Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1352952/000143774917008762/aclz20170331_10q.htm
Exhibit 99.1
Accelerize Inc. Reports Financial Results FOR THE FIRST QUARTER OF 2017
● |
Software licensing revenue in Q1 2017 rose 12% to $4.9 million with total revenue reaching $6 million |
● |
Company achieved operating income of $226K in Q1 2017 compared to an operating loss of ($380K) in Q1 2016 |
● |
Net loss in Q1 2017 narrowed to ($55K) compared to a net loss of ($583K) in Q1 2016 |
● |
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
● |
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. |
● |
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. |
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Accelerize Inc..
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1352952/000143774917008762/aclz20170331_10q.htm
Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.
ContinueRead positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.
ContinueRemove data columns and navigations in order to see much more filing content and tables in one view
ContinueRead both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q
ContinueExport Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis
ContinueGet one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports
Continue for FREEOur Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not
ContinueOur Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity
ContinueSee how over 70
Growth, Profitability and Financial Ratios perform over 10 Years