iClick Interactive Asia Group (NASDAQ: ICLK), an
independent online marketing and enterprise data solutions provider in China,
today announced unaudited financial results for the first quarter ended March
31, 2020. Among the highlights, the company reported record first quarter
revenues, gross profit, adjusted EBITDA and gross billing. In addition, iClick
reported its second consecutive quarter of positive adjusted net income. “We
are proud of achieving record results in gross billing, revenue, gross profit,
adjusted EBITDA and adjusted net income in this quarter compared to any other
first quarters in our company’s history despite facing massive challenges due
to the coronavirus pandemic,” Jian “T.J.” Tang, CEO and co-founder of iClick,
stated in the news release. “We reported revenue of US$49.0 million, an
increase of 25% year-over-year, while our gross billing grew to US$158.0
million, an increase of approximately 64% from the first quarter of 2019. With
the continued improvement in profitability and cost controls, we recorded gross
profit of US$13.3 million, adjusted EBITDA of US$2.4 million and adjusted net
income of US$0.6 million.”
To view the full press release, visit http://ibn.fm/FZvJu
About iClick Interactive Asia Group
iClick Interactive Asia Group Limited is an independent,
online marketing and enterprise-data-solutions provider that connects worldwide
marketers with audiences in China. Built on cutting-edge technologies, the
company’s proprietary platform possesses omni-channel marketing capabilities
and fulfills various marketing objectives in a data-driven and automated
manner, helping both international and domestic marketers reach their target
audiences in China. Headquartered in Hong Kong, iClick was established in 2009
and currently operates in 10 locations worldwide, including Asia and Europe.
For more information, visit the company’s website at www.i-Click.com.
NOTE TO INVESTORS: The latest news and updates
relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK
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