Tremor Video (TRMR) Misses Q2 EPS by 6c; Guides Falls Short

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Tremor Video Reports Second Quarter 2016 Financial Results

August 4, 2016 4:10 PM EDT

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 June 30, 2016.

Second Quarter 2016 Highlights:

Revenue of $37.1 million, down 12% year-over-year Total Spend1 of $54.7 million, up 19% year-over-year Gross profit of $17.2 million, down 4% year-over-year Net loss of ($5.9) million; net loss per share of ($0.11) Adjusted EBITDA2 of ($1.2) million Repurchased 177,980 shares during the quarter at an average price per share of $1.87... More