Cxense ASA Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2018; Reports Impairment of Assets for the Third Quarter Ended September 30, 2018; Provides Sales Guidance for the Fourth Quarter of 2018
November 09, 2018 at 02:22 pm EST
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Cxense ASA reported unaudited consolidated earnings results for the third quarter ended September 30, 2018. For the quarter, the company reported revenue of USD 5,070,000 against USD 5,056,000 a year ago. Net operating loss was USD 1,984,000 against USD 10,322,000 a year ago. Total net loss for the period from total operations was USD 2,440,000 or USD 0.0003 per basic share against USD 11,684,000 or USD 0.0014 per basic and diluted share a year ago. Net loss attributable to owners of the company was USD 2,406,000 against USD 11,640,000 a year ago. Basic loss per share from continuing operations was USD 0.0003 compared to USD 0.0014 a year ago.
For the quarter, the company reported negative impairment of assets of USD 12,000.
The company also provided sales guidance for the fourth quarter of 2018. For the quarter, the company expects positive outlook for new sales.
Cxense ASA is a Norway-based company engaged in software development. It develops Cxense Extraordinary Insight Engine (EIE), a software as a service (SaaS) suite for online content management, designed for media houses, publishers, advertising agencies and other corporate clients. Additionally, the Company provides cloud-based standalone solutions which can also complement the EIE: Cxense Advertising, a solution enabling targeted digital advertising; Cxense Analytics, which offers real-time monitoring of audience and website analytics; Cxense Content, providing personalized content recommendations; Cxense DMP, which enables publishers to aggregate, segment and auction user data to engage and monetize the audience; and Xsense Search, providing personalized search results and suggestions based on history, context and similar searches. The Company operates in Denmark, Sweden, the United Kingdom, Japan, Argentina, Brazil, and the United States.
Cxense ASA Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2018; Reports Impairment of Assets for the Third Quarter Ended September 30, 2018; Provides Sales Guidance for the Fourth Quarter of 2018