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Accelerize Inc. (ACLZ) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

Exhibit 99.1

 

Accelerize Inc. Reports Full Year 2017 Financial Results

 

NEWPORT BEACH, Calif. – March 22, 2018 –

Accelerize Inc. (OTCQB: ACLZ), or the Company, a leader in marketing technology solutions, today announced financial results for the full year ended December 31, 2017.

 

 

Accelerize owns and operates CAKE, a marketing technology that provides a comprehensive suite of innovative marketing intelligence tools. Our powerful software-as-a-service (SaaS) is an enterprise solution that has been an industry standard for advertisers, agencies, networks and publishers to analyze and measurably improve digital marketing spend.

 

Business Highlights for 2017

 

Launched Journey, the Company’s New Cloud-based Enterprise Software Platform: Late in Q3 2017, the Company launched Journey, a new cloud-based platform solution targeting large advertisers, publishers and brands, that collects and analyzes customer journey data using multi-touch attribution for marketing campaign optimization. The Company began ramping up its marketing efforts for this dynamic new product beginning in Q4 2017 and has already begun adding new customers to the Journey platform, including the addition of a leading global media company in January 2018. Accelerize sees its growing sales pipeline for Journey translating into a significant high margin revenue stream that will progressively grow throughout 2018.

Completed a $15 MM three year hosting service extension in Q2 2017 to fuel future growth: In July 2017, the Company arranged a three-year $15 MM hosting service extension with its primary hosting partner to support anticipated future growth.

Secured $7MM Credit Facility to support future growth: The Company secured a $7MM credit facility with Beedie Investments Limited in January 2018. The new facility provides Accelerize with significant financial resources to fuel the expansion of its Journey platform.

Net Loss Narrowed by 37% and Company Achieved Positive Adjusted EBITDA: Full Year 2017 net loss decreased by 37% to ($2.4MM) as the Company achieved positive Adjusted EBITDA of $371K, compared to a net loss of ($3.9MM) and an Adjusted EBITDA loss of ($394K) in 2016.

Continued Year-over-Year Growth of Recurring License Fees, Average Revenue per Customer and Total Number of Customers: 2017 software license fee revenues increased 6.4% year-over-year to $19.5MM and comprised 81% of total revenue compared to 77% in 2016. Total number of customers increased by 6% 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.

Continued International Expansion: The Company achieved significant global diversification in 2017 with 43% of overall revenue derived outside the U.S., up from 38% in 2016. The Company provides CAKE platform services for customers in more than 40 countries worldwide.

 

 

The following information was filed by Accelerize Inc. (ACLZ) on Thursday, March 22, 2018 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 4 - Deferred Revenues
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Deficit
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Note 1 - Organization And Description Of Business
Note 1 - Organization And Description Of Business (details Textual)
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 And Other Assets
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 - Additional Information Stock Options (details)
Note 6 - Stockholders' Equity - Assumptions Used To Determine Fair Value Of Stock Options Granted (details)
Note 6 - Stockholders' Equity - Assumptions Used To Determine Fair Value Of Warrants Granted (details)
Note 6 - Stockholders' Equity - Stock Option Activity (details)
Note 6 - Stockholders' Equity - Warrant Activity (details)
Note 7 - Income Taxes
Note 7 - Income Taxes (details Textual)
Note 7 - Income Taxes (tables)
Note 7 - Income Taxes - Components Of The Deferred Tax Assets And Liabilities (details)
Note 7 - Income Taxes - Reconciliation Of The Company's Effective Tax Rate To The Statutory Federal Rate (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)
Note 9 - Commitments And Contingencies (tables)
Note 9 - Commitments And Contingencies - Commitments Under Employment Agreements Over The Next Year (details)
Note 9 - Commitments And Contingencies - Future Annual Minimum Payments Required Under Operating Lease Obligations (details)
Significant Accounting Policies (policies)
Ticker: ACLZ
CIK: 1352952
Form Type: 10-K Annual Report
Accession Number: 0001437749-18-005587
Submitted to the SEC: Tue Mar 27 2018 4:17:03 PM EST
Accepted by the SEC: Tue Mar 27 2018
Period: Sunday, December 31, 2017
Industry: Business Services

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