Artificial Intelligence

NowVertical Group Reports Record Fourth Quarter 2022 Financial Results

Published

1 year ago

April 19, 2023

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Adjusted Revenue was $8.6 million¹ for the three months ended December 31, 2022 (“Q4 2022”) and $27.7 million¹ for the year ended December 31, 2022 (“FY 2022”), an increase of more than 450% from the three months ended December 31, 2021 (“Q4 2021”) and more than 550% from the year ended December 31, 2021 (“FY 2021”).
NOW reported breakeven Adjusted EBITDA¹ in Q4 2022 and $(1.2) million in FY 2022, an increase of 99% from Q4 2021 and 53% from FY 2021.

TORONTO, April 19, 2023 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSX-V: NOW) (OTCQB: NOWVF) (“NOW” or the “Company”), the Vertical Intelligence (“VI”) company, today announces its financial results for the three and twelve months ended December 31, 2022. All figures are in U.S. dollars unless otherwise stated.

“The fourth quarter results demonstrate our ability to create value through a disciplined, profitability-oriented growth strategy,” said Daren Trousdell, Chief Executive Officer. “Carrying this momentum into fiscal 2023, we are uniquely positioned – strategically, operationally, and financially – to continue consolidating in markets around the world, while realizing meaningful cost efficiencies and generating increasing levels of organic growth.”

“NOW has ramped up our operations to build significant scale and position us to compete with some of the biggest and most well-known brands in the AI industry,” continued Trousdell. “We have done this with a very strong and dedicated corporate development team that has internally sourced, pursued, and closed 12 acquisitions, that all-in generates approximately $60 million in revenue on a trailing 12-month (“TTM”) basis.”¹

Selected Financial Highlights:

TTM Proforma Revenue¹ was $33.7 million at December 31, 2022, an increase of more than 300% from FY 2021.
Current TTM Proforma Revenue¹ at April 19, 2023, is approximately $60 million, including TTM revenue from all 12 acquisitions completed.
Adjusted Revenue¹ Target for Q1 2023 is between $11.5–$12.5 million.
Adjusted Revenue¹ – Adjusted Revenue was $8.6 million¹ in Q4 2022 and $27.7 million¹ for FY 2022, an increase of more than 450% from Q4 2021 and more than 550% from FY 2021.
Gross Profit¹ was $3.9 million in Q4 2022 and $12.8 million in FY 2022, representing significant increases from $1.2 million in Q4 2021 and $3.4 million in FY 2021.
Adjusted EBITDA¹– Adjusted EBITDA was $0.0 million in Q4 2022 and ($1.2) million in FY 2022, representing significant improvements from $(2.0) million in Q4 2021 and ($2.6) million in FY 2021.
Net Loss – Net Loss was $3.8 million in Q4 2022 and $9.8 million in FY 2022, improving from a net loss of $4.5 million in Q4 2021 and $13.9 million in FY 2021.
Cash and Cash Equivalents – Unrestricted Cash and cash equivalents were $3.8 million as of December 31, 2022.

________________________
¹See NON-IFRS MEASURES at the end of release

Financial Information:

		Three months ended
(000)s		December 31, 2022									December 31, 2021
Reported:		NOW Business Units			NOW Group Operations			Total			NOW Business Units			NOW Group Operations			Total
Revenue	$	8,392		$	–		$	8,392		$	1,140		$	–		$	1,140
Loss from operations	$	(2,595	)	$	(1,558	)	$	(4,152	)	$	(281	)	$	(4,123	)	$	(4,404	)
Adjusted:
Adjusted Revenue	$	8,575		$	–		$	8,575		$	1,505		$	–		$	1,505
Cost of revenue	$	(4,672	)	$	–		$	(4,672	)	$	(272	)	$	–		$	(272	)
Gross Profit	$	3,903		$	–		$	3,903		$	1,233		$	–		$	1,233
Gross Profit margin		46	%					46	%		82	%					82	%
Administrative and other expenses	$	(2,501	)	$	(1,423	)	$	(3,925	)	$	(818,447	)	$	(2,410	)	$	(3,229	)
Adjusted EBITDA	$	1,402		$	(1,423	)	$	(21	)	$	414,434		$	(2,410	)	$	(1,995	)
EBITDA %		16	%					–			28	%					-133	%

