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Accelerize Inc. (ACLZ) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

Exhibit 99.1

   

Accelerize Inc. Reports Record Full-Year 2015 Revenue OF $21.4 Million

2015 revenue increases 30% year-over-year as Company achieves profitability on an adjusted EBITDA basis in Q4

 

Newport Beach, CA – March 15, 2016

– Accelerize Inc. (OTCQB: ACLZ) (OTCBB: ACLZ), a leader in marketing technology solutions, today announced financial results for its fiscal year ended December 31, 2015.

 

Accelerize owns and operates CAKE, a marketing technology provider of solutions that track and analyze the performance of digital marketing spend, in real-time. CAKE’s powerful software-as-a-service (SaaS) enterprise platform is an industry standard for affiliate networks, advertisers, publishers and agencies to measurably improve and optimize campaign performance and return on investment.

 

Company Highlights for 2015

 

Company achieves Profitability in Q4 on an Adjusted EBITDA Basis: The Company achieved positive adjusted EBITDA in Q4 as a direct result of strategic initiatives implemented in Q3 to realign the company's cost structure and streamline operations while focusing on sales growth and global expansion. Adjusted EBITDA is a non-GAAP measure management believes provides important insight into the Company's operating results (see reconciliation of non-GAAP measures below).

 

Customer Growth and Revenue Expansion: Q4 revenue reached $5.46 million increasing by 13% year over year with record monthly recurring license revenues. During Q4, the average number of customers increased by 20% and revenue per customer increased by 8.5% year-over-year as CAKE continues to gain traction as an enterprise solution.

 

Continued International Expansion: The Company achieved significant global diversification with 29% of overall revenue derived outside the U.S. for fiscal year 2015, up from 25% for fiscal year 2014. CAKE achieved a 52% year over year increase in the number of customers it services outside the United States and now serves customers in more than 30 countries worldwide. During 2015 Cake added more than 60 new clients from the EMEA, APAC and LATAM regions to its growing international customer base.

 

 
 

The following information was filed by Accelerize Inc. (ACLZ) on Tuesday, March 15, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Note 5 - Deferred Revenues
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity (deficit)
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Note 10 - Commitments Under Employment Agreements Over The Next Year (details)
Note 10 - Future Annual Minimum Payments Required Under Operating Lease Obligations (details)
Note 2 - Accounts Receivable (details)
Note 2 - Advertising Costs (details)
Note 2 - Basic And Diluted Earnings Per Share (details)
Note 2 - Property And Equipment (details)
Note 2 - Property And Equipment, Depreciation Expense (details)
Note 5 - Deferred Revenues (details)
Note 6 - Estimated Future Amortization Expense (details)
Note 7 - Additional Information Stock Options (details)
Note 7 - Assumptions Used To Determine Fair Value Of Stock Options Granted (details)
Note 7 - Assumptions Used To Determine Fair Value Of Warrants Granted (details)
Note 7 - Stock Option Activity (details)
Note 7 - Warrant Activity (details)
Note 8 - Components Of The Deferred Tax Assets And Liabilities (details)
Note 8 - Reconciliation Of The Company's Effective Tax Rate To The Statutory Federal Rate (details)
Note 9 - Sales By Geographic Region (details)
Note 1 - Organization And Description Of Business
Note 10 - Commitments And Contingencies
Note 10 - Commitments And Contingencies (details Textual)
Note 10 - Commitments And Contingencies (tables)
Note 11 - Subsequent Events
Note 11 - Subsequent Events (details Textual)
Note 2 - Summary Of Significant Accounting Policies
Note 2 - Summary Of Significant Accounting Policies (details Textual)
Note 2 - Summary Of Significant Accounting Policies (tables)
Note 3 - Prepaid Expenses
Note 4 - Customer Relationships
Note 4 - Customer Relationships (details Textual)
Note 5 - Deferred Revenues (tables)
Note 6 - Line Of Credit
Note 6 - Line Of Credit (details Textual)
Note 6 - Line Of Credit (tables)
Note 7 - Stockholders' Equity
Note 7 - Stockholders' Equity (details Textual)
Note 7 - Stockholders' Equity (tables)
Note 8 - Income Taxes
Note 8 - Income Taxes (details Textual)
Note 8 - Income Taxes (tables)
Note 9 - Segments
Note 9 - Segments (details Textual)
Note 9 - Segments (tables)
Significant Accounting Policies (policies)
Ticker: ACLZ
CIK: 1352952
Form Type: 10-K Annual Report
Accession Number: 0001437749-16-027968
Submitted to the SEC: Thu Mar 17 2016 4:54:00 PM EST
Accepted by the SEC: Thu Mar 17 2016
Period: Thursday, December 31, 2015
Industry: Business Services

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