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Accelerize Inc. (ACLZ) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Accelerize Inc.

CIK: 1352952 Ticker: ACLZ

Exhibit 99.1

 

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

 

Company continues to see strong momentum in sales bookings for its Journey platform

 

 

NEWPORT BEACH, Calif. – August 14, 2018 –

Accelerize (OTCQB: ACLZ), a leader in marketing technology solutions, today announced financial results for the second quarter ended June 30, 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) platform 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 Q2 2018

 

Journey platform gains momentum as sales and bookings increase: The Company’s roll-out of Journey continues to gain momentum with sequential increases in revenue, sales bookings and sales pipeline growth. New customer wins in the quarter included a leading global financial services provider. Journey is the Company’s flagship 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 the growing sales pipeline for Journey translating into a significant high margin revenue stream that will progressively grow throughout 2018.

Continued progress in the International marketing launch of JourneyThe Company launched its international marketing efforts for the Journey platform in Q1 2018 leading to growth in both Journey related revenue and sales bookings in Q2. With its international sales pipeline growth continuing to accelerate, the Company sees significant market potential for Journey outside the US.

Completed General Data Protection Regulation (GDPR) compliance readiness strategy: The Company completed its GDPR compliance readiness strategy ahead of the deadline established in the new regulation designed to protect the data of all European Union citizens. The Company also secured its Type 1 SOC 2 certification to help define an information and security policy and procedure. While the GDPR has caused significant uncertainty in the EU marketplace that the Company believes resulted in a 25% reduction in EU revenue related to lower transaction volumes, it sees the demonstration of its ongoing resource commitment to regulatory compliance leading to a reacceleration of growth in the second half of 2018 as companies become more accustomed to operating within the regulatory guidelines.

 

 

The following information was filed by Accelerize Inc. (ACLZ) on Tuesday, August 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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  • Executive Team
  • Salaries, Bonuses, Perks
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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 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 (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 Loans
Note 5 - Credit Facility And Loans (Details Textual)
Note 5 - Credit Facility And Loans (Tables)
Note 5 - Credit Facility And Loans - Estimated Future Amortization Expense (Details)
Note 5 - Credit Facility And Loans - 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: 0001437749-18-015579
Submitted to the SEC: Tue Aug 14 2018 4:03:47 PM EST
Accepted by the SEC: Tue Aug 14 2018
Period: Saturday, June 30, 2018
Industry: Business Services

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