Telaria (TLRA) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 Revenue Outlook

Telaria (NYSE: TLRA) reported Q3 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $13.5 million versus the consensus estimate of $13.13 million.

“Since pre-announcing our results last month, we have taken several major steps to regain our momentum,” said Mark Zagorski, Telaria CEO. “We restructured and expanded our sales organization, adding Adam Lowy, a CTV industry pioneer who led advanced TV at Dish’s SlingTV, as our Chief Commercial Officer, and further built out the team with key sales hires. We also added Doug Knopper, the former co-founder and Co-CEO of Freewheel, to our Board of Directors. These additions underscore the enthusiasm for our core strategy. We are well poised to capitalize on the growing market opportunity in programmatic video as linear and connected TV converge.”

GUIDANCE:

Telaria sees FY2018 revenue of $50-52 million, versus the consensus of $50.89 million.

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

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