Post by icemandios on Mar 14, 2016 13:14:22 GMT
IDI Announces 2015 Financial and Operating Results
Data and analytics company completes transformational year, accomplishing significant milestones in its business strategy
Business Highlights
Acquired Fluent, Inc., on December 8, 2015, a leader in people-based, digital marketing and customer acquisition, serving over 500 leading consumer brands and direct marketers
Fluent revenue grew from $68 million in 2014 to $144 million in 2015 with strong earnings
Ended 2015 with $13.5 million in cash and cash equivalents
Over 2,000% increase of new customer acquisition in anticipation of idiCORE™ release
Released BETA version of next-generation data analytics platform, idiCORE
Established key data relationships acquiring billions of records
Launched risk management solutions idiBASIC™ and idiVERIFIED™
Discontinued legacy business and refocused all operational resources on data and analytics business
Completed staffing of Seattle technology team led by industry veteran Ole Poulsen
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today reported revenue of $10.8 million for the three months ended December 31, 2015, and $14.1 million for the full year. The 2015 period includes $10.1 million in revenue from Fluent for the period of December 9, 2015, to year end.
“Following management’s formation of the data fusion business, initial capital raise and acquisition of Interactive Data, LLC in late 2014, 2015 proved to be a transformational year for IDI,” commented Derek Dubner, CEO of IDI. “In a year that was strategically focused on investment and development, we have laid the groundwork for a very successful business, while still ending the period with strong cash flow. Our acquisition of Fluent executed our plan to expand into the consumer marketing industry and provided key synergies. We see the momentum continuing for strong growth in 2016 and anticipate north of $170 million in revenue with continued strong earnings.”
IDI Vice Chairman Dr. Philip Frost stated, “We entered 2016 with great enthusiasm, in the enviable position of leveraging world-class, proprietary technology and a proven management team to compete in a rapidly growing market. I believe IDI is building a truly differentiated company in the field of data and analytics.”
Financial Highlights
Total revenue was $10.8 million for the three months ended December 31, 2015, and $14.1 million for the full year. The 2015 period includes $10.1 million in revenue from Fluent for the period of December 9, 2015, to year end. Cash and cash equivalents was $13.5 million as of December 31, 2015.
The Company reported a net loss of $32.6 million, a result of $45.0 million in non-cash share-related expenses (which includes a one-time expense of $39.7 million) offset by a $16.7 million income tax benefit, for the three months ending December 31, 2015. Net loss from continuing operations was $42.6 million, a result of $48.5 million in non-cash share-related expenses (which includes a one-time expense of $39.7 million) offset by a $16.6 million income tax benefit and net loss from discontinued operations was $42.0 million (which includes a $41.1 million non-cash disposal of discontinued operations) for the year ended December 31, 2015.
IDI also announced the appointment of Derek Dubner as Chief Executive Officer, and that Peter Tan, former Co-CEO, is no longer employed by IDI.
Presentation
Data and analytics company completes transformational year, accomplishing significant milestones in its business strategy
Business Highlights
Acquired Fluent, Inc., on December 8, 2015, a leader in people-based, digital marketing and customer acquisition, serving over 500 leading consumer brands and direct marketers
Fluent revenue grew from $68 million in 2014 to $144 million in 2015 with strong earnings
Ended 2015 with $13.5 million in cash and cash equivalents
Over 2,000% increase of new customer acquisition in anticipation of idiCORE™ release
Released BETA version of next-generation data analytics platform, idiCORE
Established key data relationships acquiring billions of records
Launched risk management solutions idiBASIC™ and idiVERIFIED™
Discontinued legacy business and refocused all operational resources on data and analytics business
Completed staffing of Seattle technology team led by industry veteran Ole Poulsen
IDI, Inc. (NYSE MKT: IDI), a data and analytics company, today reported revenue of $10.8 million for the three months ended December 31, 2015, and $14.1 million for the full year. The 2015 period includes $10.1 million in revenue from Fluent for the period of December 9, 2015, to year end.
“Following management’s formation of the data fusion business, initial capital raise and acquisition of Interactive Data, LLC in late 2014, 2015 proved to be a transformational year for IDI,” commented Derek Dubner, CEO of IDI. “In a year that was strategically focused on investment and development, we have laid the groundwork for a very successful business, while still ending the period with strong cash flow. Our acquisition of Fluent executed our plan to expand into the consumer marketing industry and provided key synergies. We see the momentum continuing for strong growth in 2016 and anticipate north of $170 million in revenue with continued strong earnings.”
IDI Vice Chairman Dr. Philip Frost stated, “We entered 2016 with great enthusiasm, in the enviable position of leveraging world-class, proprietary technology and a proven management team to compete in a rapidly growing market. I believe IDI is building a truly differentiated company in the field of data and analytics.”
Financial Highlights
Total revenue was $10.8 million for the three months ended December 31, 2015, and $14.1 million for the full year. The 2015 period includes $10.1 million in revenue from Fluent for the period of December 9, 2015, to year end. Cash and cash equivalents was $13.5 million as of December 31, 2015.
The Company reported a net loss of $32.6 million, a result of $45.0 million in non-cash share-related expenses (which includes a one-time expense of $39.7 million) offset by a $16.7 million income tax benefit, for the three months ending December 31, 2015. Net loss from continuing operations was $42.6 million, a result of $48.5 million in non-cash share-related expenses (which includes a one-time expense of $39.7 million) offset by a $16.6 million income tax benefit and net loss from discontinued operations was $42.0 million (which includes a $41.1 million non-cash disposal of discontinued operations) for the year ended December 31, 2015.
IDI also announced the appointment of Derek Dubner as Chief Executive Officer, and that Peter Tan, former Co-CEO, is no longer employed by IDI.
Presentation