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Accelerize Inc. (ACLZ) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

SEC Filings

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

Exhibit 99.1

 

 

Accelerize Inc. Reports Financial Results for the Second Quarter of 2017

 

Software licensing revenue in Q2 2017 rose 6.1% to $4.9 million

 

Company increased R&D and marketing expenses in preparation for the launch of its new enterprise software in Q3 2017

 

Completed a $15 million three-year hosting service extension in July 2017 to support anticipated growth from its enterprise software launch

 

 

NEWPORT BEACH, Calif. – August 9, 2017 –

Accelerize Inc. (OTCQB: ACLZ), a leader in marketing technology solutions, today announced financial results for its second quarter which ended June 30, 2017.

 

Accelerize Inc. owns and operates CAKE, a technology provider of customer journey analytics solutions that measurably improve marketing campaign performance and return on advertising spend. CAKE’s powerful software-as-a-service (SaaS) enterprise platform provides unparalleled insight into every step in the customer journey and sophisticated tools that enable advertisers, publishers, agencies and affiliate networks to maximize the effectiveness of their marketing efforts across the digital spectrum.

 

Business Highlights for Q2 2017

 

Continued Growth of Monthly Recurring License Fees, Average Revenue per Customer and Total Number of Customers: Q2 2017 software license fee revenues increased 6.1% year-over-year to $4.9MM and comprised 82% of total revenue compared to 77% in Q2 2016. Total number of customers increased by 5% with average license revenue per customer increasing by 1% 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.

Increased Investment in Technology for Cloud-based Enterprise Software Platform: During Q2 2017 the Company completed the development of its new enterprise software platform scheduled to be launched in Q3 2017. The Company expects this new enterprise product launch to significantly broaden the size and scope of its recurring-revenue opportunities, especially with large advertisers, publishers and brands.

 

 
 

The following information was filed by Accelerize Inc. (ACLZ) on Wednesday, August 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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SEC Filing Tools

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 - Estimated Future Amortization Expense (details)
Note 5 - Line Of Credit And Loans
Note 5 - Line Of Credit And Loans (details Textual)
Note 5 - Line Of Credit And Loans (tables)
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 - Stock Options (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 Loss (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: 0001437749-17-019344
Submitted to the SEC: Tue Nov 14 2017 4:04:03 PM EST
Accepted by the SEC: Tue Nov 14 2017
Period: Saturday, September 30, 2017
Industry: Business Services

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