Telaria (TLRA) Reports In-Line Q1 EPS, Revenues Beat; Offers Q2 & FY19 Revenue Guidance Above Consensus

Telaria (NYSE: TLRA) reported Q1 EPS of ($0.10), in-line with the analyst estimate of ($0.10). Revenue for the quarter came in at $13.6 million versus the consensus estimate of $11.82 million.

“The momentum that we saw last quarter continued into Q1, driven by our focus on expanding our CTV platform,” said Mark Zagorski, Telaria CEO. “Our results were strong and demonstrate the success we’ve had tapping into increased advertiser demand for CTV while expanding the supply of premium CTV inventory that is available programmatically via the Telaria platform. We continue to execute our strategy to build market-leading, proprietary CTV advertising technology and create brand safe, transparent, programmatic OTT advertising opportunities across all screens. And, as more consumers cut the cord and publishers embrace programmatic technology at an increasing pace, we continue to believe that ad-supported OTT has significant long-term growth potential.”

First Quarter 2019 Highlights:

• Revenue of $13.6 million, up 42% year-over-year
• Gross profit of $11.2 million, up 30% year-over-year
• Loss from continuing operations of $(4.3) million, compared to $(6.1) million in prior year
• Adjusted EBITDA(1) of $(2.4) million, compared to $(3.3) million in the prior year

GUIDANCE:

Telaria sees Q2 2019 revenue of $15.5-16.5 million, versus the consensus of $14.4 million.

Telaria sees FY2019 revenue of $66-70 million, versus the consensus of $65.15 million.

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

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