HARRYCAT
- 17 Mar 2017 14:07
From their own website:
Our mission is to enrich consumer experiences online by enabling access to content anytime, anywhere. To this end, RhythmOne connects audiences with premium content and advertising across the web. We work with advertisers, publishers and content providers to provide value through:
*Fully integrated advertising solutions, spanning desktop and mobile video, rich media, display, social and native formats.
*Cross-screen targeting - following audiences as they migrate across devices.
*Massive reach, delivered through our owned and operated channels, and quality distributed partners.
*Video content distribution that enhances web experiences for publishers and consumers.
The aim of RhythmOne is to streamline the campaign planning experience, making it a more consolidated and efficient process. By understanding the target audience, the advertising goal, and the spend amount, we can collaborate with brands to optimize the campaign and maximize ROI by using the appropriate formats across the appropriate screens.
https://www.rhythmone.com/
As of 14 April, 2015, Burst Media LLC was acquired by RhythmOne, LLC. Burst Media LLC offers online video advertising solutions to web publishers. The company offers multi-platform solutions in the areas of rich media, online video, social media, mobile, and sponsorships that connect brands with targeted and influential audiences through specialized content on various Websites and influencer blogs. It also markets AdConductor, an advertisement management platform to advertisement-supported businesses, such as advertisement networks, technology providers, portals, and individual Web sites. In addition, the company publishes Online Insights, a research series that highlights emerging trends in online media and ecommerce based on online surveys fielded across a collection of the company’s sites. Its solutions allow brands to leverage creative formats, social media, and content distribution channels to engage consumers across connected devices.
Subsidiaries include : ANYSTREAM, ADKARMA, LYFE MOBILE, ALL MEDIA NETWORK, PRIME VISIBILTY NETWORK Grp.

HARRYCAT
- 19 Mar 2017 12:54
- 2 of 32
The following is just for continuity as this thread is a little behind historically:
StockMarketWire.com 05/12/16
RhythmOne said that at a special meeting of the shareholders of Perk Inc. held on Jan. 12, the requisite majority voted in favour of RhythmOne acquiring all of the issued and outstanding common shares and class A restricted voting shares of Perk by way of a court-approved Plan of Arrangement.
"Further, a court hearing to approve the Plan of Arrangement took place on 16 January 2017," RhythmOne said in a statement.
"Following the satisfaction or waiver of all other closing conditions customary for transactions of this nature, it is anticipated that completion of the Acquisition will take place on 19 January 2017 immediately upon admission to trading of the 88,235,410 new RhythmOne ordinary shares, being the total consideration for the Acquisition.
"No shares are held in Treasury and accordingly, the total number of voting rights in the Company following the admittance of the new RhythmOne ordinary shares for the Acquisition and exercise of options pursuant to RhythmOne option schemes will be 494,224,203.
"This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, RhythmOne."
StockMarketWire.com 17/01/17
RhythmOne has agreed to acquire all of Perk's issued and outstanding Common and Class A Restricted voting shares and certain employee options in exchange for total consideration of about $42.5m in an all stock transaction that is expected to close in January 2017.
The deal accelerates the company's strategy to build a unified programmatic platform with unique audiences of uniform quality at scale.
Through Perk, RhythmOne gains access to a number of premium consumer mobile apps and web properties, adding exclusive inventory to the Company's supply side portfolio, as well as strategic demand relationships.
For the year ended December 31, 2015, Perk generated revenues of $49.3m and adjusted EBITDA of $8.4m. The Acquisition is expected to result in an upgrade to FY2017 revenues, and be accretive to RhythmOne in the first full year of ownership.
HARRYCAT
- 21 Mar 2017 10:00
- 3 of 32
N+1 Singer today reaffirms its buy investment rating on Rhythmone Plc (LON:RTHM) and set its price target at 65p.
HARRYCAT
- 07 Apr 2017 10:17
- 4 of 32
RhythmOne Achieves #1 Ranking on Pixalate's Global Seller Trust Index
London, England and San Francisco, CA. - 7 April 2017 - RhythmOne plc (LSE AIM: RTHM, "1R" or "the Company") today announces that it ranked #1 internationally and #2 in the US on Pixalate's February 2017 Global Seller Trust Index™ (GSTI). Pixalate, a global data intelligence platform and real-time fraud protection provider, publishes the GSTI as an independent rating standard for programmatic advertising, measuring inventory quality across such criteria as viewability, reach, validity of traffic types and malware.
