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illumin Holdings ( (TSE:ILLM) ) has provided an announcement.
illumin Holdings reported a 5% year-over-year increase in third-quarter revenue to $38.2 million, driven by significant growth in Exchange service revenue. Despite a decrease in Managed service revenue due to market uncertainty, the company onboarded 23 new Self service clients, positioning itself for long-term growth. The company is shifting towards a scalable, technology-led revenue model with a focus on cash flow generation, appointing a new Chief Revenue Officer to aid in this transition. While facing challenges in Managed service, illumin is committed to platform innovation and sales execution to scale its Exchange and Self service offerings.
The most recent analyst rating on (TSE:ILLM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on illumin Holdings stock, see the TSE:ILLM Stock Forecast page.
Spark’s Take on TSE:ILLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:ILLM is a Neutral.
The overall stock score reflects significant challenges in financial performance and technical analysis. The company’s profitability and cash flow issues, combined with bearish technical indicators, weigh heavily on the score. Valuation concerns further contribute to a lower overall assessment.
To see Spark’s full report on TSE:ILLM stock, click here.
More about illumin Holdings
illumin Holdings Inc. is a leader in digital advertising technology, empowering marketers to make smarter decisions about communicating with online consumers. The company focuses on providing an integrated outcomes-based platform in Exchange and Self service, supported by Managed service, to meet growing industry demand.
Average Trading Volume: 92,315
Technical Sentiment Signal: Sell
Current Market Cap: C$56.77M
Find detailed analytics on ILLM stock on TipRanks’ Stock Analysis page.