Artificial Intelligence

Taboola Meets Guidance for Q4 and FY2022; Guiding for Positive Free Cash Flow in 2023 and $100M+ in 2024 (partial Yahoo rollout)

Published

1 year ago

February 24, 2023

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2022 Revenues of $1,401.2M, Gross Profit of $464.3M, ex-TAC Gross Profit of $569.6M, Net Loss of $12.0M, and Adjusted EBITDA of $156.7M were all around mid-point of guidance while Non-GAAP Net Income of $91.4M exceeded our guidance.

Free Cash Flow in 2022 of $18.6M after paying publishers $15.3M in net prepayments** and $20.7M in cash interest payments.

2023 is assumed to be pre Yahoo rollout and 2024 will have partial Yahoo revenue contribution.

2023 guidance assumes an investment year to support Yahoo transition and growth initiatives – Revenues of $1,419M – $1,469M, Gross Profit of $416M – $436M, ex-TAC Gross Profit of $526M – $546M, Adjusted EBITDA of $60M – $80M and Non-GAAP Net Income (loss) of ($10M) – $10M. Positive Free Cash Flow.

2024 guidance assumes investments will pay off: at least $200M Adjusted EBITDA, at least $100M Free Cash Flow.

NEW YORK, Feb. 24, 2023 (GLOBE NEWSWIRE) — Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, helping people discover things they may like, today announced its results for the quarter and year ended December 31, 2022.

“While 2022 was a challenging year for advertising spend, our financial performance was solid. It was our second best year in adding new publisher partnerships – over 90% higher in new revenue per month than in previous years, including winning back some key publishers that previously left us. And of course, we signed a transformative 30-year partnership with Yahoo,” said Adam Singolda, CEO and Founder, Taboola.

“2023 will be a year of investment for us. It’s hard to accept declines this year; we will return to growth in the second half of 2023 and, while it’s very rare that management teams know what the future will look like, 2024 will be a step change in revenue with Yahoo ramping. In 2024, we expect to generate at least $200M in Adjusted EBITDA and $100M in Free Cash Flow, even though it will be a partial year of Yahoo. I’m also energized by the progress we are making on our top company priorities of performance advertising, eCommerce and header bidding – these will drive significant growth in 2024 and beyond. I believe in 2024, Taboola will become the largest open web advertising company in the world by revenue, with scale similar to Snap, Pinterest and Twitter,” continued Singolda.

For more commentary on the quarter, please refer to Taboola’s Q4 2022 Shareholder Letter, which was furnished to the SEC and also posted on Taboola’s website today at https://investors.taboola.com.

In addition, we are excited to invite you to Taboola’s Yahoo Information Session, where we will provide additional information on our recently closed 30-year commercial relationship with Yahoo. The event will take place on Wednesday, March 1st at 10:00 a.m. EST at Taboola’s U.S. Headquarters in New York. A webcast of the event, along with supporting materials, will be accessible live through the Investor Relations section of Taboola’s website at www.taboola.com/about/investors. As space for the event is limited, in-person attendance is by invitation only and advance registration is required. Current and prospective investors interested in attending are encouraged to contact Taboola Investor Relations at [email protected].

Fourth Quarter and Full Year 2022 Results Summary

(dollars in millions, except per share data)	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021	% change Q4 YoY	% change FY22 YoY
	Unaudited
Revenues	$	371.3	$	407.7	$	1,401.2	$	1,378.5	(8.9%)	1.6%
Gross profit	$	133.2	$	143.6	$	464.3	$	441.1	(7.3%)	5.3%
Net income (loss)	$	15.2	$	0.6	$	(12.0)	$	(24.9)	NM	(52.0%)
EPS diluted (1)	$	0.06	$	0.00	$	(0.05)	$	(0.26)	NM	(81.8%)
Ratio of net income (loss) to gross profit		11.4%		0.4%		(2.6%)		(5.7%)	—	—
Cash flow provided by operating activities	$	20.1	$	23.0	$	53.5	$	63.5	(12.7%)	(15.8%)
Cash, cash equivalents and short-term investments	$	262.8	$	319.3	$	262.8	$	319.3	(17.7%)	(17.7%)