RhythmOne's unified programmatic platform, RhythmMax, has been the primary growth driver for the Company since its launch two years ago and has expanded exponentially in transaction volume during that time period. According to comScore, a leading cross-platform measurement company, RhythmOne ranks as the #5 Display Ad platform by volume in the US (February 2017) and #12 Media Network (April 2017) as measured by Quantcast, a prominent data-intelligence platform. This volume growth has been coupled with a deep commitment to verification and brand safety across its platform - fueled by RhythmGuard, the Company's proprietary brand safety technology.
HARRYCAT
- 12 Apr 2017 10:12
- 5 of 32
StockMarketWire.com
RhthymOne said its FY revenue rose 5% to $175m, from $166.7m, with core revenue improving 28% to $149m, from $116m.
"The fundamental re-structuring of our business that we set in motion over two years ago is now complete," said CEO S. Brian Mukherjee.
"An accelerated return to profitability in each of the last three quarters clearly demonstrates achievement against our stated strategy and goals."
Mukherjee said RhthymOne entered its new financial year in a strong, competitive position, with a focused product portfolio that was aligned with key industry growth trends in a rapidly evolving market.
"The Company anticipates FY 2018 to be a period of Core revenue growth and profitability, through both organic efforts and scale acquisitions, as opportunities to consolidate the industry proliferate.
HARRYCAT
- 15 May 2017 10:32
- 6 of 32
London, England and San Francisco, CA - 15 May 2017 - RhythmOne plc (LSE AIM: RTHM, "Company" or "Group"), today reports audited results for the year ending 31 March 2017 ("FY2017" or "the Period").
· Completed transformational shift to Core mobile, video and programmatic products, resulting in a return to revenue growth and profitability5;
· Significant growth of Core mobile, video and programmatic products that has driven financial performance across key metrics:
- Total revenues1 of $175.4M, 85% from Core products (FY2016: $166.7M, 70%)
- Core product revenues up 28% to $149.0M (FY2016: $116.1M)
- Adjusted EBITDA4 improvement of $11.9M to $1.4M (FY2016: ($10.5M Loss)
· Strong half-on-half growth across key metrics:
- H2 2017 total revenues1 of $94.7M (H1 2017: $80.7M)
- H2 2017 adjusted EBITDA4 of $3.9M (H1 2017: ($2.5M Loss)
· Exited all Non-Core products - including sale of Prime Visibility Agency services business;
· Completed the acquisition of Perk Inc., a mobile-first supply side rewards, engagement and content platform, enhancing the Company's base of unique, engaged audiences;
· Invested approximately $5M in product development and capital expenses to strengthen and improve Core product lines;
· Continued cost discipline, with Operating Expense from Continuing Operations before exceptional costs during the Period of $ $60.6 (FY2016: $73.4M), a decrease of more than 18%, or $12.8M over the previous year; and
· Ended the Period with a strong, debt-free balance sheet with over $75.2M in cash and cash equivalents, and marketable securities.
· RhythmOne platform now ranks #1 internationally and #2 in the US in quality as measured by Pixalate (February 2017), and #5 in volume as measured by comScore (February 2017), featuring within the top 5% of the competitive set.
· Core opportunity volume and price grew by 87% and 69% year-on-year, respectively;
· Expanded into 15 new international markets, which collectively represent approximately 10% of Core programmatic revenues in the Fourth Quarter;
· Enhanced proprietary brand safety technology ("RhythmGuard") through integrations with leading traffic quality partners, including Grapeshot, WhiteOps, Integral Ad Science, DoubleVerify and Moat, and ad quality partners, The Media Trust and RiskIQ;
· Added 29 programmatic demand side partners, including marquee platforms such as AppNexus, Drawbridge and Opera Mediaworks;
· Expanded programmatic supply relationships - adding 18 new partners including AppNexus, FreeWheel, MobFox, SwitchConcepts and Teads;
· Forged or expanded direct relationships with major brands such as Honda, Nestle, Marzetti, Ford, Chipotle, McDonalds, US Air Force, DropBox, Square Inc., Delta Faucets, Ocean Spray, Vistaprint, Mai Jim, JetBlue, Whole Foods, Exxon Mobile, Autozone, ADP, Black & Decker and Capella University;
· Signed over 450 publisher partners, including Lifebuzz, Arkadium, Krush, Cheetah mobile, Comicbook.com, Spanishdictionary.com, Daily Motion and Twitch; and
· Integrated Perk's mobile apps and websites into the RhythmMax platform, enabling programmatic demand partners to access Perk's engaged user base.
