illumin Holdings Inc T.ILLM

Alternate Symbol(s): ILLMF

Communication Services

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 > Year end results

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Post by Torontojayon Mar 10, 2022 7:20am

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Post# 34502130

Year end results

Fiscal Year 2021 Highlights

Total revenue for the year ended December 31, 2021 was $122.0 million, an increase of 16.3% compared to the same period in 2020, and a 23.6% year over year increase on a constant currency basis. The increase was driven mainly by new illumin revenue.
illumin revenue was $26.0 million for the year ended 2021.
Gross margin for the year ended December 31, 2021 was 52.1%, compared to 51.6% for the same period in 2020.
Net revenue or gross profit (revenue less media costs) for the year ended December 31, 2021 was $63.6 million, up 17.5% compared to $54.1 million for the same period in 2020.
Adjusted EBITDA increased 28.3% to $20.3 million for the year ended December 31, 2021, compared to $15.8 millionfor the prior year. Adjusted EBITDA margin as a percent of total and net revenue was 17% and 32%, respectively.
Total Connected TV segment revenue grew approximately 251% year-over-year.
Net income increased 186% to $10.6 million for the year ended December 31, 2021, compared to net income of $3.7 million for the year ended December 31, 2020.
Operating cash flow was $19.7 million for the year ended December 31, 2021, compared to operating cash flow of $19.4 million for 2020.