Telaria (TLRA) Misses Q1 EPS by 1c, Revenues Beat

Telaria (NYSE: TLRA) reported Q1 EPS of ($0.12), $0.01 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $9.6 million versus the consensus estimate of $9.28 million.

First Quarter 2018 Highlights:

• Revenue of $9.6 million, up 56% year-over-year
• Gross profit of $8.6 million, up 59% year-over-year
• Gross margin of 89%
• Adjusted EBITDA(1) of $(3.3) million, compared to $(6.7) million in the prior year period

“Our first quarter results represent a great start to the year. We drove significant year-over-year growth in both revenue and EBITDA, closing the quarter at the high end of our guidance,” said Mark Zagorski, Telaria CEO. “Our results validate the strategy we laid out two quarters ago when we launched Telaria, including investing in differentiated technology, focusing solely on premium partnerships and growing revenue contribution from CTV. We are excited for the quarters ahead and remain confident in our ability to achieve our long-term targets."

For earnings history and earnings-related data on Telaria (TLRA) click here.

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