services vs goods What I do know is that consumer spending behaviours have shifted from goods to services, especially in Q3. This could be good news for Acuityads as their clients were previously concentrated on the services side including hospitality, travelling etc. If they could regain some of these lost clients, then we could see a surprise in Q3 numbers. On the flip side, some clients that sold physical goods such as mattresses may have reduced their spending. The good news going forward is the company does not face major customer concentration risk. Moreover, they are diversified across a number of verticals of which some are recession proof.
Tal Hayek promised to deliver y/y growth in Q3 and the current share price decline may be indicative that the market does not believe it will happen.