TORONTO, May 29, 2019 /CNW/ - AcuityAds Holdings Inc.
("AcuityAds" or the "Company") (TSXV:AT), advises that, following
the release yesterday morning of its financial results for the
quarter ended March 31, 2019, a major
third party financial data services company provided incorrect
information to its clients regarding AcuityAds' revenue for the
period, which was incorrectly reported as $1.016M of revenue. Acuity's actual reported
revenue for Q1 2019 was $27.92M, a
growth of 247% over Q1 2018. This party has since corrected the
information it makes available to its clients and has apologized to
the Company for any inconvenience its error may have
caused.
About AcuityAds:
AcuityAds is a leading technology company that provides
marketers a powerful and holistic solution for digital advertising
across all ad formats and screens to amplify reach and Share of
Attention® throughout the customer journey. Via its unique,
data-driven insights, real-time analytics and industry-leading
activation platform based on proprietary Artificial Intelligence
technology, AcuityAds leverages an integrated ecosystem of partners
for data, inventory, brand safety and fraud prevention, offering
unparalleled, trusted solutions that the most demanding marketers
require to be successful in the digital era.
AcuityAds is headquartered in Toronto with offices throughout the U.S.,
Europe and Latin America. For more information, visit
AcuityAds.com.
Disclaimer in regards to Forward-looking Statements:
Certain statements included herein constitute "forward‐looking
statements" within the meaning of applicable securities laws.
Forward‐looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Investors are cautioned not to put undue reliance on
forward‐looking statements. Except as required by law, the Company
does not intend, and undertakes no obligation, to update any
forward‐looking statements to reflect, in particular, new
information or future events.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AcuityAds Inc.
