Magnetizing Stock: iClick Interactive Asia Group Limited (NASDAQ:ICLK)

iClick Interactive Asia Group Limited (ICLK) just recently reported unaudited financial outcomes for the 2nd quarter ended June 30, 2019.

On 09 Sep 2019, shares of iClick Interactive Asia Group Limited (NASDAQ: ICLK) plunged/surged -3.86% in trading session and finally closed at $2.9900. The company latest volume stood at 80,936 shares as compared to typical volume of 57,137 shares. Over the one year trading duration, the stock has a high cost of $5.9000 and its low cost is recorded at $2.7200.

2nd Quarter 2019 Results:
Income for the second quarter of 2019 grew to US$ 49.3 M, up 16% from US$ 42.7 M for the exact same duration last year, attributable to the increase in contributions from existing marketing solutions and the Companys brand-new business solutions, which was released in January 2019, partly offset by devaluation of the Renminbi versus the US dollar by 7% contrast with the second quarter of 2018. On a currency-neutral basis, the revenue increased 24% at US$ 52.8 M for the second quarter of 2019 contrast with the exact same duration in 2015.
Income from marketing options grew to US$ 46.6 M for the second quarter of 2019, up 9% from US$ 42.7 M for the 2nd quarter of 2018, primarily as the outcome of growing market demand from online marketers. On a currency-neutral basis, the earnings increased 17% at US$ 49.9 M for the 2nd quarter of 2019 contrast with the very same duration last year.
Earnings from business solutions was US$ 2.8 M for the 2nd quarter of 2019.
Gross profit for the quarter ended June 30, 2019 increased 37% to US$ 13.6 M, contrast with US$ 9.9 M for the quarter ended June 30, 2018, generally Because of improvements in gross revenue margin from the Companys marketing options, and contribution from greater margin enterprise solutions.
Total business expenses were US$ 16.0 M for the second quarter of 2019, contrast with US$ 11.1 M for the 2nd quarter of 2018, mainly attributable to the costs incurred for brand-new business advancement, which resulted in a raise in personnel cost and marketing activities. We also supplied higher rewards for sales workers for their contribution to our continuous business growth.
Running loss was US$ 2.4 M for the 2nd quarter of 2019, contrast with an operating loss of US$ 1.2 M for the prior-year duration, as a result of higher costs sustained for new company development and more rewards for sales personnel.
Bottom line amounted to US$ 3.2 M for the 2019 2nd quarter, contrast with US$ 2.6 M for the 2018 second quarter, as an outcome of the fair value losses on convertible notes of US$ 1.0 M in the 2nd quarter of 2019, partially offset by the decrease of exchange loss by US$ 0.8 M.
Net loss attributable to the Companys investors per standard and diluted ADS was US$ 0.06, contrast with a net loss per standard and diluted ADS of US$ 0.05 for the 2nd quarter of 2018.
Changed EBITDA for the second quarter of 2019 was fairly steady at US$ 840,000, contrast with US$ 851,000 for the 2nd quarter of 2018, arising from the boost in gross profit however partially offset by more business expenses as gone over above. For a reconciliation of the Companys changed EBITDA to bottom line, its most equivalent GAAP measure, please refer to “Unaudited Reconciliations of GAAP and Non-GAAP Results.”
Adjusted net loss attributable to the Companys investors, which omits, to name a few, share-based payment expenses, reasonable value losses on convertible notes, and other gains for the 2019 second quarter remained steady at US$ 1.1 M. For a reconciliation of the Companys adjusted net loss to net loss, its most equivalent GAAP measure, please refer to “Unaudited Reconciliations of GAAP and Non-GAAP Results.”
Gross billing2 grew to US$ 140.9 M for the 2nd quarter ended June 30, 2019, up 34% from US$ 105.4 M in the same period last year. The increase is mostly an outcome of increasing marketer demand, partly balanced out by depreciation of the Renminbi versus the US dollar by 7% contrast with a year ago. The gross billing increased 43% on a currency-neutral basis at US$ 150.6 M for the second quarter of 2019 contrast with a year earlier.
As of June 30, 2019, the Company had cash and money equivalents of US$ 41.9 M, contrast with $39.8 M since December 31, 2018. Restricted cash and time deposit amounted to US$ 9.6 M and US$ 0.2 M respectively, contrast with US$ nil at December 31, 2018.
ICLK its monthly performance is -18.53% and a quarterly performance of -18.75%. The stock rate is trading downbeat from its 200 days moving typical with -24.06% and down from 50 days moving average with -13.99%.

On 09 Sep 2019, shares of iClick Interactive Asia Group Limited (NASDAQ: ICLK) plunged/surged -3.86% in trading session and lastly closed at $2.9900. Gross billing2 grew to US$ 140.9 M for the second quarter ended June 30, 2019, up 34% from US$ 105.4 M in the very same period last year. The increase is mostly an outcome of increasing online marketer demand, partly balanced out by devaluation of the Renminbi versus the United States dollar by 7% contrast with a year ago. The gross billing increased 43% on a currency-neutral basis at US$ 150.6 M for the 2nd quarter of 2019 contrast with a year back.

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