Commenting on the results, S. Brian Mukherjee, CEO of RhythmOne, said:
"The fundamental re-structuring of our business that we set in motion over two years ago is now complete. We are delighted to report the achievement of our objectives for the year, marking a dramatic shift in the revenue, product and cost profile of the Company. Driven by programmatic growth, Core products now represent 85% of total revenues1, compared with 70% in FY2016. During the Period, the Company took critical steps to definitively exit all remaining Non-Core product lines that are no longer considered strategic to future growth. The exit of Non-Core products is expected to eliminate the volatility associated with falling and unpredictable revenue streams and, on a go forward basis, aligns Company resources and initiatives with dominant industry growth trends.
RhythmOne has grown into a significant, recognized digital advertising platform with massive scale, cutting edge technology and quality, differentiated supply. Based on current revenue dynamics, we expect our unified programmatic platform, RhythmMax, to be the principal driver of future Company growth. The platform now ranks #1 internationally and #2 in the US in quality according to Pixalate, Inc. and #5 in volume according to comScore, Inc. We are proud to have built and scaled what we believe is an industry-leading platform.
The significant steps we took in FY2017 to realign the business around our Core capabilities and achieve operational efficiency have set the stage for higher quality topline growth and continued profitability5 in the coming Financial Year. In the Company's audited FY2017 financial statements, Core revenue is revenue from Continuing Operations, while Non-Core revenue is revenue from Discontinued Operations. The Company anticipates FY2018 to be a period of continued expansion, through both organic efforts and scale acquisitions, as opportunities to consolidate the industry proliferate."
HARRYCAT
- 15 Jun 2017 11:05
- 7 of 32
CAPITAL REDUCTION
RhythmOne Plc has announced that at its Annual General Meeting to be held on 27 June 2017 it will seek Shareholder approval for a Capital Reduction.
The Company proposes to implement the Capital Reduction by way of a capitalisation of the entire amount standing to the credit of the Company’s merger reserve via a Bonus Issue and subsequent cancellation of the resulting Deferred Shares of GBP0.01 in the capital of the Company (the Bonus Issue Capital Reduction); and a cancellation of the entire amount standing to the credit of the Company’s Share Premium Account (the Share Premium Capital Reduction).
The Capital Reduction, if approved by the Shareholders and confirmed by the High Court, will create additional distributable reserves of approximately GBP142,825,734. The creation of this distributable reserve will afford the Company more flexibility to make distributions to its Shareholders, if thought fit by the Directors.
HARRYCAT
- 27 Jun 2017 08:07
- 8 of 32
StockMarketWire.com
RhythmOne has acquired certain assets of RadiumOne Inc, a data-driven marketing platform. It also confirmed President Edward Hastings would succeed Subhransu Mukherjee as CEO, effective 19 July 2017.
The company said the RadiumOne transaction was signed and closed after market hours on 26 June 2017.
The acquisition accelerated the company's strategy to build a unified programmatic platform with unique audiences of uniform quality at scale.
Through RadiumOne, 1R gained access to a leading data driven marketing platform, unique consumer insights, audience segmentation and targeting technology, and premium demand relationships, which were expected to impact positively both pricing and fill rates on the 1R platform.
HARRYCAT
- 10 Jul 2017 09:47
- 9 of 32
Terms: The Capital Reduction will be implemented by way of a capitalisation of the entire amount standing to the credit of the Company’s merger reserve via a Bonus Issue and subsequent cancellation of the resulting Deferred Shares of GBP0.01 in the capital of the Company (the Bonus Issue Capital Reduction); and a cancellation of the entire amount standing to the credit of the Company’s Share Premium Account (the Share Premium Capital Reduction).
