LIVERAMP ANNOUNCES RECORD THIRD QUARTER RESULTS

First $100 Million Revenue Quarter

GAAP Gross Margin Increases to 63% – Non-GAAP Gross Margin Surges to 69%

Operating Cash Flow Positive $16 Million


SAN FRANCISCO, Calif., February 5, 2020—LiveRamp® (NYSE: RAMP), the trusted platform that makes data accessible and meaningful, today announced its financial results for the third quarter ended December 31, 2019.

Financial Highlights:

Total revenue was $102 million, up 28% compared to the prior year period.

Subscription revenue was $82 million, up 25% and contributed 80% of total revenue.

Marketplace & Other revenue was $21 million, up 38%.

GAAP gross profit was $64 million, up 42% compared to the prior year period. GAAP gross margin of 63% expanded 6 percentage points. Non-GAAP gross profit was $71 million, up 38% compared to the prior year period. Non-GAAP gross margin of 69% expanded 5 percentage points.

GAAP operating loss was $41 million compared to a GAAP operating loss of $48 million in the prior year period. Non-GAAP operating loss was $6 million compared to a non-GAAP operating loss of $11 million in the prior year period.

GAAP loss per share from continuing operations was $0.56, and non-GAAP loss per share from continuing operations was $0.03.

Net cash provided by operating activities was $16 million compared to net cash used in operating activities of $11 million during the third quarter of fiscal 2019.

LiveRamp has repurchased 2.6 million shares for $121.2 million under the current stock repurchase program since March 31, 2019. Since August 2011, the Company has returned over $1 billion in capital to shareholders.

Cash and cash equivalents totaled $767 million with no debt at quarter end.

“LiveRamp has emerged as the safe and neutral choice for using data effectively,” said LiveRamp CEO Scott Howe. “Leading brands, agencies and publishers around the world are relying on us to provide the foundational infrastructure for navigating a complex ecosystem of evolving regulations and technologies. In addition, our Authenticated Traffic Solution continues to gain global acceptance as the ecosystem welcomes a simple and unbiased standard.”

“Our business model demonstrated its strong potential this quarter,” said LiveRamp President and CFO Warren Jenson. “We reported our first $100 million revenue quarter, our non-gaap gross margin expanded to 69%, and we were operating cash flow positive.”


P 1

The following information was filed by Cousins Properties Inc (CUZ) on Wednesday, February 5, 2020 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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