YuMe (YUME) Reports In-Line Q1 EPS, Beats on Revenue

YuMe (NYSE: YUME) reported Q1 EPS of $0.03, in-line with the analyst estimate of $0.03. Revenue for the quarter came in at $36.5 million versus the consensus estimate of $35.9 million.

Financial highlights for first quarter 2017:

• Revenue of $36.5 million, compared to $39.2 million in the first quarter of 2016 (Q1 2016);
• Revenue from top 20 advertising customers of $20.3 million;
• Mobile, tablet and connected television impressions accounted for 57% of revenue;
• Programmatic revenue1 was $9.4 million;
• Gross margin of 52.3%, compared to 47.8% in Q1 2016;
• Net income of $1.2 million, or $0.03 per diluted share, compared to net loss of $3.6 million, or $0.10 per diluted share, in Q1 2016;
• Adjusted EBITDA2 of $4.3 million, compared to adjusted EBITDA of $0.5 million in Q1 2016;
• $68.5 million in cash, cash equivalents and marketable securities and no debt as of March 31, 2017.

Business Outlook

For the second quarter of 2017, the Company expects adjusted EBITDA in the range of $3.5 million to $6 million.

For earnings history and earnings-related data on YuMe (YUME) click here.

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