		12 Months Ended
(000)s		December 31, 2022									December 31,2021
As reported:		NOW Business Units			NOW Group Operations			Total			NOW Business Units			NOW Group Operations			Total
Revenue	$	27,009		$	–		$	27,009		$	3,221		$	–		$	3,221
Loss from operations	$	(2,137	)	$	(6,915	)	$	(9,052	)	$	895		$	(13,439	)	$	(12,544	)
Adjusted:
Adjusted Revenue	$	27,746		$	–		$	27,746		$	4,067		$	–		$	4,067
Cost of revenue	$	(14,944	)	$	–		$	(14,944	)	$	(569	)	$	–		$	(569	)
Gross Profit	$	12,802		$	–		$	12,802		$	3,498		$	–		$	3,498
Gross Profit margin		46	%					46	%		86	%					86	%
Administrative and other expenses	$	(7,842	)	$	(6,201	)	$	(14,044	)	$	(1,379	)	$	(4,748	)	$	(6,127	)
Adjusted EBITDA	$	4,960		$	(6,201	)	$	(1,241	)	$	2,119		$	(4,748	)	$	(2,629	)
EBITDA %		18	%					-4	%		52	%					-65	%

Q4 2022 and Subsequent Business Highlights

In December 2022, NOW announced definitive agreements to acquire 100% of the issued and outstanding securities of two U.K.-based data analytics solution providers, Acrotrend Solutions and Smartlytics Consultancy. Both acquisitions closed during Q1 2023, on January 12, 2023.
In December 2022, NOW announced a definitive agreement to acquire 100% of the issued and outstanding securities of Group Analytics 10 and Inteligencia de Negocios and its affiliate entities (collectively, the “A10 Group”) , one of Latin America’s premier big data solution providers with an experienced team of over 175 experts. The transaction closed during Q1 2023 on February 2, 2023.
On December 21, 2022, NOW entered into a partnership with Export Development Canada (“EDC”) to support NOW’s international growth and expansion efforts. As part of this partnership, NOW and EDC have entered into a non-dilutive secured $7.0 million credit facility agreement.
On October 5, 2022, NOW completed a marketed public debenture offering for total gross proceeds of C$5.1 million.

Subsequent to Q4:

January 12, 2023, NOW announced a new credit agreement with The Toronto-Dominion Bank (“TD Bank”) for CAD$7 million.
On March 6, 2023, NOW announced its System Organization Control Type II (“SOC 2”) certification.
On February 21, 2023, Acrotrend, one of the newest additions to NOW’s Vertical Intelligence offering, was awarded a gold rating in the sixth annual listing of UK management firms most recommended by their clients.
On February 28, 2023, NOW completed a marketed public offering of 9,631,500 units for aggregate gross proceeds of C$5.0 million.

Investor Call

NOW management will hold a quarterly broadcast to discuss 2022 results tomorrow morning at 9 am ET. Participants will include Daren Trousdell, Chief Executive Officer; Alim Virani, Chief Financial Officer; and Sasha Grujicic, President. A question-and-answer session will follow.

Investor Conference Call Registration

For participants that would like to ask questions on the call please register here for a dial in PIN: https://bit.ly/NOWQ4registration

A recording of the webinar and supporting materials will be made available following the call in the investor’s section of the company’s website at https://ir.nowvertical.com/news-and-media.

Release of Annual Audited Financial Statements

The Company previously announced that its 2022 audited financial statements for the year ended December 31, 2022 (the “Financial Statements”) and accompanying management’s discussion and analysis (the “MD&A”) would be released following the close of market on April 19, 2023. By way of update, the Company will be releasing its Financial Statements and MD&A on or before the filing deadline of April 30, 2023.

