Viant Technology Q1 revenue $41.7M (-2% YoY), net loss narrows; Q2 guidance issued

Viant Technology Inc.

2023-Q1 EPS reported -$0.17 revenue$41,720,000

Revenue $41.7M (-2% YoY); gross profit $18.4M (+12%); net loss narrowed to $9.4M from $13.6M.
Adjusted EBITDA loss improved to $(0.4)M from $(3.9)M; contribution ex-TAC $28.0M (+2%).
Upsized credit facility to $75M from $40M and extended term five years.
Q2 2023 guidance: revenue $52-55M, contribution ex-TAC $32-34M, adjusted EBITDA $2-3M.
Cash $201.7M, no debt; active customers 327; spend per active customer up 6% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Viant Technology Inc. reported first quarter ended March 31, 2023 results: revenue $41.7 million, net income $2.5 million, EPS $(0.17) per diluted share. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $41.7 million
Net income: $2.5 million
EPS: $(0.17) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

market share and continue to capitalize on the secular shift to omnichannel programmatic advertising.” First quarter 2023 Financial Highlights, year-over-year: GAAP • Revenue of $41.7 million, a decrease of 2% • Gross profit of $18.4 million, an increase of 12% • Net loss was $9.4 million, compared to a net loss of $13.6 million in the first quarter of 2022 • Net loss

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Source: SEC EDGAR

accession 0001828791-23-000039

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