Non-GAAP Financial Data *
ex-TAC Gross Profit	$	158.9	$	169.2	$	569.6	$	518.9	(6.1%)	9.8%
Adjusted EBITDA	$	63.5	$	65.4	$	156.7	$	179.5	(2.9%)	(12.7%)
Non-GAAP Net Income (2)	$	43.3	$	33.8	$	91.4	$	113.6	27.9%	(19.5%)
IPO Pro forma Non-GAAP EPS diluted (3)	$	0.164	$	0.124	$	0.352	$	0.453	32.1%	(22.3%)
Ratio of Adjusted EBITDA to ex-TAC Gross Profit		40.0%		38.6%		27.5%		34.6%	—	—
Free Cash Flow	$	13.6	$	12.7	$	18.6	$	24.5	7.5%	(24.1%)

_{¹The weighted-average shares used in the computation of the diluted EPS for the three months ended December 31, 2022 and 2021 are 263,160,470 and 271,857,016, respectively, and for the year ended December 31, 2022 and 2021 are 254,284,781 and 142,883,475, respectively.}

_{²Three months and year ended December 31, 2021 have been adjusted to include the impact of foreign currency exchange rates to be consistent with current period presentation.}

_{³See Appendix for a description and calculation of IPO Pro forma Non-GAAP EPS basic and diluted.}

Fourth Quarter and Full Year 2022 Financial Highlights

Q4 and FY 2022 results were around mid-point of guidance across all financial measures except Non-GAAP Net Income which exceeded our guidance.

(dollars in millions)	Q4 2022 Actuals	Q4 2022 Guidance	FY 2022 Actuals	FY 2022 Guidance
Revenues	$371.3	$358 – $374	$1,401.2	$1,388 – $1,404
Gross profit	$133.2	$127 – $139	$464.3	$458 – $470
ex-TAC Gross Profit*	$158.9	$153 – $165	$569.6	$564 – $576
Adjusted EBITDA*	$63.5	$59 – $67	$156.7	$152 – $160
Non-GAAP Net Income*	$43.3	$35 – $43	$91.4	$83 – $91

Business Highlights for 2022

In Q4 ‘22 versus the prior year, new digital property partners¹ increased by $34.6 million of Revenues and existing digital property partners² decreased by $71.0 million of Revenues.
New publisher partnerships revenue added per month was over 90% higher in 2022 than the average of 2020 and 2021 and the second highest rate on record.
New publisher partners signed included competitive wins such as Slate, Buzzfeed Japan, HuffPo Japan, Prisa, Grupo Godó, Network18, United Internet Media, Dumont and Kodansha as well as publisher partners that had previously left us, such as Slate, Kicker (Germany) and Ouest (France).
Signed key renewals with partners including CBSi, Tegna, Fox Sports, Grupo RBS, Der Standard, Milenio Diario and Telemundo.
Announced our transformative 30-year partnership with Yahoo.
Announced momentum for Taboola Header Bidding, now used by over 50 publishers around the world, including McClatchy, Ströer and iMedia.

_{¹New digital property partners within the first 12 months that were live on our network.}

_{²Net growth of existing digital property partners, including the growth of new digital property partners (beyond the revenue contribution determined based on the run-rate revenue generated by them when they are first on-boarded).}

First Quarter and Full Year 2023 Guidance

For the First Quarter and Full Year 2023, the Company currently expects:

	Q1 2023 Guidance	FY 2023 Guidance
	Unaudited
	(dollars in millions)
Revenues	$299 – $325	$1,419 – $1,469
Gross profit	$76 – $88	$416 – $436
ex-TAC Gross Profit*	$103 – $115	$526 – $546
Adjusted EBITDA*	($6) – $6	$60 – $80
Non-GAAP Net Income (loss)*	($23) – ($11)	($10) – $10

Our outlook assumes that the macro economy continues to be challenged but does not meaningfully deteriorate and that, as a result, the current softness in the online advertising market continues but does not worsen. In addition, we assume a substantial ramp in investment related to our Yahoo partnership agreement but, to be conservative, do not factor in the associated revenue. It also assumes continued investment in our key company priorities of performance advertising, eCommerce and Header Bidding. Finally, when looking at Q1 2023 growth rates, a year on year comparison is distorted due to an unusually strong first half of 2022 and a weaker second half of 2022, which negatively impacted our run rate coming into 2023.

