Post by icemandios on May 5, 2016 13:20:16 GMT
IDI Announces 2016 First Quarter Financial and Operating Results
Data and analytics company drives innovation, executing on growth in all segments and providing customers with market leading products
Business Highlights
Consolidated revenue increased to $39.4 million for the first quarter 2016 from $1.3 million for the first quarter 2015
Information Services and Performance Marketing segments contributed $11.0 million and $28.4 million in revenue, respectively
Achieved adjusted EBITDA of $2.4 million and positive cash flow from operating activities
Significant advancement of next-generation data analytics platform, idiCORE™
Continued new customer acquisition in anticipation of idiCORE release
Strategic partnership between Fluent and LiveRamp, an Acxiom company, to enable real-time custom audience creation and targeting
Rapid adoption of Fluent’s mobile app install product offering
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today reported revenue of $39.4 million and adjusted EBITDA of $2.4 million for the first quarter ended March 31, 2016.
“Following a transformational year in 2015, the first quarter demonstrated that we executed extremely well on all fronts,” commented Derek Dubner, CEO of IDI. “Both our Information Services and Performance Marketing segments saw robust growth, providing great momentum for full year 2016. We are pleased with the evolution of our data analytics platform, vertical penetration and customer acquisition, culminating with the commercial launch of our leading-edge, investigative solution, idiCORE, which occurred in April 2016. With this commercial launch, and the continued success of Fluent, we believe we are well positioned for the rest of the year to drive growth and strong earnings.”
Fluent CEO, Ryan Schulke, stated, “After a breakout 2015 of increased client demand for Fluent’s people-based marketing products, we are excited to be expanding our offerings to new verticals and formats. Our advertising partners span across all consumer-facing verticals, and Fluent’s customer acquisition platform and capabilities are enabling a differentiated foundation by which we can deliver highly-valuable, data-driven marketing services at scale.”
Financial Highlights
Total revenue was $39.4 million, with our Information Services and Performance Marketing segments contributing $11.0 million and $28.4 million, respectively, for the first quarter 2016, compared to $1.3 million, with our Information Services and Performance Marketing segments contributing $1.3 million and $0, respectively, for the first quarter 2015. Net cash provided by operating activities was $0.5 million for the first quarter 2016, compared to net cash used in operating activities of $1.9 million for the first quarter 2015. Adjusted EBITDA was $2.4 million for the first quarter 2016, compared to negative $0.8 million for the first quarter 2015. Cash and cash equivalents was $10.1 million as of March 31, 2016.
The Company reported a net loss of $6.8 million, a result of $7.4 million in non-cash share-based payments, partially offset by a $3.5 million income tax benefit for the first quarter 2016.
About IDI, Inc.
At IDI, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most – running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers. At IDI, we are dedicated to making the world a safer place, to reducing the cost of doing business, and to enhancing the consumer experience.
Data and analytics company drives innovation, executing on growth in all segments and providing customers with market leading products
Business Highlights
Consolidated revenue increased to $39.4 million for the first quarter 2016 from $1.3 million for the first quarter 2015
Information Services and Performance Marketing segments contributed $11.0 million and $28.4 million in revenue, respectively
Achieved adjusted EBITDA of $2.4 million and positive cash flow from operating activities
Significant advancement of next-generation data analytics platform, idiCORE™
Continued new customer acquisition in anticipation of idiCORE release
Strategic partnership between Fluent and LiveRamp, an Acxiom company, to enable real-time custom audience creation and targeting
Rapid adoption of Fluent’s mobile app install product offering
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today reported revenue of $39.4 million and adjusted EBITDA of $2.4 million for the first quarter ended March 31, 2016.
“Following a transformational year in 2015, the first quarter demonstrated that we executed extremely well on all fronts,” commented Derek Dubner, CEO of IDI. “Both our Information Services and Performance Marketing segments saw robust growth, providing great momentum for full year 2016. We are pleased with the evolution of our data analytics platform, vertical penetration and customer acquisition, culminating with the commercial launch of our leading-edge, investigative solution, idiCORE, which occurred in April 2016. With this commercial launch, and the continued success of Fluent, we believe we are well positioned for the rest of the year to drive growth and strong earnings.”
Fluent CEO, Ryan Schulke, stated, “After a breakout 2015 of increased client demand for Fluent’s people-based marketing products, we are excited to be expanding our offerings to new verticals and formats. Our advertising partners span across all consumer-facing verticals, and Fluent’s customer acquisition platform and capabilities are enabling a differentiated foundation by which we can deliver highly-valuable, data-driven marketing services at scale.”
Financial Highlights
Total revenue was $39.4 million, with our Information Services and Performance Marketing segments contributing $11.0 million and $28.4 million, respectively, for the first quarter 2016, compared to $1.3 million, with our Information Services and Performance Marketing segments contributing $1.3 million and $0, respectively, for the first quarter 2015. Net cash provided by operating activities was $0.5 million for the first quarter 2016, compared to net cash used in operating activities of $1.9 million for the first quarter 2015. Adjusted EBITDA was $2.4 million for the first quarter 2016, compared to negative $0.8 million for the first quarter 2015. Cash and cash equivalents was $10.1 million as of March 31, 2016.
The Company reported a net loss of $6.8 million, a result of $7.4 million in non-cash share-based payments, partially offset by a $3.5 million income tax benefit for the first quarter 2016.
About IDI, Inc.
At IDI, we believe that time is your most valuable asset. Through powerful analytics, we transform data into intelligence, in a fast and efficient manner, so that our clients can spend their time on what matters most – running their organizations with confidence. Through leading-edge, proprietary technology and a massive data repository, our data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. We empower clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers. At IDI, we are dedicated to making the world a safer place, to reducing the cost of doing business, and to enhancing the consumer experience.