Tremor Video (TRMR) Misses Q1 EPS by 10c

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Tremor Video Reports First Quarter 2016 Financial Results

May 5, 2016 4:07 PM EDT

First quarter Total Spend increases 26% from prior year

NEW YORK--(BUSINESS WIRE)-- Tremor Video, Inc. (NYSE: TRMR), a provider of software for video ad effectiveness, today announced financial results for the quarter ended March 31, 2016.

First Quarter 2016 Highlights:

Total Spend1 of $51.2 million, up 26% year-over-year Revenue of $34.6 million, down 9% year-over-year Gross profit of $16.2 million, flat year-over-year Adjusted EBITDA2 of ($4.2) million; Adjusted EBITDA per share2 of ($0.08) Net loss of ($11.1) million; net loss per share of ($0.21)... More