Kubient Inc - KBNTW STOCK NEWS

Kubient, a digital advertising platform, reported its financial results for the fourth quarter and full year ended December 31, 2022. Net revenues for 2022 were approximately $2.4 million, down from $2.7 million in 2021, mainly due to a decline in revenue from a major customer. Technology expenses rose to $3.2 million while general and administrative expenses increased to $6.6 million. The company reported a GAAP net loss of approximately $13.6 million, or $(0.95) per share, compared to a net loss of $10.3 million in 2021. As of December 31, 2022, Kubient held a cash balance of $14.7 million.

Kubient, a cloud-based digital advertising platform, announced a conference call scheduled for March 29, 2023, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. A press release detailing the financial results will precede the call. The management team will present and answer questions from participants. The call can also be accessed live and via replay afterward.

This call serves as a significant opportunity for investors to gain insights into Kubient's financial performance and future outlook.

Kubient announced the release of KAI 2.0, an upgrade to its AI-powered fraud protection platform. This update features enhanced real-time AI capabilities with 25 algorithms operating in under 10 milliseconds, support for IPv6, and extensive supply path optimization. The update aims to equip advertisers and publishers with better tools to combat digital fraud. With a patent for KAI granted in December 2022, Kubient is positioned as an innovator in ad technology. The company emphasizes its commitment to a cleaner, more transparent digital media ecosystem with this release.

Kubient (NasdaqCM: KBNT, KBNTW) announced a significant milestone with the approval of a patent from the USPTO for its proprietary ad fraud prevention technology, Kubient Artificial Intelligence (KAI). This patent grants intellectual property protection until 2040, positioning Kubient as a leader in combating fraudulent ad traffic. KAI utilizes machine learning during the bidding process to identify and eliminate fraud in real time, enhancing the digital advertising ecosystem. The company's ongoing investment in KAI's capabilities aims to create a robust framework for advertisers and publishers.

Kubient reported its Q3 2022 financial results, revealing net revenues of approximately $482,000, down from $677,000 YoY, primarily due to reduced revenue from a major customer. Technology and administrative expenses decreased significantly, resulting in a GAAP net loss of $1.7 million, improved from a $2.3 million loss in Q3 2021. Adjusted EBITDA loss was approximately $1.5 million. The company's cash balance stood at $16.9 million. Notable developments included the launch of the KAI Dashboard and a renewed partnership with a major client.

Kubient (NasdaqCM: KBNT, KBNTW) announced a conference call scheduled for November 14, 2022 at 4:30 p.m. ET to discuss its Q3 2022 financial results. The call will follow a press release detailing the financial outcomes. Participants can access the call via U.S. dial-in at 1-877-545-0320 or international at 1-973-528-0002, with an access code of 229023. A replay will be available post-call until November 24, 2022. Kubient focuses on transforming digital advertising through its cloud-based platform.

Kubient (NasdaqCM: KBNT, KBNTW) launched the KAI Dashboard, a platform aimed at enhancing digital advertising efficiency. This tool helps publishers identify and address inventory issues, enhancing monetization by over 20%. It provides insights into 38 fraud categories and RTB technical issues that hinder sales. The KAI Dashboard also allows users to block problematic inventory proactively, improving revenue potential and brand integrity. Additionally, Kubient’s new patent-pending KAI solution aims to revolutionize inventory management for media publishers.