HARRYCAT
- 25 Jul 2017 12:18
- 10 of 32
London, England and San Francisco, CA - 25 July 2017 - RhythmOne plc today announces that it is among the first to participate in Google's open beta DoubleClick Exchange Bidding (EB) program. Through the integration, RhythmOne will provide additional demand from its premium partners to hundreds of DoubleClick For Publishers (DFP) clients.
Pursuing integration with DoubleClick EB reflects RhythmOne's commitment to actively promote and participate in a competitive digital ecosystem that provides maximum monetization opportunities to web publishers and app developers. The integration allows publishers using DFP to permit RhythmOne to submit real-time bids for their supply using industry-standard RTB calls. The bids submitted by RhythmOne will be considered alongside those from the DoubleClick AdX, the publisher's reserved campaigns, and other EB partners to pick the highest-priced bid.
"RhythmOne's focus is to maximize demand for publishers' inventory." said Karim Rayes, Vice President, Publisher Development at RhythmOne, "Our integration with DoubleClick EB is another component of this commitment and allows us to provide publishers access via open-auction to our high-quality demand - giving them another monetization source to increase their yield and price on inventory."
"We're happy to welcome RhythmOne into Exchange Bidding." said Sam Cox, Group Product Manager, DoubleClick. "Exchange Bidding allows publishers to maximize demand for all of their inventory by bringing together real-time pricing from all of their demand sources into a unified auction in the ad server." Through the integration with Google's DoubleClick EB, DFP clients will get access to demand from RhythmOne's premium partners that are part of its demand network.
Publishers can now enable access to RhythmOne demand through the DFP platform
HARRYCAT
- 08 Aug 2017 14:17
- 11 of 32
REDUCTION OF CAPITAL
RhythmOne plc has announced that the Reduction of Capital was, on 26 July 2017, approved by the High Court of Justice of England and Wales. The Court Order approving the Reduction of Capital has now been registered with the Registrar of Companies and accordingly the Reduction of Capital has now become effective.
The amount standing to the credit of the Company’s Share Premium account has been cancelled and the Reduction of Capital has created distributable reserves of approximately GBP142,825,734. The creation of this distributable reserve as result of the Reduction of Capital will afford the Company more flexibility to make distributions to its Shareholders, if thought fit by the Directors.
The Reduction of Capital is a legal and accounting adjustment and is not expected to have any direct impact on the market value of the Ordinary Shares of the Company, or the number of Ordinary Shares in issue
HARRYCAT
- 23 Aug 2017 12:48
- 12 of 32
Rumours of a merger of some kind floating around the ether.
HARRYCAT
- 04 Sep 2017 12:02
- 13 of 32
Statement Re: Press Speculation
London, England and San Francisco, CA. - 23 August 2017 - RhythmOne plc ("RhythmOne" or the "Company", LSE AIM: RTHM) notes the recent press speculation and confirms that it is in discussions regarding the potential acquisition of YuMe Inc. Given the nature of the discussions, there can be no certainty that any transaction will proceed.
A further announcement will be made in due course if and when appropriate.
HARRYCAT
- 05 Sep 2017 08:02
- 14 of 32
StockMarketWire.com
RhythmOne entered a definitive agreement with YuMe, a publicly-traded company listed on the New York Stock Exchange, to acquire the company for approximately $185m based on current exchange rates for cash and shares.
The approximately $185m total consideration is based on 34.7 million shares in YuMe in issue as at 31 August 2017 (being the latest practicable date prior to the publication of this announcement).
The acquisition is expected to close in the first calendar quarter of 2018.
Strategically, the company believes the acquisition will result in a combined entity with a complete end-to-end platform in one of the fastest growing segments of the industry, with the resources, relationships and talent to drive earnings growth both organically and through other potential acquisitions.
The company will hold a general meeting on 25 September 2017 to: (i) approve a consolidation of its share capital; and (ii) grant the directors of the company authority to issue shares as part consideration for the acquisition.
A circular (containing a notice convening the General Meeting) is expected to be posted to the shareholders of the company on 7 September 2017.
