Cxense ASA Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the First Quarter of 2018; Reports Impairment of Assets for the Third Quarter Ended September 30, 2017
November 14, 2017 at 01:45 am EST
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Cxense ASA reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of USD 5,764,000 against USD 6,317,000 a year ago. LBITDA of USD 3,634,000 against USD 1,871,000 a year ago. Net operating loss was USD 10,392,000 against USD 2,590,000 a year ago. Net loss before taxes was USD 11,015,000 against net profit before taxes of USD 925,000 a year ago. Net loss attributable to owners of the Company was USD 11,640,000 or USD 0.0014 per basic and diluted share against net profit attributable to owners of the company of USD 992,000 or USD 0.0001 per basic and diluted share a year ago. Net cash flow used in operating activities was USD 3,323,000 against USD 2,141,000 a year ago. Investment in furniture, fixtures and office machines was USD 95,000. Investment in intangible assets was USD 557,000 against USD 496,000 a year ago. LBITDA adjusted of USD 2,170,000 against USD 1,646,000 a year ago.
For the nine months, the company reported revenue of USD 17,410,000 against USD 18,910,000 a year ago. LBITDA of USD 11,117,000 against USD 5,154,000 a year ago. Net operating loss was USD 19,758,000 against USD 7,573,000 a year ago. Net loss before taxes was USD 22,110,000 against USD 4,720,000 a year ago. Net loss attributable to owners of the Company was USD 21,954,000 or USD 0.0027 per basic and diluted share against USD 4,550,000 or USD 0.0007 per basic and diluted share a year ago. Net cash flow used in operating activities was USD 11,342,000 against USD 5,916,000 a year ago. Investment in furniture, fixtures and office machines was USD 756,000. Investment in intangible assets was USD 1,571,000 against USD 1,488,000 a year ago.
For the quarter, the company reported impairment of assets of USD 5,621,000.
The company is on track to reach post restructuring target LBITDA for first quarter of 2018 of USD 0.5 million.
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 and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the First Quarter of 2018; Reports Impairment of Assets for the Third Quarter Ended September 30, 2017
CXENSE ASA 