Although we provide guidance for Adjusted EBITDA and Non-GAAP Net Income (loss), we are not able to provide guidance for projected net income (loss), the most directly comparable GAAP measure. Certain elements of net income (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts. As a result, it is impractical for us to provide guidance on net income (loss) or to reconcile our Adjusted EBITDA and Non-GAAP Net Income (loss) guidance without unreasonable efforts. Consequently, no disclosure of projected net income (loss) is included. For the same reasons, we are unable to address the probable significance of the unavailable information.

Webcast Details

Taboola’s senior management team will discuss the Company’s earnings on a call that will take place on February 24, 2023, at 8:30 AM ET. The call can be accessed via webcast at https://investors.taboola.com. To access the call by phone, please go to this link to register https://register.vevent.com/register/BI2d9c0edd185d48d1940ab1823ab1abbd and you will be provided with dial in details. The webcast will be available for replay for one year, through the close of business on February 23, 2024.

*About Non-GAAP Financial Information

This press release includes ex-TAC Gross Profit, Adjusted EBITDA, Ratio of Adjusted EBITDA to ex-TAC Gross Profit, Free Cash Flow, Non-GAAP Net Income (loss), Non-GAAP EPS basic and diluted and IPO Pro forma Non-GAAP EPS basic and diluted, which are non-GAAP financial measures. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenues, gross profit, earnings per share, net income (loss), cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly-titled measures used by other companies.

The Company believes non-GAAP financial measures provide useful supplemental information to management and investors regarding future financial and business trends relating to the Company. The Company believes that the use of these measures provides an additional tool for investors to use in evaluating operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures are subject to inherent limitations because they reflect the exercise of judgments by management about which items are excluded or included in calculating them, which may vary from period to period. Please refer to the appendix at the end of this press release for reconciliations to the most directly comparable measures in accordance with GAAP.

**About Cash Investment in Publisher Prepayments (Net)

We calculate cash investment in publisher prepayments (net) for a specific measurement period as the gross amount of cash publisher prepayments we made in that measurement period minus the amortization of publisher prepayments that were included in traffic acquisition cost during that measurement period, which were the result of cash publisher prepayments made in that measurement period and previous periods.

Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking statements. Forward-looking statements generally relate to future events including future financial or operating performance of Taboola.com Ltd. (the “Company”). In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “guidance”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “target”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Uncertainties and risk factors that could affect the Company’s future performance and cause results to differ from the forward-looking statements in this press release include, but are not limited to: the ability to recognize the anticipated benefits of the Connexity acquisition and the business combination between the Company and ION Acquisition Corp. 1 Ltd. (together, the “Business Combinations”), which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; the Company’s ability to successfully integrate the Connexity acquisition; costs related to the Business Combinations; changes in applicable laws or regulations; the Company’s estimates of expenses and profitability and underlying assumptions with respect to accounting presentations and purchase price and other adjustments; the Company’s ability to transition to and fully launch the native advertising service for Yahoo on the currently anticipated schedule or at all; the ability to generate or achieve the increase in Adjusted EBITDA and Free Cash Flow in 2024 to the levels assumed in this press release or at all; the ability to become the largest open web advertising company in the world by revenue; ability to attract new digital properties and advertisers; ability to meet minimum guarantee requirements in contracts with digital properties; intense competition in the digital advertising space, including with competitors who have significantly more resources; ability to grow and scale the Company’s ad and content platform through new relationships with advertisers and digital properties; ability to secure high quality content from digital properties; ability to maintain relationships with current advertiser and digital property partners; ability to prioritize investments to improve profitability and free cash flow; ability to make continued investments in the Company’s AI-powered technology platform; the need to attract, train and retain highly-skilled technical workforce; changes in the regulation of, or market practice with respect to, “third party cookies” and its impact on digital advertising; continued engagement by users who interact with the Company’s platform on various digital properties; the impact of the ongoing COVID-19 pandemic and other potential public health emergencies; reliance on a limited number of partners for a significant portion of the Company’s revenue; changes in laws and regulations related to privacy, data protection, advertising regulation, competition and other areas related to digital advertising; ability to enforce, protect and maintain intellectual property rights; and risks related to the fact that we are incorporated in Israel and governed by Israeli law; and other risks and uncertainties set forth in the Company’s Annual Report on Form 20-F for the year ended December 31, 2021 under Item 3.D. “Information About the Company – Risk Factors” and in the Company’s subsequent filings with the Securities and Exchange Commission.

Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no duty to update these forward-looking statements except as may be required by law.

About Taboola
Taboola powers recommendations for the open web, helping people discover things they may like.

The Company’s platform, powered by artificial intelligence, is used by digital properties, including websites, devices and mobile apps, to drive monetization and user engagement. Taboola has long-term partnerships with some of the top digital properties in the world, including CNBC, BBC, NBC News, Business Insider, The Independent and El Mundo.

Approximately 18,000 advertisers use Taboola to reach over 500 million daily active users in a brand-safe environment. Following the acquisition of Connexity in 2021, Taboola is a leader in powering e-commerce recommendations, driving more than 1 million monthly transactions each month. Leading brands, including Walmart, Macy’s, Wayfair, Skechers and eBay are among key customers.

Learn more at www.taboola.com and follow @taboola on Twitter.

CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share and per share data

	December 31,		December 31,
	2022		2021

ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	165,893	$	319,319
Short-term investments		96,914		—
Restricted deposits		750		1,000
Trade receivables (net of allowance for credit losses of $6,748 and $3,895 as of December 31, 2022 and 2021, respectively)		256,708		245,235
Prepaid expenses and other current assets		73,643		63,394
Total current assets		593,908		628,948
NON-CURRENT ASSETS
Long-term prepaid expenses		42,945		32,926
Restricted deposits		4,059		3,897
Deferred tax assets, net		3,821		1,876
Operating lease right of use assets		66,846		65,105
Property and equipment, net		73,019		63,259
Intangible assets, net		189,156		250,923
Goodwill		555,869		550,380
Total non-current assets		935,715		968,366
Total assets	$	1,529,623	$	1,597,314

CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share and per share data

	December 31,			December 31,
	2022			2021

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payables	$	247,504		$	259,941
Short-term operating lease liabilities		14,753			12,958
Accrued expenses and other current liabilities		102,965			124,662
Current maturities of long-term loan		3,000			3,000
Total current liabilities		368,222			400,561
LONG-TERM LIABILITIES
Long-term loan, net of current maturities		223,049			285,402
Long-term operating lease liabilities		57,928			61,526
Warrants liability		6,756			31,227
Other long-term and deferred tax liabilities, net		39,133			51,027
Total long-term liabilities		326,866			429,182
SHAREHOLDERS’ EQUITY
Ordinary shares with no par value- Authorized: 700,000,000 as of December 31, 2022 and 2021; 254,133,863 and 234,031,749 shares issued and outstanding as of December 31, 2022 and 2021, respectively.		—			—
Additional paid-in capital		903,789			824,016
Accumulated other comprehensive loss		(834	)		—
Accumulated deficit		(68,420	)		(56,445	)
Total shareholders’ equity		834,535			767,571
Total liabilities and shareholders’ equity	$	1,529,623		$	1,597,314

CONSOLIDATED STATEMENTS OF INCOME (LOSS)
U.S. dollars in thousands, except share and per share data