Corporate Update

Further to the Company’s news release dated February 2, 2023 announcing the Company’s acquisition of the A10 Group, the Company would like to clarify that the earn-out consideration payable under the purchase agreement with the A10 Group vendors which is to be paid over four fiscal years based on certain Adjusted EBITDA targets is payable in part by way of an issuance of subordinate voting shares in the capital of NOW (“NOW Shares”) in the Company’s sole discretion subject to a maximum of 1,500,000 NOW Shares (or an aggregate of 2,050,000 NOW Shares including the 550,000 NOW Shares issued on closing at a deemed price of US$1.00 per NOW Share in settlement of a US$550,000 payable on closing.

Further to the Company’s news release dated March 28, 2022 announcing the Company’s acquisition of Exonar Ltd. (“Exonar”), the Company would like to clarify that the consideration payable under the purchase agreement to the Exonar vendors is as follows: (i) a closing cash payment of US$150,000 which was paid in March 2022 on closing; and (ii) a deferred payment of US$500,000 payable one year from the closing date (the “Deferred Payment”), in cash or NOW Shares in the Company’s sole discretion at a deemed price per NOW Share equal to the greater of (A) the Canadian dollar equivalent of US$1.00 per share and (B) the Company’s 20-day volume weighted average trading price on the day prior to issuance, less the maximum discount permitted under the rules of the TSX Venture Exchange (the “TSXV”) and subject to the approval of the TSXV. The Company has sought the approval of the TSXV to issue 500,000 NOW Shares in settlement of the Deferred Payment and such issuance remains subject to the approval of the TSXV.

Additionally, on April 18, 2023, the Company and the former shareholders of Affinio, a company previously acquired by NOW, agreed to amend the terms of a deferred payment of $1.5 million, by amending the amount payable to $1.74 million (the “Remaining Amount”) and deferring the payment of the Remaining Amount in cash installments between now and December 31, 2023.

Related links:

https://www.nowvertical.com

About NowVertical Group Inc.

NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. NOW’s proprietary solutions sit at the foundation of the modern enterprise by transforming AI investments into VI, enabling its customers to minimize their risk, accelerate the time to value, and reduce costs. NOW is rapidly growing organically and through targeted acquisitions. For more information about NOW, visit www.nowvertical.com.

Pre-Released Financial Metrics

This news release contains certain pre-released fourth quarter and full year financial metrics. The fourth quarter and full year financial metrics contained in this news release are preliminary and represent the most current information available to the Company’s management, as financial closing procedures for the three months and year ended December 31, 2022 are not yet complete. The Company’s actual audited financial statements for such period will be filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com, on or before the filing deadline of April 30, 2023, and may result in material changes to the financial metrics summarized in this news release (including by any one financial metric, or all of the financial metrics, being below or above the figures indicated) as a result of the completion of normal quarter and year end accounting procedures and adjustments, and also what one might expect to be in the final financial statements based on the financial metrics summarized in this news release. Although the Company believes the expectations reflected in this news release are based upon reasonable assumptions, the Company can give no assurance that actual results will not differ materially from these expectations.

Neither the 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.

For further information, please contact:

Daren Trousdell, Chief Executive Officer
e: [email protected]
t: (212) 302-0868

Glen Nelson, Investor Relations
e: [email protected]
t: (403) 763-9797

NON-IFRS MEASURES

The non-IFRS financial measures referred to in this news release are defined below. The management’s discussion and analysis for the three and 12 months ended December 31, 2022, which will be available on or before April 30, 2023 at www.nowvertical.com and on the Company’s SEDAR profile, also contains supporting calculations for Adjusted Revenue, EBITDA, Adjusted EBITDA, and Pro Forma TTM Adjusted Revenue.

“Adjusted Revenue” adjusts revenue to eliminate the effects of acquisition accounting on the Company’s revenues.

“Q4 2022 Proforma Adjusted Revenue” adjusts revenue to eliminate the effects of acquisition accounting on the Company’s revenues and includes revenues from all acquisitions completed as of the MD&A issuance date.

“Adjusted EBITDA” adjusts EBITDA for revenue adjustments in “Adjusted Revenue” and items such as acquisition accounting adjustments, transaction expenses related to acquisitions, transactional gains or losses on assets, asset impairment charges, non-recurring expense items, non-cash stock compensation costs, and the full-year impact of cost synergies related to the reduction of employees.

