An update from Adslot Ltd ( (AU:ADS) ) is now available.
Adslot Ltd reported significant progress in activating its StoreFront digital advertising sales solution with major media organizations like Hearst Media, Rakuten Viber, and Bloomberg, with first trades expected in May. The company also signed a contract with Goldvertise, a leading provider of online video and CTV in Europe, further expanding its reach. Despite a 35% reduction in Quarterly Monetised Transaction Value due to seasonality, Adslot maintained a positive net operating cash flow and continued cost reduction efforts, enhancing its financial stability and positioning in the digital advertising market.
More about Adslot Ltd
Adslot Ltd operates in the digital advertising industry, providing automated systems for media organizations to sell digital advertising inventory. Their primary products include the Adslot Media Platform and StoreFront, which facilitate seamless trading of digital ad inventory and audience targeting. The company focuses on key markets such as the UK, USA, and Australia.
Current Market Cap: A$5.43M
See more insights into ADS stock on TipRanks’ Stock Analysis page.