Customer ConcentrationCustomer concentration a concern: In terms of the top customers, spending from TELUS and Google grew 22% and 31%, respectively, while their large social media client spend appears to have fallen sharply.
Gross MarginGross margin was very low at 19%, significantly lower than the four-year low of 21.3%.
Revenue PerformanceRevenue growth excluding top two clients deteriorated to -12% year over year.