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Stock impact report

Collective Audience to Report Record Pro Forma Revenue for Q3 2024; Provides 2025 Growth Outlook [Yahoo! Finance]

COLLECTIVE AUDIENCE INC (CAUD) 
Company Research Source: Yahoo! Finance
NEW CITY, NY / ACCESSWIRE / November 18, 2024 / Collective Audience, Inc. (OTCQB:CAUD), a leading innovator of audience-based performance advertising and media for the open web, expects to report record revenue of a pro forma basis for the third quarter ended September 30, 2024. The growth is being driven primarily by the contribution of two transformative acquisitions, DSL Digital and BeOp, and their accelerating growth post-acquisition. The company expects to report third quarter 2024 pro forma revenue of approximately $1.8 million, up 65% from the previous quarter. Adjusted EBITDA for the third quarter is expected to total a loss of approximately $92,000, representing an 88% improvement from the previous quarter. The company anticipates further gains in revenue and adjusted EBITDA performance in the current fourth quarter. These preliminary results are in line with the company's previously stated outlook of $7.5 million in revenue and positive adjusted EBITDA on a pro forma Show less Read more
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