- YuMe (NYSE:YUME -7.3%) has rebounded from a heavy decline today, up 12.9% after hours, after posting a Q3 beat on profits and revenues ahead of a full programmatic platform rollout.
- Net loss widened to $6.5M from a previous $3M but still beat expectations. An EBITDA loss of $2.8M fell short of an expected $2.7M loss, however.
- CEO Jayant Kadambi says the company's on track to complete a programmatic rollout by the end of the year. The company reported 571 advertising customers, up 20% Y/Y, and 1,030 customers for the past 12 months, up 28% from the prior year.
- Of ad customers accounting for a minimum of $100K in trailing-12-month revenue: There were 300 in the past 12 months (up 13%), and average revenue per ad customer was $526,000 (down 8%).
- The company has $65.5M in cash and equivalents. It's guiding to Q4 revenues of $46M-$52M and adjusted EBITDA of $2.2M-$5.2M, both in line with expectations.
- Press release