.0mm/$3.2mm (the result included $816k from the National Research Council’s Industrial Research Assistance Program).
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EPS of $0.03 versus TD/consensus $0.00/($0.01).