HARRYCAT
- 05 Sep 2017 11:58
- 15 of 32
Singer comment today:
"YUME is a significant scale demand side platform (DSP) focused on video and with strong brand/agency relationships. It also has a position in the connected TV market that looks set to grow. Aside from the immediate cost synergies (savings $10 to 11m in FY19) RTHM will be looking to sell more of its inventory through YUME boosting returns further. The RTHM programmatic platform and international offering support this. Provided the transaction is completed by end of FY18 (target closing is calendar Q1) we expect combined revenues to reach c$500m in FY19 making RTHM one of the largest players. Based on synergies and market expectations for YUME, RTHM is acquiring the business on a c7.5x FY19 pre-synergy EBITDA multiple or c5x including synergies. This looks another very strong deal for RTHM that not only adds scale but also increases exposure to the demand side and video."
T110Mikey
- 06 Sep 2017 08:50
- 16 of 32
Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.
The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them
MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2
HARRYCAT
- 26 Sep 2017 09:48
- 17 of 32
Up 900%....can't be bad!!! ;o)
HARRYCAT
- 26 Sep 2017 10:13
- 18 of 32
Numis today reaffirms its buy investment rating on RhythmOne PLC (LON:RTHM) and set its price target at 720p.
HARRYCAT
- 10 Oct 2017 09:53
- 19 of 32
London, England and San Francisco, CA - 10 October 2017 - RhythmOne plc (LSE AIM: RTHM, "Company" or "1R"), an advertising technology company that provides streamlined, transparent connections between advertisers and audiences through a combination of differentiated supply, innovative technology and data-driven insights, today announces that it has maintained a #1 US ranking on Pixalate's Global Seller Trust Index™ (GSTI) for the fifth consecutive month. RhythmOne has ranked in the top two internationally during the same time period.
Pixalate, a global data intelligence platform and real-time fraud protection provider, publishes the GSTI as an independent rating standard for programmatic advertising, measuring inventory quality across such criteria as viewability, reach, validity of traffic types and malware.
The consistent achievement of these industry-leading rankings is the result of continuous innovation within RhythmGuard, the Company's proprietary brand safety technology that is built into its unified programmatic marketplace. RhythmGuard rigorously screens all inventory, eliminating suspicious or underperforming traffic pre-bid. It does this by leveraging supply-side block lists and traffic scoring algorithms built from first- and third-party verification data. In addition, RhythmGuard monitors and filters traffic post-bid, providing creative and domain-level verification. As its programmatic platform continues to grow, RhythmOne is committed to maintaining a leadership role in defining and representing emerging ad quality standards and requirements.
"Ranking at the top of Pixalate's GSTI is a strong demonstration of our commitment and dedication to maintaining the highest levels of inventory quality," said Bhaskar Ballapragada, Head of Product at RhythmOne. "Transparency is the key to trust, and we've invested in the tools, technology and intelligence that enable us to lead in these efforts and demonstrate material value-add to our demand relationships."
HARRYCAT
- 17 Oct 2017 10:45
- 20 of 32
London, England and San Francisco, CA. - 17 October 2017 - RhythmOne plc ("RhythmOne" or the "Company") today provides a preliminary update on its expected performance for the half year ended 30 September 2017 ("H12018" or "the Period"). This update is based on unaudited, pre-close figures that may be subject to change.
Financials
During the Period, RhythmOne successfully executed against three key objectives it set forth at the start of the financial year:
· Growth of programmatic platform revenues;
· Integration of recent acquisitions, with performance in line with management plan;
· Continued profitability on an adjusted1 EBITDA basis.
Performance for H12018 is expected to be in line with management expectations across key metrics, as follows:
· Revenues of $112-114M (H12017 revenues from continuing operations: $67M), driven by programmatic platform growth;
· Gross profit margin of approximately 38.0% (H12017 gross profit margin of 35.4% from continuing operations);
· Adjusted1 EBITDA of $1.5-2.0M (H12017 Adjusted1 EBITDA loss: ($2.6M)).
The Company expects cash on hand and marketable securities to total approximately $37M as at 30 September 2017. This includes net cash used of c.$20M relating to the RadiumOne acquisition cash consideration and working capital, c.$7M used in broader group operating activities to fund a first half working capital investment - driven by increased revenues and in line with normal seasonal working capital trends, c.$6M in exceptional charges related to acquisition and restructuring charges and c.$5M in capitalized development and capital expenditures as a result of continued investment in infrastructure and platforms of the newly combined entities. The Company expects to recover a majority of the first half working capital investment and also anticipates to realize the benefit of c.$5M of the acquired RadiumOne working capital in the second half of the financial year.
