- Cogint (COGT) is up 8.2% in postmarket trading after posting Q4 earnings that beat expectations on top and bottom lines (one estimate on EPS) during a year of transformation and acquisitions for the former IDI.
- Revenue grew 400% on a Y/Y basis, but compared to Q3, it increased to $54.2M from $52.2M. Information Services revenue rose to $16.2M from $14.8M, and Performance Marketing revenue rose to $38M from $37.4M. The company's gross profit margin increased to 33% from 24%.
- Net loss narrowed to $5.4M, from a loss of $9.7M.
- Revenue by segment (Y/Y): Information Services, $55.4M (up from $6.4M); Performance Marketing, $131.4M (up from $7.7M).
- It's boosting its 2017 revenue outlook to $233M-$239M -- up from previous guidance for $230M-$235M, and vs. consensus for $235.1M.
- Press Release