Whitman Howard - Rhythmone (RTHM) RhythmOne H1 trading statement/ inline with mgmt expectations/ focus on cash/ no

Report

Whitman Howard

Harvey Robinson

EUR 57.00 For Business Accounts Only

RhythmOne H1 trading statement/ inline with mgmt expectations/ focus on cash/ no

RhythmOne has issued a trading statement for H1 2018. Performance is in line with management expectations and revenues are expected to be $112-114m vs H12017 of $67m. These numbers are not LFL as they include Perk for the half and RadiumOne for a quarter. Gross profit margin was 38% which is up from last year and in line with my FY2018 expectations. The gross margins at Perk and RadiumOne are higher than old R1. Adj EBITDA is expected to be a profit of $1.5m -$2m.

17/10/2017 3 EN

Underlying

Rhythmone

Rhythmone PLC. RhythmOne plc, formerly blinkx plc, is an online advertising company that connects digital audiences with brands through content across devices. The Company is engaged in offering online advertising through a range of formats and pricing options that include video, mobile, social, display, native, text and media covering brand, and performance advertising campaigns, sold both directly and programmatically. The Company offers RhythmMax, which is an integrated programmatic trading platform. The RhythmMax platform offers a common point of access to RhythmOne inventory across owned, controlled and extended supply sources. The RhythmMax platform includes specialized brand safety technology, RhythmGuard, which combines third-party verification methodologies with filtering technology to ensure quality inventory. The Company works with advertisers, publishers and content providers to offer integrated, cross-screen advertising solutions.

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GB00BYW0RC64 United Kingdom

Provider

Whitman Howard

Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.

The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.

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Analysts

Harvey Robinson

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RhythmOne H1 trading statement/ inline with mgmt expectations/ focus on cash/ no

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

RHYTHMONE PLC TO TERMINATE ITS REGISTRATION OF SHARES UNDER THE U.S. SECURITIES EXCHANGE ACT OF 1934

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Actual Experience 2nd large scale deployment with 2nd Channel Partner

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