	Three months ended December 31,						Year ended December 31,
		2022			2021			2022			2021
	Unaudited
Revenues	$	371,267		$	407,668		$	1,401,150		$	1,378,458
Cost of revenues:
Traffic acquisition cost		212,399			238,458			831,508			859,595
Other cost of revenues		25,694			25,568			105,389			77,792
Total cost of revenues		238,093			264,026			936,897			937,387
Gross profit		133,174			143,642			464,253			441,071
Operating expenses:
Research and development		28,548			34,044			129,276			117,933
Sales and marketing		55,814			59,127			246,803			206,089
General and administrative		23,777			31,826			101,839			130,314
Total operating expenses		108,139			124,997			477,918			454,336
Operating income (loss)		25,035			18,645			(13,665	)		(13,265	)
Finance income (expenses), net		(3,176	)		(1,783	)		9,213			11,293
Income (loss) before income taxes		21,859			16,862			(4,452	)		(1,972	)
Income tax expenses		(6,675	)		(16,277	)		(7,523	)		(22,976	)
Net income (loss)	$	15,184		$	585		$	(11,975	)	$	(24,948	)
Less: Undistributed earnings allocated to participating securities		—			—			—			(11,944	)
Net income (loss) attributable to Ordinary shares – basic and diluted		15,184			585			(11,975	)		(36,892	)
Net income (loss) per share attributable to Ordinary shareholders, basic	$	0.06		$	0.00		$	(0.05	)	$	(0.26	)
Weighted-average shares used in computing net income (loss) per share attributable to Ordinary shareholders, basic		261,922,644			243,850,858			254,284,781			142,883,475
Net income (loss) per share attributable to Ordinary shareholders, diluted	$	0.06		$	0.00		$	(0.05	)	$	(0.26	)
Weighted-average shares used in computing net income (loss) per share attributable to Ordinary shareholders, diluted		263,160,470			271,857,016			254,284,781			142,883,475

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
U.S. dollars in thousands

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022			2021
	Unaudited
Net income (loss)	$	15,184	$	585	$	(11,975	)	$	(24,948	)
Other comprehensive income (loss):
Unrealized gains (losses) on available-for-sale marketable securities		183		—		(521	)		—
Unrealized gains (losses) on derivative instruments, net		1,707		—		(313	)		—
Other comprehensive income (loss)		1,890		—		(834	)		—
Comprehensive income (loss)	$	17,074	$	585	$	(12,809	)	$	(24,948	)

SHARE-BASED COMPENSATION BREAK-DOWN BY EXPENSE LINE
U.S. dollars in thousands

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021
	Unaudited
Cost of revenues	$	865	$	794	$	3,092	$	1,891
Research and development		5,545		8,738		26,433		29,022
Sales and marketing		4,264		4,518		22,615		44,834
General and administrative		5,276		9,473		22,781		52,210
Total share-based compensation expenses	$	15,950	$	23,523	$	74,921	$	127,957

DEPRECIATION AND AMORTIZATION BREAK-DOWN BY EXPENSE LINE
U.S. dollars in thousands

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021
	Unaudited
Cost of revenues	$	8,160	$	8,590	$	33,349	$	27,417
Research and development		474		704		2,468		3,574
Sales and marketing		13,240		13,709		54,157		21,267
General and administrative		636		58		1,247		853
Total depreciation and amortization expense	$	22,510	$	23,061	$	91,221	$	53,111

CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands

	Three months ended December 31,						Year ended December 31,
		2022			2021			2022			2021
	Unaudited
Cash flows from operating activities
Net income (loss)	$	15,184		$	585		$	(11,975	)	$	(24,948	)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:
Depreciation and amortization		22,510			23,061			91,221			53,111
Share-based compensation expenses		15,950			23,523			74,921			127,957
Net loss (gain) from financing expenses		(3,257	)		(463	)		4,476			(2,320	)
Revaluation of the Warrants liability		2,517			(5,565	)		(24,471	)		(22,656	)
Amortization of loan issuance costs and credit facility issuance costs		1,003			283			2,009			402
Amortization of premium and accretion of discount on short-term investments, net		(357	)		—			(679	)		—
Change in operating assets and liabilities:
Increase in trade receivables, net		(71,914	)		(54,657	)		(11,242	)		(40,113	)
Decrease (increase) in prepaid expenses and other current assets and long-term prepaid expenses		3,136			(26,544	)		(10,785	)		(64,923	)
Increase (decrease) in trade payables		37,834			52,663			(16,825	)		23,862
Increase (decrease) in accrued expenses and other current liabilities and other long-term liabilities		3,584			14,026			(21,932	)		16,182
Decrease in deferred taxes, net		(7,653	)		(4,297	)		(17,329	)		(1,581	)
Change in operating lease right of use assets		3,992			3,651			15,528			14,529
Change in operating lease liabilities		(2,471	)		(3,298	)		(19,433	)		(15,981	)
Net cash provided by operating activities		20,058			22,968			53,484			63,521
Cash flows from investing activities
Purchase of property and equipment, including capitalized internal-use software		(6,438	)		(10,296	)		(34,914	)		(39,070	)
Cash paid in connection with acquisitions, net of cash acquired		—			(171	)		(7,981	)		(583,457	)
Proceeds from (investments in) restricted deposits		(7	)		(258	)		91			2,067
Investments in (purchase of) short-term investments		1			—			(126,381	)		—
Proceeds from sales and maturities of short-term investments		23,464			—			29,624			—
Net cash provided by (used in) investing activities		17,020			(10,725	)		(139,561	)		(620,460	)
Cash flows from financing activities
Exercise of options and vested RSUs		920			2,539			8,387			10,018
Issuance of Ordinary shares, net of offering costs		—			(792	)		—			285,378
Payment of tax withholding for share-based compensation expenses		(1,641	)		(6,152	)		(5,751	)		(6,152	)
Proceeds from long-term loan, net of debt issuance costs		—			—			—			288,750
Repayment of long-term loan		(62,014	)		(750	)		(64,264	)		(750	)
Costs associated with entering into a revolving credit facility		(184	)		—			(1,245	)		—
Issuance of Warrants		—			—			—			53,883
Net cash provided by (used in) financing activities		(62,919	)		(5,155	)		(62,873	)		631,127
Exchange rate differences on balances of cash and cash equivalents		3,257			463			(4,476	)		2,320
Increase (decrease) in cash and cash equivalents		(22,584	)		7,551			(153,426	)		76,508
Cash and cash equivalents – at the beginning of the period		188,477			311,768			319,319			242,811
Cash and cash equivalents – at end of the period	$	165,893		$	319,319		$	165,893		$	319,319

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021
	Unaudited
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Income taxes	$	6,199	$	1,997	$	28,798	$	15,475
Interest	$	5,618	$	—	$	20,712	$	1,125
Non-cash investing and financing activities:
Purchase of property and equipment, including capitalized internal-use software	$	1,657	$	1,120	$	1,657	$	1,120
Share-based compensation included in capitalized internal-use software	$	472	$	382	$	1,932	$	783
Creation of operating lease right-of-use assets	$	5,621	$	6,902	$	17,269	$	4,520
Fair value of Ordinary shares issued as consideration of the acquisition	$	—	$	—	$	—	$	157,689

APPENDIX A: Non-GAAP Reconciliation

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR Q4 AND FULL YEARS ENDED DECEMBER 31, 2022 AND 2021 (Unaudited)

The following table provides a reconciliation of revenues to ex-TAC Gross Profit.

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021
	(dollars in thousands)
Revenues	$	371,267	$	407,668	$	1,401,150	$	1,378,458
Traffic acquisition cost		212,399		238,458		831,508		859,595
Other cost of revenues		25,694		25,568		105,389		77,792
Gross profit	$	133,174	$	143,642	$	464,253	$	441,071
Add back: Other cost of revenues		25,694		25,568		105,389		77,792
ex-TAC Gross Profit	$	158,868	$	169,210	$	569,642	$	518,863

The following table provides a reconciliation of net income (loss) to Adjusted EBITDA.

