AdTheorent Q1 revenue up 6.7% to $34.9M; net loss widens to $9.9M

AdTheorent Holding Company, Inc.

2024-Q1 EPS reported -$0.11 revenue$34,857,000

Revenue $34.9M (+6.7% YoY); gross profit $14.3M (-0.2%); gross margin 40.9% vs 43.7%.
Net loss $9.9M vs $5.2M loss in Q1 2023; includes $5.8M net mark-to-market loss on earn-out and warrants.
Adjusted Gross Profit $22.4M (+7.1%); Adjusted EBITDA $0.2M (-50% YoY).
Self-service revenue grew 60% YoY; AdTheorent Health revenue up 34.3%.
Average revenue per active customer increased 3.5% year-over-year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AdTheorent Holding Company, Inc. reported first quarter ended March 31, 2024 results: revenue Revenue was $34.9 million, net income Net loss was $9.9 million.

Period: first quarter ended March 31, 2024
Revenue: Revenue was $34.9 million
Net income: Net loss was $9.9 million
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Overview: • Revenue was $34.9 million, a 6.7% increase compared to $32.7 million in the first quarter of 2023.

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Source: SEC EDGAR

accession 0000950170-24-052112

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