MaxPoint Interactive Announces Third Quarter 2016 Earnings Results

  • Launched Customer Catalyst™, a software-as-service product that matches, enriches and activates CRM lists across the full digital marketing stack
  • Launched the Company's first solution for in-store consumer pathing and insights, PathPoint
  • Continued strong execution against strategic plan for fiscal year 2016 and 2017 path to profitability

RALEIGH, N.C., Nov. 10, 2016 (GLOBE NEWSWIRE) -- MaxPoint (Nasdaq:MXPT), the company that helps manufacturers and retailers generate in-store sales with its innovative Digital Zip ® technology, today announced its financial results for the quarter ended September 30, 2016.

Financial Highlights:
  • Revenue of $37.4 million increased 4% in the third quarter of 2016, compared to $36.0 million for the third quarter of 2015.
  • Revenue ex-TAC 1 of $24.9 million increased 8% in the third quarter of 2016, compared to $23.0 million for the third quarter of 2015.
  • Net loss of $2.9 million in the third quarter of 2016 compared to a net loss of $4.8 million for the third quarter of 2015.
  • Adjusted EBITDA 1 of $0.9 million in the third quarter of 2016 compared to $(1.9) million for the third quarter of 2015.
  • Net loss per basic and diluted share of $0.44 in the third quarter of 2016 compared to $0.74 for the third quarter of 2015.
  • Non-GAAP net loss per basic and diluted share 1 of $0.29 in the third quarter of 2016 compared to $0.58 for the third quarter of 2015.

"We executed strongly against our strategic plans during the quarter and our third quarter results provide increased confidence in our ability to achieve adjusted EBITDA profitability in 2017," said Joe Epperson, MaxPoint's Co-founder and CEO. "We have a solid plan and continue to execute against our broader vision, launching two new products, Customer Catalyst and PathPoint, during the quarter. Customer Catalyst reimagines the standard CRM marketing model by accurately matching physical addresses to digital audiences and enhancing existing customer data with real-time purchase intent and location history. PathPoint, a groundbreaking solution for in-store consumer pathing and insights, enables retailers to be competitive with their ecommerce counterparts by providing that same level of customer pathing intelligence formerly exclusive to online retailers. These new products, and our third quarter results, further demonstrate MaxPoint's commitment to inspiring transformational changes in how our clients go to market and bring us one step closer to realizing our vision."

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