The earnings call reflects strong revenue growth across all business segments, particularly in illumin self-service and programmatic revenue, alongside a significant increase in adjusted EBITDA. However, the company faced challenges with a net loss for the quarter and increased operating expenses, despite a decrease in cash reserves. The positive revenue trends and strategic initiatives indicate an optimistic outlook for future growth, though financial challenges remain.
Company Guidance
During the third quarter 2024 earnings call for ILLM.TO, the company reported a record total revenue of $36.3 million, marking a 23% increase on a year-over-year basis. The illumin self-service business was a significant contributor, with revenue reaching $8.4 million—a 64% rise from Q3 2023—and representing 23% of the total company revenue. Programmatic revenue also grew by 39%, while managed services revenue saw a 3% increase, marking the first year-over-year growth for managed services in over a year. Adjusted EBITDA witnessed a substantial 200% improvement compared to the same period in 2023, driven by enhanced sales initiatives targeting higher spend customers and improvements in the platform's reporting and automation tools. The company onboarded 29 new illumin self-service clients, benefiting from integrations with walled gardens and CTV support. Despite higher operating expenses, the gross margin remained consistent at 47%. The call concluded with an optimistic outlook for solid fourth-quarter revenue growth, attributed to recent organizational and strategic changes.
Record Total Revenue
Reported record total revenue of $36.3 million, a 23% increase year-over-year.
illumin Self-Serve Revenue Growth
illumin self-service revenue increased by 64% compared to Q3 2023, reaching $8.4 million and representing 23% of total revenue.
Adjusted EBITDA Increase
Adjusted EBITDA rose by 200% compared to the same period in 2023.
Programmatic Revenue Growth
Programmatic revenue grew by 39% during the quarter.
Managed Services Revenue Growth
Managed services revenue experienced year-over-year growth for the first time in over a year.
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illumin Holdings (TSE:ILLM) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ILLM Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 08, 2024
C$1.70
C$1.87
+10.00%
Aug 08, 2024
C$1.44
C$1.39
-3.47%
May 09, 2024
C$1.61
C$1.60
-0.62%
Mar 07, 2024
C$1.66
C$1.60
-3.61%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does illumin Holdings (TSE:ILLM) report earnings?
illumin Holdings (TSE:ILLM) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is illumin Holdings (TSE:ILLM) earnings time?
illumin Holdings (TSE:ILLM) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.