“Pro Forma TTM Adjusted Revenue” represents the trailing twelve months of Adjusted Revenue of all acquisitions completed as of the end of the respective period presented.

“Current Pro Forma TTM Adjusted Revenue” adjusts Pro Forma TTM Adjusted Revenue to include the Pro Forma TTM Adjusted Revenue of all acquisitions completed through the date of the Q4 2022 MD&A. The prior year’s comparable amount reflects acquisitions completed through the date of the prior period’s MD&A.

Forward‐Looking Statements

This news release may contain forward‐looking statements (within the meaning of applicable securities laws) which reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate,” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Company’s business.

The forward-looking statements in this news release are based on certain assumptions. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release. Except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Cautionary Note Regarding Non-IFRS Measures

This news release refers to certain non-IFRS measures. These measures are not recognized under IFRS, do not have a standardized meaning prescribed by IFRS, and are, therefore, unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. The Company’s definitions of non-IFRS measures used in this news release may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. The Company uses non-IFRS financial measures, including “Adjusted Revenue”, “EBITDA”, “Adjusted EBITDA”, “Pro Forma TTM Adjusted Revenue”, and “Current Pro Forma TTM Adjusted Revenue”. These non-IFRS measures provide investors with supplemental measures of our operating performance and eliminate items that have less bearing on our operational performance or operating conditions and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. The Company believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company’s management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period and to prepare annual budgets and forecasts.

Related Topics:AI Artificial Intelligence Machine learning

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Artificial Intelligence

Skai positioned as Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions

Published

1 hour ago

May 2, 2024

CISION (PR Newswire)

skai-positioned-as-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading advertising technology vendors.Skai, with its omnichannel advertising platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Skai as a 2024 technology Leader in the SPARK Matrix analysis of the global SPARK Matrix™ AdTech Platform 2024 Market.

Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, “Skai’s ad tech platform offers an integrated approach to omnichannel media orchestration. It combines campaign activation and management capabilities with advanced AI-driven insights to help marketers make smarter decisions. The platform is designed to provide marketers with a holistic view of their media across all advertising touchpoints, ensuring that marketers are not just reacting to data, but are proactively leveraging it to make choices that drive results. Skai’s industry-first capabilities empower marketers to maximize every channel they’re utilizing across every campaign lifecycle, while streamlining operational processes and deepening understanding of consumer behavior and campaign performance. This has positioned Skai as the leader in the SPARK Matrix: Ad Tech Platforms, 2024.”
Quote by Skai:
“As walled garden media evolves into a full-funnel, omnichannel approach underpinned by first-party data and AI, it is critical for brands, agencies, and retailers to work with an advertising technology platform that enables decisioning, activation, and optimization solutions across all top performance media channels,” said Gil Sadeh, Chief Growth Officer at Skai. “We are thrilled at the acknowledgment of our leading position in this space, and look forward to continuing to drive growth for our customers and partners.”
For more information about Skai visit here
About Skai
Skai is an omnichannel advertising platform, uniquely enabling brands and agencies to run data-driven programs across walled garden media. It empowers both media leaders and activation teams to drive impactful results from their advertising program with AI-powered decisioning, activation, and optimization solutions. Its partners include Google, Amazon Ads, Microsoft, Walmart Connect, Apple Search Ads, Instacart, Criteo, TikTok, Snap, Pinterest, Meta, and more.
For over a decade, Skai has earned the trust of notable brands such as HP, Doordash, Sony, Philips, and L’Oreal. Renowned for innovation and a values-driven culture, Skai is headquartered in San Francisco and Tel Aviv with eight international locations.
Media Contacts:Media Contact- [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Contact:Ajinkya IngleQuadrant Knowledge SolutionsRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Phone: (+1) 978-344-2770Content Source: https://quadrant-solutions.com/press-release/skai-positioned-as-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions-577Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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Artificial Intelligence

Doosan Robotics to Unveil New, Best-in-Class Cobot at Automate 2024

Published

1 hour ago

May 2, 2024

CISION (PR Newswire)

