ATY - ATY STOCK NEWS

AcuityAds Holdings Inc. (TSX:AT, Nasdaq: ATY) announced that it has successfully recovered all cash deposits previously held with Silicon Valley Bank. These funds are now securely deposited at a Canadian Schedule I bank. CEO Tal Hayek expressed gratitude for the team’s efforts in maintaining operational continuity during this period. The company highlighted its strong fourth quarter 2022 results and is now focusing on business growth and market share expansion. AcuityAds offers targeted digital media solutions through its illumin™ platform, enabling marketers to make informed decisions regarding consumer engagement.

AcuityAds Holdings Inc. (Nasdaq: ATY) announced an update regarding its cash deposits with Silicon Valley Bank, stating it has approximately US$55 million on deposit. Following a joint statement from the U.S. Treasury, Federal Reserve, and FDIC, depositors will have full access to their funds from March 13, 2023. The company has taken steps to ensure its operations remain unaffected by this event, relying on its other banking relationships. AcuityAds aims to continue regular operations without financial loss.

AcuityAds Holdings (TSX:AT, Nasdaq:ATY) announced a halt in trading of its securities on March 10, 2023, following the insolvency of Silicon Valley Bank (SVB), where it holds US$55 million in deposits. The California Department of Financial Protection and Innovation has taken possession of SVB, appointing the FDIC as receiver. Insured depositors will have access to their funds by March 13, 2023, while uninsured depositors will receive a dividend soon. AcuityAds also holds C$6.7 million in other bank accounts to support operations. Updates regarding the advance dividend for uninsured deposits are expected next week.

AcuityAds Holdings Inc. (TSX:AT) (NASDAQ:ATY) reported record total revenue of $40 million for Q4 2022, marking a 121% year-over-year increase and a 70% quarter-over-quarter rise. The illumin platform contributed $22.5 million to total revenue, representing 56% of the total. However, the company experienced a net loss of $(0.81 million) compared to net income of $2.6 million in Q4 2021. Full-year revenue remained stable at $121 million, while adjusted EBITDA fell to $5.8 million from $20.3 million the previous year. Strategic investments in sales and marketing were noted, with cash and equivalents at $85.9 million.

AcuityAds Holdings Inc. (TSX:AT, Nasdaq:ATY) announced it will report its fourth quarter and full year 2022 financial results on March 9, 2023, before market open. A live video webcast will follow the announcement at 8:30 am Eastern Time, hosted by CEO Tal Hayek and CFO Elliot Muchnik. Investors can register for the conference call at the company's investor relations page. AcuityAds specializes in Journey Advertising technology, utilizing its illumin™ platform for media planning and real-time intelligence, serving clients with data-driven solutions.

AcuityAds Holdings (TSX:AT, Nasdaq:ATY) announced that Co-Founder and CEO Tal Hayek will participate in a fireside chat and conduct in-person investor meetings at the 25th Annual Needham Growth Conference on January 11, 2023. This event, occurring from January 10-12, aims to connect institutional, private equity, and venture capital investors with growth companies across various sectors, including technology and healthcare. For more details or to schedule a meeting, investors may contact KCSA Strategic Communications.

AcuityAds Holdings announced its participation in two significant November 2022 conferences in Toronto. The TD Securities Technology Conference will feature CEO Tal Hayek and CFO Elliot Muchnik on November 22, showcasing innovative tech companies. Following this, Seraj Bharwani and Muchnik will engage in a fireside chat at the Canaccord Genuity Defensive Technology Conference on November 30, focusing on resilient tech solutions.

AcuityAds, known for its journey advertising technology, empowers marketers to enhance their online consumer engagement.

AcuityAds Holdings Inc. (TSX:ATY) reported third-quarter 2022 revenues of $29.0 million, reflecting a year-over-year increase of 5.5% and a 2.5% sequential rise. Illumin revenue surged 78.4% year-over-year, accounting for 46% of total revenue. Gross margins for the quarter were 51.4% and net income was $2.8 million, down from $3.4 million in Q3 2021. Adjusted EBITDA decreased to $1.6 million from $4.4 million in the prior year, attributed to increased investments in R&D and marketing. Cash and equivalents totaled $88.2 million as of September 30, 2022.

AcuityAds Holdings Inc. (TSX:AT, Nasdaq: ATY) will report its third quarter 2022 financial results on November 10, 2022, before the market opens. A live video webcast will be held at 8:30 AM Eastern Time, featuring CEO Tal Hayek and CFO Elliot Muchnik. The webcast will include a Q&A session. AcuityAds specializes in digital media solutions, leveraging its illumin™ platform for omnichannel advertising. The company emphasizes privacy and brand safety while aiming to achieve superior return on advertising spend for marketers.