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Accelerize Inc. (ACLZ) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

SEC Filings

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

Exhibit 99.1

 

 

 

Accelerize Inc. Reports Financial Results FOR THE FIRST QUARTER OF 2018

 

First quarter revenue of $6 million; First quarter sales bookings for new Journey platform outpace traditional bookings

 

NEWPORT BEACH, Calif. – May 14, 2018 –

Accelerize (OTCQB: ACLZ), a leader in marketing technology solutions, today announced financial results for the first quarter ended March 31, 2018.

 

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 measurably analyze and improve digital marketing spend.

 

Business Highlights for Q1 2018

 

Quarter-over-Quarter Change in Average Revenue per Customer and Average number of Customers: Q1 2018 Revenues increased fractionally to $6.0 million while the total number of customers increased by 3% and average revenue per customer decreased by 3% year-over-year. Revenue remained broad-based with no single customer representing more than 5% of total revenue.

New Journey platform gains momentum as sales bookings increase: The Company’s launch of Journey continues to gain momentum with first quarter sales bookings already outpacing traditional bookings for its CAKE platform. Journey is 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. Accelerize sees its growing sales pipeline for Journey translating into a significant high margin revenue stream that will progressively grow throughout 2018. Sales bookings are an operational metric management believes useful but should not be considered in isolation or as a substitute for GAAP results and should be read in conjunction with the Company’s GAAP results.

Recent Journey customer wins include several high profile companiesDuring the quarter the Company announced the addition of one of the world’s largest international banks with assets over $1 trillion as a Journey customer, as well as a leading online retailing brand.

Commenced the international marketing launch of JourneyThe Company launched its international marketing efforts for the Journey platform during the quarter. International markets represented about 40% of Company-wide sales in 2017 and the Company sees significant market potential for Journey, especially in the European and Asian markets.

Embedded Domo in Journey Platform to further leverage customer journey data: The Company embedded the capabilities of Domo’s cloud-based platform to give marketers more ways to leverage customer journey data, capturing the best insights possible about how their multi-channel marketing campaigns are running, and helping them make decisions that improve performance.

 

 

The following information was filed by Accelerize Inc. (ACLZ) on Monday, May 14, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Accelerize Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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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, Description Of Business, And Basis Of Presentation
Note 1 - Organization, Description Of Business, And Basis Of Presentation (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 (details) (parentheticals)
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 - Credit Facility And Loan
Note 5 - Credit Facility And Loan (details Textual)
Note 5 - Credit Facility And Loan (tables)
Note 5 - Credit Facility And Loan - Estimated Future Amortization Expense (details)
Note 5 - Credit Facility And Loan - Line Of Credit And Loans (details)
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit (details Textual)
Note 6 - Stockholders' Deficit (tables)
Note 6 - Stockholders' Deficit - Additional Information 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)

Material Contracts, Statements, Certifications & more

Accelerize Inc. provided additional information to their SEC Filing as exhibits

Ticker: ACLZ
CIK: 1352952
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-18-009986
Submitted to the SEC: Tue May 15 2018 4:02:16 PM EST
Accepted by the SEC: Tue May 15 2018
Period: Saturday, March 31, 2018
Industry: Business Services

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