Operations
During the Period, RhythmOne continued to build and scale its industry leading programmatic platform, which now serves as the Company's principal growth engine and infrastructure to integrate acquisitions - on both supply and demand sides of the value chain.
Across the business, H12018 saw a significant rise in volume of 124% year-on-year, coupled with an as-expected, corresponding drop in fill rate, in line with rapid volume growth. During the Period, inventory also saw a strong year-on-year increase in pricing of 74%, driven by monetization of high-value, high-impact and high-margin video and rich media inventory, and the packaging of premium inventory through turnkey private marketplaces - with substantial data and quality (brand safety) overlays.
Acquisitions
The integration of Perk, Inc. has served to enhance RhythmOne's differentiated audience offering - available to programmatic demand partners through the Company's unified platform. In addition, the integration of RadiumOne, Inc. is on track.
With respect to RhythmOne's release on 5 September 2017, announcing its definitive agreement to acquire YuMe, Inc, the Company remains on track to close the transaction in calendar Q1 2018. The YuMe acquisition is expected to accelerate the Company's strategy to build a unified programmatic platform with unique audiences of differentiated quality at scale.
Outlook
"We are pleased to have demonstrated achievement against our management targets - in terms of both revenue growth and demonstrated profitability," said Ted Hastings, CEO of RhythmOne. "Based upon current revenue dynamics, we expect our unified programmatic platform to be the principal driver of our future growth. We are proud to have built and scaled an industry-leading programmatic platform that ranks #1 in the US and #2 internationally in quality (Pixalate) and #4 in size (ComScore), reinforcing RhythmOne's position as an established ad-tech competitor with significant scale, cutting edge technology and high quality inventory. We are intensely focused on driving further efficiency in the business and our goal remains sustained profitability."
HARRYCAT
- 18 Oct 2017 10:17
- 21 of 32
Citigroup today reaffirms its neutral investment rating on RhythmOne PLC (LON:RTHM) and set its price target at 330p.
HARRYCAT
- 25 Oct 2017 08:37
- 22 of 32
StockMarketWire.com
RhythmOne has announced details of its platform-level integration with Grapeshot, a software company that uses probability algorithms to improve brand safety and better target advertising campaigns.
Grapeshot's data, which is integrated into RhythmOne's programmatic platform, gives RhythmOne the ability to effectively filter content that brands would consider to be objectionable.
"As Grapeshot's service servers are co-located in RhythmOne's data centers, brand safety checks first happen at bid-request in real-time, thus ensuring that questionable content won't even enter the RhythmOne ecosystem," RhythmOne said.
"Also, due to this co-location, the RhythmOne-Grapeshot integration makes it easier for all previously un-scored sites to be crawled and scored as soon as they enter the ecosystem, thus ensuring that newer sites do not lose out on potential revenue."
HARRYCAT
- 31 Oct 2017 09:47
- 23 of 32
NOTICE OF RESULTS
London, England and San Francisco, CA. - 31 October 2017 - RhythmOne plc ("RhythmOne" or the "Company") announces that it will release interim results for the six months ended 30 September 2017 on Monday 4th December 2017.
The Company notes the recent weakness in its share price and confirms that it is not aware of any developments since the release of its Trading Update on 17th October 2017 that would change the outlook contained in that statement.
HARRYCAT
- 09 Nov 2017 11:14
- 24 of 32
StockMarketWire.com
RhythmOne has secured a senior revolving credit facility with Silicon Valley Bank which will provide it with up to $25 million of capital at close.
The funds are designed to provide cash resources to support future strategic initiatives and general corporate purposes.
HARRYCAT
- 04 Dec 2017 10:57
- 25 of 32
StockMarketWire.com
RhythmOne said first-half losses narrowed after pricing increases helped boost revenue.
The company booked a net loss of $8.24m, narrowing from a $10.90m loss in the previous corresponding period.
Revenue from continuing operations jumped 72% to $114.5m, while the company boosted adjusted Ebitda of $3.1m, swinging from a loss the year before.
"We are pleased to have achieved our management targets for the first half, chief executive Edward Hastings said.
