Q3 2024 illumin Holdings Inc Earnings Call Transcript
Key Points
- Illumin Holdings Inc (ILLMF) reported record total revenue of $36.3 million for Q3 2024, marking a 23% increase year over year.
- The company's self-service revenue grew by 64% compared to Q3 2023, driven by new customer relationships and enhanced sales initiatives.
- Adjusted EBITDA rose by 200% compared to the same period in 2023, indicating improved sales productivity and cost management.
- The company onboarded 29 new self-service clients, reflecting the success of targeting higher spend customers.
- Programmatic revenue increased by 39%, contributing to the overall growth in managed services revenue for the first time in over a year.
- Despite revenue growth, Illumin Holdings Inc (ILLMF) reported a net loss of $1.1 million for Q3 2024, compared to a profit of $800,000 in the same period last year.
- The company experienced higher operating expenses, totaling approximately $18 million, due to increased technology and consulting costs.
- There was a decrease in cash and cash equivalents to $51.4 million as of September 30, 2024, from $55.5 million at the end of 2023.
- The net foreign exchange loss contributed to the net loss, contrasting with a gain in the prior year period.
- The company is still in the early stages of its strategic transformation, indicating potential uncertainties in achieving long-term goals.
Good morning, everyone. Before we begin the official remarks, I will read the cautionary note regarding forward-looking information. Certain information to be discussed during this call contains forward-looking statements within the meaning of applicable security laws including among other statements concerning the company's objectives.
The company's strategy to achieve those objectives, as well as statements with respect to management's beliefs, plans, estimates and intentions and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, such forward-looking statements reflect management's current beliefs and are based on information currently available to management and is subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated.
Please refer to the cautionary statement and risk factors identified in our filings with CDAR for a more detailed explanation of the inherent risks and uncertainties that could affect such forward
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