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The Industry-Leading Motion Platform Company will Present Cutting-Edge Products Like the Award-Winning Dart-Suite Robot Ecosystem and an AI-Powered Bartending Cobot “Mixmaster Moodie”
CHICAGO, May 2, 2024 /PRNewswire/ — Doosan Robotics Inc., one of the world’s leading collaborative robot (cobot) manufacturers, is poised to transform the robotics landscape at Automate 2024, North America’s largest automation showcase, with the industry’s latest cobot advancements across various sectors. Doosan Robotics is exhibiting at Automate May 6-9 at McCormick Place booth #850 in Chicago, IL.

With a comprehensive range of cobots and cutting-edge software like Dart-Suite and AI technology, Doosan Robotics is dedicated to revolutionizing motion solutions tailored to human needs. From machine tending to palletizing, welding, and F&B services, the company offers a diverse array of ready-to-sell solutions catered to both domestic and global markets. That is why Doosan Robotics’ theme at this year’s Automate is “The Motion Platform Company.”
On May 6, Doosan Robotics will unveil its latest, never-before-seen industrial cobot which boasts the greatest capabilities of any machine in its category including a 30 kg payload.
Doosan Robotics booth will feature Dart-Suite, a 2024 RBR50* (Robotics Business Review) Innovation Award-winning advanced robot ecosystem designed to redefine the way customers utilize Doosan cobots. The scalable platform elevates cobot capabilities by providing unlimited programmable motions, while ensuring accessibility for all. Dart-Suite fosters a cohesive environment where every component synergizes, empowering users to create, market, download, and activate functions through diverse interfaces. This evolution propels robots from mere static tools to dynamic, flexible collaborators. The Dart-Suite platform has also been honored as a finalist of the 2024 Automate Innovation Awards in the category of Software.
“Our team at Doosan Robotics is honored to return to Automate 2024, the pinnacle event of automation in North America,” expressed William Ryu, CEO, Doosan Robotics. “We’re committed to transforming the robotics landscape and Automate holds immense strategic significance for us, offering a direct gateway to various industries. Our cobot line’s power will be on full display, alongside the customizable functionality and usage that differentiate our technology. We look forward to sharing our innovative solutions and continuing to drive the industry forward.”
While at Automate, drinks are on Doosan! The industry-leading, motion-platform company will showcase “Dr. Presso,” an unmanned modular café equipped with a top-of-the-line coffee machine, and “Mixmaster Moodie,” a bartending cobot powered by Microsoft’s OpenAI. “Mixmaster Moodie” is coupled with “Tetote,” Bridgestone’s soft robot hand powered by bendy rubber artificial muscle that employs a pioneering cocktail recommendation system to serve a cocktail based on visual and audio cues. Doosan will also present its Training Kit, a certified training equipment which allows users to practice and experience Doosan’s cobot training programs anytime, anywhere.
Doosan Robotics joined forces with prominent global companies, each celebrated for their expertise and dominant presence in the market, to pioneer AI cobot solutions for commercialization. These best-in-class partners in each solution include the Apex Motion Control’s Baker-Bot Quad, a first-of-its-kind modular cake decorating system which consists of individual robotic stations including top and side cake icing, decorative borders, top rosettes, and writing messages and drizzling.
Other partnerships include the Paltz De-palletizing System, a robotic depalletizing work cell with vision from BeRobox with CMES; Ellison Technologies’ AutoPilot Machine Tending Solution which is a load/unload system designed ideally for CNC Machine Tools for the manufacturing industry; the Cloos ArcBot, a Doosan M1013 cobot arm with integrated Cloos StarT welding pack; Hillside Automation’s CNCtender, a Complete Machine Tending solution with software interface on new generation controller; and MARI AARS System which simplifies the deployment, operation, and maintenance of robotic automation systems, marking a groundbreaking advancement in user-friendly AI software and plug-and-play hardware.
Doosan Robotics is driven by a vision to elevate everyday experiences and redefine labor workflows. Their exceptional range of AI cobots is poised to bring about a paradigm shift across various sectors, including manufacturing, logistics, food & beverage, architecture, and service industries. These cutting-edge solutions transcend the constraints of conventional robotics, adeptly maneuvering through intricate scenarios while infusing tasks with enhanced efficiency, safety, and ingenuity. Moreover, the AI system boasts continuous learning capabilities, effortlessly updating its model by autonomously downloading required modules for smooth integration.
Doosan Robotics’ exhibit is located at booth #850 at McCormick Place in Chicago, IL from May 6-9, 2024.
For more information on Doosan Robotics’ Automate 2024 presence, please contact [email protected].
*For more than a dozen years, the RBR50 Robotics Innovation Awards have recognized robots that promise to positively change how we work and live. WTWH Media’s robotics editors select the honorees on the basis of how they address technology and business challenges. The 2024 winners will be celebrated at the inaugural RBR50 Gala at the Robotics Summit & Expo.
ABOUT DOOSAN ROBOTICSDoosan Robotics is a global leader in collaborative robot solutions, embodying the principle of ‘Innovation in every motion, revolutionizing the way we work.’ Doosan robots, known for world-class safety and precision, enhance task efficiency across various sectors from manufacturing to service, enabling people to focus on more valuable work. More information about Doosan Robotics is available at https://www.doosanrobotics.com/en/.
Media ContactR&[email protected]
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Artificial Intelligence

