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Engagement Labs Reports Q1 2018 Results Year-over-year revenue growth of 24% and gross margin improves from 36% to 48% Montreal, QC – (May 30, 2018) – Engagement Labs (TSX VENTURE: EL) (OTCQB: ELBSF) released results for its first quarter ended March 31, 2018. The results are in line with the preliminary Q1 results released by the Company on April 27, 2018. Condensed interim consolidated Financial Statements and Management Report are available on SEDAR’s website at www.sedar.com. First Quarter Financial Highlights Revenue of $998,536 for Q1 2018 represents a 24% increase vs Q1 2017 ($805,820). Gross margin increased to 48% in Q1 2018, from 36% in Q1 2017. Operating expenses before extraordinary items increased 28% or $364,111 vs Q1 2017. The increase reflects management's commitment to invest in sales and marketing to drive TotalSocial\u00ae technology sales growth, including the hiring of a Chief Revenue Officer in late December. Non-GAAP Adjusted EBITDA loss of -$925,769 for Q1 2018, representing an improvement of $123,438 compared to -$1,049,207 for Q4 2017, and a decrease of $200,637 compared to -$725,132 for Q1 2017. Basic and diluted loss per share was ($0.01) for Q1 2018 compared to ($0.02) for Q1 2017. As at March 31, 2018, the Company had cash (excluding restricted cash) of $1,456,421, compared to $2,677,049 as of December 31, 2017. “Revenue growth is a key priority for Engagement Labs in 2018, and we began investing in Q4 to drive sales, including the hiring of a Chief Revenue Officer to build out our sales organization,” said Ed Keller, CEO of Engagement Labs. “I am therefore pleased to report the 24% revenue growth year-over-year, which I see as clear evidence that our TotalSocial product is gaining acceptance in the marketplace. Further, our clients span nine different vertical sectors, demonstrating its broad appeal.” Recently, Engagement Labs released an update on the performance of TotalSocial in the 18 months since its launch, including the fact that over CDN $7.3M in TotalSocial contracts have been signed with a diverse group of Fortune 500 companies and brands in nine sectors. |
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| aus der Diskussion: | ENGAGEMENT LABS - der kommende Riese im Social Media Marketing? |
| Autor (Datum des Eintrages): | Daku81 (30.05.18 16:00:39) |
| Beitrag: | 1,302 von 14,203 (ID:57868095) |
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