ILLUMIN HOLDINGS INC - ILLMF STOCK NEWS

illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF), a Journey Advertising technology company, announced its participation in two upcoming investor conferences. Simon Cairns, CEO, and Elliot Muchnik, CFO, will represent the company at these events:

1. Wedbush Securities AdTech Conference on October 10th, featuring a virtual fireside chat at 12:15 pm ET and investor meetings.

2. TD Securities Technology Conference in Toronto from November 25-26th, including investor meetings on November 26th.

illumin's platform uses advanced machine learning and real-time data analytics to help marketers reach consumers throughout their journey. The company serves clients across North America, Latin America, and Europe from its Toronto headquarters.

Illumin announced its Q2 2024 results with a total revenue of $29.2 million, down from $33.2 million in Q2 2023.

However, illumin self-serve revenue surged by 61% YoY to $8.8 million, representing 30% of total revenue.

Gross margin was consistent at 48%, and adjusted EBITDA improved by 11% YoY to $0.5 million. Net revenue for Q2 2024 was $14.0 million, compared to $15.9 million in Q2 2023.

Notably, the net loss for Q2 2024 narrowed to $1.0 million from a loss of $5.6 million in Q2 2023, attributed to lower operating costs and a net foreign exchange gain. The company also onboarded 33 new self-serve clients, canceled 2.49 million shares under an NCIB, and upgraded its trading to the OTCQB Venture Market.

illumin Holdings Inc. (TSX: ILLM) (OTCQB: ILLMF), a journey advertising technology company, has announced two key additions to its leadership team, effective August 2024. Liz Ritzcovan joins as Chief Revenue Officer (CRO), responsible for global sales, account management, and customer support. She brings extensive experience from roles at Hustle, Namagoo, Foursquare, and other leading advertising and marketing companies. Bridget Westerholz joins as Senior Vice President of Marketing (SVP), leveraging her experience in agencies and brands to lead global marketing efforts. Previously, she held leadership positions at SPUD and Happy Planet Foods, as well as advertising agencies like FUSE Create and DDB Canada.

CEO Simon Cairns expressed enthusiasm about the new hires, emphasizing their potential to drive focus on supporting agency and brand customers. Both new executives expressed excitement about joining illumin and contributing to its growth and market transformation.

illumin Holdings announced it will release its second quarter 2024 financial results on August 8, 2024, before market open. The company will also host a live webcast at 8:30 am ET to discuss the results, led by CEO Simon Cairns and CFO Elliot Muchnik, followed by a Q&A session. The webcast can be accessed through the company's website, where a recording will also be available afterward.

illumin is a journey advertising platform that uses advanced machine learning and real-time analytics to help marketers connect with consumers. Headquartered in Toronto, the company operates across North America, Latin America, and Europe.

Illumin (TSX:ILLM, OTCQB:ILLMF), a journey advertising technology company, announced the results of their annual shareholders meeting held on June 12, 2024. All director nominees were elected, including Sheldon Pollack with 98.967% votes 'For' and Tal Hayek with 98.884% votes 'For'. Other notable elections included Roger Dent with 67.253% votes 'For' and Yishay Waxman with 89.179% votes 'For'. Additionally, the re-appointment of auditors was approved with 98.835% votes 'For'. Illumin specializes in using machine learning algorithms and real-time data analytics to enhance consumer engagement for marketers. Headquartered in Toronto, the company serves clients across North America, Latin America, and Europe.

illumin Holdings has announced the upgrade of its common shares trading from the OTC Pink Open Market to the OTCQB Venture Market under the ticker symbol ‘ILLMF’ effective June 7, 2024. This move aims to provide better accessibility, liquidity, and transparency for U.S. investors. The company's shares will continue to be traded on the Toronto Stock Exchange under the symbol ‘ILLM.’ illumin leverages advanced machine learning algorithms and real-time data analytics to enable marketers to reach consumers effectively. The company, headquartered in Toronto, serves clients across North America, Latin America, and Europe.

illumin Holdings Inc. (TSX: ILLM) reported its first quarter 2024 financial results, with total revenue of $25.0 million. Self-service revenue saw a substantial 282% growth year-over-year, driven by new customer relationships and increased platform utilization. The company onboarded 23 net new self-serve clients during the quarter. Gross margin remained steady at 47%, with adjusted EBITDA improving to $0.01 million from a loss of $0.8 million in Q1 2023. Net loss decreased to $1.1 million from $3.6 million in the previous year, attributed to lower operating costs and a favorable foreign exchange gain due to a strengthened US dollar. illumin initiated a new Normal Course Issuer Bid to purchase and cancel common shares, reflecting a commitment to returning value to shareholders.