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System1, Inc. (symbol: SST) is a leading technology company that specializes in developing a proprietary, end-to-end responsive acquisition marketing platform. This platform leverages advanced technology and data science to optimize and deliver targeted marketing solutions. The core business areas include health and wellness, automotive, finance, travel, and entertainment.
System1's operations are divided into two main segments: Owned and Operated Advertising (O&O) and Partner Network. The O&O segment, which is the company's primary revenue generator, focuses on directly managing and monetizing its own digital properties. Meanwhile, the Partner Network segment collaborates with external publishers to expand reach and optimize ad performance.
Recent achievements include the enhancement of their marketing platform to increase efficiency and effectiveness, allowing for more precise targeting and higher conversion rates. System1 continues to work on innovative projects designed to enhance customer acquisition strategies for their diverse client base.
Financially, System1 is committed to maintaining robust growth, driven by continuous improvements in their technology and operational efficiencies. The company has also formed strategic partnerships to strengthen its market position and expand its service offerings.
System1's products and services are widely recognized for their efficacy in driving high-quality leads and maximizing returns on marketing investments. Their comprehensive approach ensures that clients can achieve their marketing goals through precise and responsive acquisition strategies.
For investors and stakeholders, System1 offers a promising investment opportunity with its blend of cutting-edge technology, strategic partnerships, and strong focus on driving value through advanced marketing solutions.
System1 (NYSE: SST) has announced its participation in three upcoming investor conferences in December 2024. The company will attend the UBS Global Technology and AI Conference in Scottsdale (Dec 2-5), the Raymond James TMT and Consumer Conference in New York (Dec 9-11), and The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference in New York (Dec 11).
CFO Tridivesh Kidambi will be available for one-on-one meetings at all events and will participate in a panel discussion on digital advertising debates at the Raymond James conference on December 9 at 10:00 AM ET.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, announced its financial results for Q3 2024. Key metrics were at or above the high end of guidance. Revenue increased by 1% year-over-year to $88.8 million. GAAP Gross Profit remained flat at $24.8 million, while Adjusted Gross Profit rose 1% to $37.6 million. However, GAAP Net Loss increased by $4.7 million to $30.6 million. Adjusted EBITDA saw a significant rise of 27%, reaching $10.3 million.
Highlights include a 100%+ increase in organic sessions for CouponFollow.com, over 200,000 downloads for Startpage's new Private Browser app, and a new multi-year deal for MapQuest with HERE, improving user experience and cost savings.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, has scheduled its Q3 2024 financial results release for Thursday, November 7, 2024, after market close. The company will hold a conference call at 5:00 PM ET on the same day to discuss the results. Investors can access the live webcast and replay through System1's Investor Relations website at ir.system1.com.
MapQuest, the original internet mapping solution, has launched Private Maps by MapQuest, the first app from a leading mapping brand designed to protect users' privacy. Available for download on Android devices, the app offers:
- Anonymous Mode: Search history stays on the device and clears automatically
- Private Favorites: Go-to places saved only on the device
- Anonymous Analytics: Only anonymous data used to improve the app
The app was developed in collaboration with Startpage, the world's most private search engine, and incorporates high-quality map content from HERE Technologies. MapQuest, now owned by System1, has undergone significant tech improvements, offering faster and more intuitive navigation.
System1 (NYSE: SST) announced its second quarter 2024 financial results, surpassing the high-end of its guidance. Revenue increased by $9.7 million to $94.6 million, while gross profit rose 40% to $26.1 million. Adjusted gross profit saw a 24% increase, reaching $38.8 million. However, GAAP net loss grew by 152% to $34.8 million. Adjusted EBITDA improved by $9.5 million to $9.9 million.
The company renewed a key monetization partnership with Google. CouponFollow.com showed a 36% year-over-year increase in organic traffic, and Startpage's new Private Browser app surpassed 50,000 downloads. MapQuest reported a 10% increase in organic visits.
For the third quarter of 2024, System1 expects revenue between $86 million and $88 million, gross profit between $23 million and $25 million, and adjusted EBITDA between $8 million and $10 million.
System1 (NYSE: SST), an omnichannel customer acquisition marketing platform, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after the U.S. stock market closes. The company's management team will host a conference call at 5:00 PM ET on the same day to discuss the results. Investors and interested parties can access the live webcast and replay of the conference call through System1's Investor Relations website at ir.system1.com. This announcement provides shareholders and analysts with a specific date to anticipate the company's latest financial performance update.
System1, Inc. (NYSE: SST) announced its first quarter 2024 financial results, surpassing the high end of guidance ranges for revenue, adjusted gross profit, and adjusted EBITDA. Despite revenue decreasing by $11.2 million to $84.9 million, the company saw a 25% decrease in gross profit to $18.6 million. GAAP net loss decreased by 46% to $14 million. Adjusted EBITDA dropped by $9.6 million to $0.4 million. The company provided second quarter guidance of $88-90 million revenue and $5-7 million adjusted EBITDA.
System1, Inc. (NYSE: SST) will participate in the 19th Annual Needham Technology, Media, & Consumer Conference on May 14-16, 2024, both in-person in New York, NY and virtually. Management will present at 3:45 PM ET on May 16, 2024, and will be available for one-on-one meetings.
System1, Inc. (NYSE: SST) will report financial results for the first quarter of 2024 on May 9, 2024. The Company, an omnichannel customer acquisition marketing platform, will host a conference call to discuss the results.
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