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iClick Interactive Asia reports Q3 EPS (10c), consensus ($1.34)
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iClick Interactive Asia reports Q3 EPS (10c), consensus ($1.34)

Reports Q revenue $41.03M, consensus $38.65M. As of September 30 the Company had cash and cash equivalents, time deposits and restricted cash of $99.9M, compared with $88.7M as of December 31, 2021. Jian "T.J." Tang, Chairman, CEO and Co-Founder of iClick, said, "The Company has maintained a prudent cash position in order to operate in this volatile macro environment and embrace opportunities for potential economic recovery. In the Q3 of 2022, the Company recorded sequential growth in its total revenue with Marketing Solutions revenue increasing slightly and Enterprise Solutions revenue growing by 16% quarter-over-quarter. Our core teams and products remain intact, and we continue to strengthen our capabilities in offering valuable services to our clients. We remain confident that strong demand for digital transformation and online advertising will resume as China’s economy continues to grow."

Published first on TheFly

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