"During the Period, the company remained focused on advancing key strategic and financial objectives that included integration of recent acquisitions, continued growth of programmatic platform revenues and a return to profitability on an adjusted EBITDA basis."
Based upon current revenue dynamics, we expect our unified programmatic platform to be the principal driver of ongoing growth and are encouraged by strong gains across key performance indicators within the business."
HARRYCAT
- 21 Dec 2017 16:37
- 26 of 32
StockMarketWire.com
RhythmOne, a digital advertising technology company, has made an application for the admission of an additional 1,660,569 ordinary shares of 10p each to trading on AIM.
It follows the release of part of the deferred consideration payment to RadiumOne, first announced on 27 June 2017.
The shares are subject to a lock-up until 26 June 2018, subject to customary exceptions and will rank pari passu in all respects with the existing ordinary shares of the company.
Following the admission, the total issued share capital of the company will be 51,235,968 ordinary shares of 10p per share, each with one voting right.
HARRYCAT
- 05 Jan 2018 10:56
- 27 of 32
StockMarketWire.com
RhythmOne has commenced an exchange offer for shares in YuMe as part of its $185m acquisition of the digital video advertiser announced in September.
YuMe stockholders would receive $1.70 in cash and 0.7325 RhythmOne shares for each YuMe share.
The acquisition is expected to close in the first quarter of 2018, RhythmOne said.
HARRYCAT
- 02 Feb 2018 10:07
- 28 of 32
StockMarketWire.com
RhythmOne said its performance in the third quarter was in line with management expectations, with revenue and adjusted earnings rising on-year.
The company also confirmed that it had completed its acquisition of YuMe following the deal's first announcement in September.
HARRYCAT
- 19 Apr 2018 10:19
- 29 of 32
StockMarketWire.com
RhythmOne has estimated that its revenue for full year ended 31 March 2018 increased by 71% to $255m.
Adjusted EBITDA rose by 900% to $14m.
Growth was led primarily by on-platform programmatic revenue growth, which saw an increase of approximately 13% year-on-year.
During the fourth quarter of the period, the company completed its acquisition of YuMe, gaining access to premium video and connected TV inventory, unique audience data and cross-screen targeting technology.
The company expects net cash on hand to total approximately $26m as at 31 March 2018. This estimate includes the impact of the $26m acquisition consideration payment for the YuMe transaction.
Ted Hastings, CEO of RhythmOne, said: "We are pleased with our results for the year, and the progress we have made against our targets in terms of revenue growth, profitability and product integration. We believe we are well-positioned to deliver a further strong performance in FY2019 - fully in line with current consensus estimates in market - as we realise the full contribution of the YuMe acquisition.
"We anticipate that our programmatic platform will continue to serve as the company's principal strategic growth driver, reinforced by video and Connected TV leadership, unique audience data and a commitment to quality and brand safety in our marketplace. Further, we will maintain strong cost discipline, driving efficiency within the company with the aim of sustained profitability and value generation for shareholders."
HARRYCAT
- 29 May 2018 13:05
- 30 of 32
StockMarketWire.com
Digital advertising group RhythmOne said Ted Hastings had stepped down as chief executive less than a year after taking the reins.
Hastings, who had been CEO since last June, had left to 'pursue entrepreneurial opportunities', the company said.
He had been replaced by Mark Bonney, who had most recently served as CEO of communications equipment and services provider MRV Communications
HARRYCAT
- 20 Nov 2018 09:46
- 31 of 32
StockMarketWire.com
Advertising technology company RhythmOne said it had formed an early collaborative partnership with Pixalate.
The coupling would involve RhythmOne integrating Pixalate's traffic-detection and filtration technology into its platform offering.
The Pixalate solution would work in conjunction with RhythmOne's own brand safety technology.
HARRYCAT
- 03 Dec 2018 11:28
- 32 of 32
StockMarketWire.com
Advertising technology company RhythmOne said it had formed a partnership with location-driven insights group Place.
RhythmOne would offer Placed's clients with a new measurement solution that quantified the impact of digital and linear TV campaigns in driving consumers to retail stores.
It would integrate Placed's TV measurement solution, which leveraged in-store attribution data to match linear TV ad exposure with desktop, mobile, and connected TV ad exposures.