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 > TD

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Comment by truthis0utther3on May 12, 2022 4:12pm

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Post# 34679280

RE:TD

TD were so disappointed that they didn't even bother attending or asking any questions on the call.

retiredcf wrote: Currently have a $6.00 target. GLTA

AcuityAds Holdings Inc.

(AT-T) C$3.03

Negative Sequential Growth for illumin Requires Explanation

Event

Q1/22 results

Impact: NEGATIVE

In the wake of some choppy results from other digital media players recently, we believe the overall revenue and EBITDA posted by AT (see table and bullets below) could be viewed as neutral versus whisper expectations. However, we will call the print negative for now as we would like some additional clarity on the call regarding illumin platform revenue trends. illumin revenue increased 145% Y/Y, to $7.9 million, but it was down sequentially from $10.2mm in Q4/21 (for reference, Q3/Q2/Q1 were $7.4/$5.2/$3.2mm). We would not expect seasonality to offset structural growth at such an early stage for a new product, so we were surprised to see the Q/Q decline. Furthermore management indicates in the release that: "We saw expansion in our illumin client base, both overall as well as specifically with tier one clients. illumin clients grew 259% year-over-year, reaching 61 clients in total, while tier ones were up 150% from the prior year, totaling 20 clients by quarter end." This sounds good, but we note that the Q4/21 presentation showed 62 total illumin clients (so they went down one in the past three months) and 26 tier one clients (so they lost six). If this sequential performance (both clients and revenue) cannot be explained away by unusual timing or seasonal factors on the call, then we fear a bad day for AT shares. Why would even a single customer leave the illumin platform if it performs so well versus legacy programmatic DSP systems?

Call is at 8:30AM ET (778-907-2071; 81248710409)

Revenue of $23.8 million versus TD/consensus $25.3mm/$25.5mm

Net revenue of $11.9 million versus TD/consensus $12.8mm/$13.0mm

Adjusted EBITDA of $0.2 million versus TD/consensus $0.3mm/$0.9mm

EPS of ($0.07) versus TD/consensus ($0.03)/($0.02)