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Accelerize Inc. (ACLZ) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

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.

 

 
 

The following information was filed by Accelerize Inc. (ACLZ) on Tuesday, May 9, 2017 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-Q Quarterly 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-Q Quarterly Report

Document And Entity Information
Note 7 - Comprehensive Loss
Condensed Consolidated Balance Sheets (current Period Unaudited)
Condensed Consolidated Balance Sheets (current Period Unaudited) (parentheticals)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Comprehensive Loss
Unaudited Condensed Consolidated Statements Of Operations
Note 1 - Organization And Description Of Business
Note 10 - Subsequent Events
Note 10 - 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 2 - Summary Of Significant Accounting Policies - Accounts Receivable (details)
Note 2 - Summary Of Significant Accounting Policies - Advertising Costs (details)
Note 2 - Summary Of Significant Accounting Policies - Basic And Diluted Earnings Per Share (details)
Note 2 - Summary Of Significant Accounting Policies - Property And Equipment (details)
Note 2 - Summary Of Significant Accounting Policies - Property And Equipment, Depreciation Expense (details)
Note 3 - Prepaid Expenses
Note 4 - Deferred Revenues
Note 4 - Deferred Revenues (tables)
Note 4 - Deferred Revenues - Deferred Revenues (details)
Note 5 - Line Of Credit And Loan
Note 5 - Line Of Credit And Loan (details Textual)
Note 5 - Line Of Credit And Loan (tables)
Note 5 - Line Of Credit And Loan - Estimated Future Amortization Expense (details)
Note 5 - Line Of Credit And Loans - Line Of Credit And Loans (details)
Note 6 - Stockholders' Equity
Note 6 - Stockholders' Equity (details Textual)
Note 6 - Stockholders' Equity (tables)
Note 6 - Stockholders' Equity - Additional Stock Option Information (details)
Note 7 - Comprehensive Loss (tables)
Note 7 - Comprehensive Loss - Accumulated Other Comprehensive Loss (details)
Note 7 - Comprehensive Loss - Reconciliation From Net Loss To Comprehensive Income (details)
Note 8 - Segments
Note 8 - Segments (details Textual)
Note 8 - Segments (tables)
Note 8 - Segments - Sales By Geographic Region (details)
Note 9 - Commitments And Contingencies
Note 9 - Commitments And Contingencies (details Textual)
Significant Accounting Policies (policies)
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

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