AdTheorent named Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions

Published

1 hour ago

May 2, 2024

CISION (PR Newswire)

adtheorent-named-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading AdTech platform vendors.AdTheorent, with its comprehensive machine learning-powered technology platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named AdTheorent as a 2024 technology Leader in the SPARK Matrix analysis of the global AdTech Platform market.

Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, ‘The AdTheorent platform stands out in the AdTech Platform market due to its advanced machine learning and privacy-forward solutions including its predictive targeting, audience extension solutions, geo-intelligence, and Studio AT creative capability. The platform’s unique features including ID-independent targeting and cross-device mapping help organizations tackle the cookie depreciation challenges, engaging customers across multiple devices, and supporting industry-specific use cases. AdTheorent with its strong partner ecosystem, product strategy & performance, vision, and roadmap has been recognized and is positioned as an emerging leader in SPARK Matrix: AdTech Platform, 2024.’
Quote by AdTheorent:
‘AdTheorent is an ID-independent platform that uses advanced machine learning technology to predict the value of ad impression opportunities based on advertiser goals. Our unique capabilities have never been more relevant as the digital advertising industry evolves beyond ID-based targeting. AdTheorent’s 12-year investment in machine-learning innovation positions us and our advertising partners for success in the post-cookie world,” said Jim Lawson, CEO of AdTheorent. “We are honored to be recognized as a leader in the 2024 Spark Matrix for AdTech Platforms by Quadrant Knowledge Solutions.’
Additional Resources:
For more information about AdTheorent visit here. Complimentary Download – SPARK Matrix™: AdTech PlatformAbout AdTheorent
AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology and privacy-forward solutions to deliver impactful advertising campaigns for marketers. AdTheorent’s machine learning-powered media buying platform powers its predictive targeting, predictive audiences, geo-intelligence, audience extension solutions and in-house creative capability, Studio AT. Leveraging only non-sensitive data and focused on the predictive value of machine learning models, AdTheorent’s product suite and flexible transaction models allow advertisers to identify the most qualified potential consumers coupled with the optimal creative experience to deliver superior results, measured by each advertiser’s real-world business goals.
AdTheorent is consistently recognized with numerous technology, product, growth, and workplace awards. AdTheorent was named ‘Best Buy-Side Programmatic Platform” in the 2023 Digiday Technology Awards and was honored with an AI Breakthrough Award and “Most Innovative Product” (B.I.G. Innovation Awards) for five consecutive years. Additionally, AdTheorent is the only seven-time recipient of Frost & Sullivan’s “Digital Advertising Leadership Award.’ AdTheorent is headquartered in New York, with fourteen locations across the United States and Canada. For more information, visit adtheorent.com.
Media Contacts:
Melanie Berger, [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
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