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022			2021
	(dollars in thousands)
Net income (loss)	$	15,184	$	585	$	(11,975	)	$	(24,948	)
Adjusted to exclude the following:
Finance (income) expenses, net		3,176		1,783		(9,213	)		(11,293	)
Income tax expenses		6,675		16,277		7,523			22,976
Depreciation and amortization		22,510		23,061		91,221			53,111
Share-based compensation expenses (1)		13,214		20,641		63,830			124,235
Restructuring expenses (2)		—		—		3,383			—
Holdback compensation expenses (3)		2,736		2,882		11,091			3,722
M&A costs		—		154		816			11,661
Adjusted EBITDA	$	63,495	$	65,383	$	156,676		$	179,464

We calculate Ratio of net income (loss) to gross profit as net income (loss) divided by gross profit. We calculate the Ratio of Adjusted EBITDA to ex-TAC Gross Profit, a non-GAAP measure, as Adjusted EBITDA divided by ex-TAC Gross Profit. We believe that the Ratio of Adjusted EBITDA to ex-TAC Gross Profit is useful because TAC is what we must pay digital properties to obtain the right to place advertising on their websites, and we believe focusing on ex-TAC Gross Profit better reflects the profitability of our business. The following table reconciles Ratio of net income (loss) to gross profit and Ratio of Adjusted EBITDA to ex-TAC Gross Profit for the period shown.

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021
	(dollars in thousands)
Gross profit	$	133,174	$	143,642	$	464,253	$	441,071
Net income (loss)	$	15,184	$	585	$	(11,975)	$	(24,948)
Ratio of net income (loss) to gross profit		11.4%		0.4%		(2.6%)		(5.7%)

ex-TAC Gross Profit	$	158,868	$	169,210	$	569,642	$	518,863
Adjusted EBITDA	$	63,495	$	65,383	$	156,676	$	179,464
Ratio of Adjusted EBITDA margin to ex-TAC Gross Profit		40.0%		38.6%		27.5%		34.6%

The following table provides a reconciliation of net income (loss) to Non-GAAP Net Income*.

	Three months ended December 31,						Year ended December 31,
		2022			2021			2022			2021
	(dollars in thousands)
Net income (loss)	$	15,184		$	585		$	(11,975	)	$	(24,948	)
Amortization of acquired intangibles		15,966			15,821			63,557			23,007
Share-based compensation expenses (1)		13,214			20,641			63,830			124,235
Restructuring expenses (2)		—			—			3,383			—
Holdback compensation expenses (3)		2,736			2,882			11,091			3,722
M&A costs		—			154			816			11,661
Revaluation of Warrants		2,517			(5,565	)		(24,471	)		(22,656	)
Foreign currency exchange rate (4)		(4,430	)		1,106			(1,377	)		4,625
Income tax effects		(1,909	)		(1,778	)		(13,472	)		(6,060	)
Non-GAAP Net Income	$	43,278		$	33,846		$	91,382		$	113,586

Non-GAAP EPS basic	$	0.17		$	0.14		$	0.36		$	0.79
Non-GAAP EPS diluted	$	0.16		$	0.12		$	0.35		$	0.68

_{^* Three months and year ended December 31, 2021 have been adjusted to include the impact of foreign currency exchange rates to be consistent with current period presentation.}

_{¹For the year ended December 31, 2021, a substantial majority is share-based compensation expenses related to going public.}
_{² Costs associated with the Company’s cost restructuring program implemented in September 2022.}
_{³Represents share-based compensation due to holdback of Taboola Ordinary shares issuable under compensatory arrangements relating to Connexity acquisition.}
_{⁴ Represents income or loss related to the remeasurement of monetary assets and liabilities to the Company’s functional currency using exchange rates in effect at the end of the reporting period.}

The following table provides a reconciliation of the number of shares used to calculate GAAP EPS to IPO Pro forma Non-GAAP EPS basic and diluted.

