- Digital ad firm YuMe (NYSE:YUME) posted revenue that missed expectations despite growing 7.5% and a wider net loss that also fell short of consensus for the first quarter.
- EBITDA of -$2.5M did beat an expected -$3.1M. Gross margin was 47%, compared to a year-ago 45.9%.
- YuMe guided for Q2 revenue of $42M-$46M and EBITDA of -$2.8M to -$0.8M, and full-year revenue of $196M-$206M and EBITDA of $0.00 to $4M, all in line with expectations.
- The company had $62.7M in cash and equivalents at quarter's end, against no debt.
- It plans to start rollout of a new end-to-end programmatic marketplace offering later this quarter.
- Conference call at 4:30 p.m. ET.
- Press Release