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Exhibit 99.1
Accelerize Inc. Reports Financial Results FOR THE FIRST QUARTER OF 2017
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Software licensing revenue in Q1 2017 rose 12% to $4.9 million with total revenue reaching $6 million |
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Company achieved operating income of $226K in Q1 2017 compared to an operating loss of ($380K) in Q1 2016 |
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Net loss in Q1 2017 narrowed to ($55K) compared to a net loss of ($583K) in Q1 2016 |
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Adjusted EBITDA rose to $590K, a 75% increase compared to adjusted EBITDA of $337K in Q1 2016 |
Newport Beach, CA – May 9, 2017 – Accelerize Inc. (OTCQB: ACLZ) (OTCBB: ACLZ), a leader in marketing technology solutions, today announced financial results for its first quarter ended March 31, 2017.
Accelerize owns and operates CAKE, a marketing technology provider of solutions that track, attribute and optimize 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 campaign performance and return on advertising spend.
Business Highlights for Q1 2017
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Continued Growth of Monthly Recurring License Fees, Average Revenue per Customer and Total Number of Customers: Q1 2017 software license fee revenues increased 12% year-over-year to $4.9MM and comprised 83% of total revenue compared to 75% in Q1 2016. Total number of customers increased by 9% with average license revenue per customer increasing by 3% year-over-year through broader usage of the Company’s SaaS platform. Revenue remained broad-based with no single customer representing more than 5% of total revenue. |
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Expanded Software Capabilities Expected to Open Larger Market Opportunities: The Company invested significant financial resources in software development throughout 2016 and into Q1 2017, in order to complete a comprehensive series of innovations to its CAKE enterprise software platform specifically designed to meet the needs of large brands, networks and publishers. These innovations provide sophisticated predictive analytics, multi-channel integrations and full reporting functionalities that are essential to maximize the digital spend of these large market end customers. With this significantly improved functionality, the Company believes its CAKE enterprise software platform is now well-positioned to drive more expansive future recurring-revenue opportunities and intends to ramp its global sales efforts in the large advertiser and brand space throughout the remainder of 2017. |
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Accelerize Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Accelerize Inc. provided additional information to their SEC Filing as exhibits
Ticker: ACLZ
CIK: 1352952
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-17-008762
Submitted to the SEC: Thu May 11 2017 4:02:54 PM EST
Accepted by the SEC: Thu May 11 2017
Period: Friday, March 31, 2017
Industry: Business Services