	Three months ended December 31,				Year ended December 31,
		2022		2021		2022		2021

GAAP weighted-average shares used to compute net income (loss) per share, basic		261,922,644		243,850,858		254,284,781		142,883,475
Add: Non-GAAP adjustment for Ordinary shares issued in connection with going public		—		—		—		84,769,190
IPO Pro forma Non-GAAP weighted-average shares used to compute net income per share, basic		261,922,644		243,850,858		254,284,781		227,652,665

GAAP weighted-average shares used to compute net income (loss) per share, diluted		263,160,470		271,857,016		254,284,781		142,883,475
Add: Non-GAAP adjustment for Ordinary shares issued in connection with going public		—		—		—		84,769,190
Add: Dilutive Ordinary share equivalents		—		—		5,519,155		23,155,427
IPO Pro forma Non-GAAP weighted-average shares used to compute net income per share, diluted		263,160,470		271,857,016		259,803,936		250,808,092

IPO Pro forma Non-GAAP EPS, basic (1)	$	0.165	$	0.139	$	0.359	$	0.499
IPO Pro forma Non-GAAP EPS, diluted (1)	$	0.164	$	0.124	$	0.352	$	0.453

_{¹IPO Pro Forma Non-GAAP EPS basic and diluted is presented only for the year ended December 31, 2021 assuming Taboola went public and consummated the related transactions in each case as of January 1, 2021. Therefore the Non-GAAP net income does not include any adjustments of undistributed earnings previously allocated to participating securities, assuming these securities converted to Ordinary shares in each case as of January 1, 2021.}

The following table provides a reconciliation of net cash provided by operating activities to Free Cash Flow.

	Three months ended December 31,						Year ended December 31,
		2022			2021			2022			2021
	(dollars in thousands)
Net cash provided by operating activities	$	20,058		$	22,968		$	53,484		$	63,521
Purchases of property and equipment, including capitalized internal-use software		(6,438	)		(10,296	)		(34,914	)		(39,070	)
Free Cash Flow	$	13,620		$	12,672		$	18,570		$	24,451

APPENDIX A: Non-GAAP Guidance Reconciliation

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR Q1 2023 AND FULL YEAR 2023 GUIDANCE

(Unaudited)

The following table provides a reconciliation of projected Gross profit to ex-TAC Gross profit guidance.

	Q1 2023 Guidance	FY 2023 Guidance
	Unaudited
	(dollars in millions)
Revenues	$299 – $325	$1,419 – $1,469
Traffic acquisition cost	($196 – $210)	($893 – $923)
Other cost of revenues	($26 – $28)	($107 – $113)
Gross profit	$76 – $88	$416 – $436
Add back: Other cost of revenues	$26 – $28	$107 – $113
ex-TAC Gross Profit	$103 – $115	$526 – $546

Although we provide a projection for Free Cash Flow, we are not able to provide a projection for net cash provided by operating activities, the most directly comparable GAAP measure. Certain elements of net cash provided by operating activities, including taxes and timing of collections and payments, are not predictable therefore projecting an accurate forecast is difficult. As a result, it is impractical for us to provide projections on net cash provided by operating activities or to reconcile our Free Cash Flow projections without unreasonable efforts. Consequently, no disclosure of projected net cash provided by operating activities is included. For the same reasons, we are unable to address the probable significance of the unavailable information.

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Lithium Miners Strategize for Long-Term Gains as Market Recovers

Published

9 hours ago

May 3, 2024

CISION (PR Newswire)

USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/lithium-miners-strategize-for-long-term-gains-as-market-recovers-302135776.html

Artificial Intelligence

ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations

Published

11 hours ago

May 3, 2024

CISION (PR Newswire)

New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.

Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.

View original content:https://www.prnewswire.co.uk/news-releases/roller-and-amusement-connect-announce-integration-to-streamline-cashless-card-operations-302135415.html

Artificial Intelligence

Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™

Published

11 hours ago

May 3, 2024

CISION (PR Newswire)

CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
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Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
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