TORONTO, May 29, 2019 /CNW/ - AcuityAds Holdings Inc. ("AcuityAds" or the "Company") (TSXV:AT), advises that, following the release yesterday morning of its financial results for the quarter ended March 31, 2019, a major third party financial data services company provided incorrect information to its clients regarding AcuityAds' revenue for the period, which was incorrectly reported as $1.016M of revenue. Acuity's actual reported revenue for Q1 2019 was $27.92M, a growth of 247% over Q1 2018. This party has since corrected the information it makes available to its clients and has apologized to the Company for any inconvenience its error may have caused.
AcuityAds is a leading technology company that provides marketers a powerful and holistic solution for digital advertising across all ad formats and screens to amplify reach and Share of Attention® throughout the customer journey. Via its unique, data-driven insights, real-time analytics and industry-leading activation platform based on proprietary Artificial Intelligence technology, AcuityAds leverages an integrated ecosystem of partners for data, inventory, brand safety and fraud prevention, offering unparalleled, trusted solutions that the most demanding marketers require to be successful in the digital era.
AcuityAds is headquartered in Toronto with offices throughout the U.S., Europe and Latin America. For more information, visit AcuityAds.com.
Disclaimer in regards to Forward-looking Statements:
Certain statements included herein constitute "forward‐looking statements" within the meaning of applicable securities laws. Forward‐looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward‐looking statements. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward‐looking statements to reflect, in particular, new information or future events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE AcuityAds Inc.
For further information: Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416‐644‐5081, firstname.lastname@example.org; Tal Hayek, Chief Executive Officer, AcuityAds Holdings Inc., 416‐218‐9888, email@example.com