Consolidated Statements of Cash Flows(Expressed in thousands of Canadian dollars)For the years ended December 31, 2024 and 2023 2024 2023 Cash provided by (used in) Operating activities Net income (loss) for the year $867 $(10,987)Adjustments to reconcile net income (loss) to net cash flows Depreciation and amortization 5,355 5,482 Finance income, net (1,821) (2,122)Share-based compensation 3,732 5,725 Foreign exchange loss (gain) (5,066) 2,827 Severance expense 789 850 Income tax expense (benefit) 988 (1,095)Change in non-cash operating working capital Accounts receivable (11,578) (296)Prepaid expenses and other 1,361 (2,906)Other assets (53) 185 Accounts payable and accrued liabilities 11,883 (1,811)Income taxes refunded (paid), net 1,573 99 Interest received 2,101 2,658 10,131 (1,391) Investing activities Additions to property and equipment (1,690) (867)Additions to intangible assets (4,257) (4,375) (5,947) (5,242) Financing activities Repayment of term loans - (4,411)Proceeds from international loans - 1,181 Repayment of international loans (130) (1,435)Payment of leases (2,132) (3,020)Repurchase of common shares for cancellation (5,310) (15,313)Proceeds from the exercise of stock options 33 7 (7,539) (22,991) Decrease in cash and cash equivalents (3,355) (29,624) Impact of foreign exchange on cash and cash equivalents 3,852 (862) Cash and cash equivalents – beginning of year 55,455 85,941 Cash and cash equivalents – end of year 55,952 55,455 Supplemental disclosure of non-cash transactions Adjustments to property and equipment under leases - 4,403 Unpaid additions (reversals) to property and equipment, net (734) 734 Unpaid taxes on share repurchases 7 - 1 Nasdaq-related costs are listing fees and directors’ and officers’ insurance specific to the Company’s Nasdaq listing and have been reclassed below Adjusted EBITDA as they are not recurring.
Fourth Quarter Revenue shows Growth Across All Service Lines by 35% YoY to $49.9 Million Full Year Revenue Grows 11% YoY to $140.4 MillionSelf-Service Revenue Grew by 45% YoY for the Quarter and 78% for the Full YearAdjusted EBITDA Improved by 42% YoY for the Quarter and 104% for the Full Year (All monetary figures are expressed in Canadian dollars unless otherwise stated) TORONTO, March 14, 2025 (GLOBE NEWSWIRE) -- illumin Holdings Inc.(TSX: ILLM and OTCQB: ILLMF) ("illumin” or the "Company”), a journey advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced its financial results for the fourth quarter and full year ended December 31, 2024.
Consolidated Statements of Comprehensive Income (Loss)(Expressed in thousands of Canadian dollars, except share amounts)For the years ended December 31, 2024 and 2023 2024 2023 Revenue $140,389 $126,318 Media-related costs 74,931 66,023 Gross profit 65,458 60,295 Operating expenses Sales and marketing 25,927 26,104 Technology 20,407 19,695 General and administrative 15,069 14,666 Share-based compensation 3,732 5,725 Depreciation and amortization 5,355 5,482 70,490 71,672 Loss from operations (5,032) (11,377) Finance income, net (1,821) (2,122)Foreign exchange loss (gain) (5,066) 2,827 (6,887) 705 Net income (loss) before income taxes 1,855 (12,082) Income tax expense (benefit) 988 (1,095) Net income (loss) for the year 867 (10,987) Basic and diluted net income (loss) per share 0.02 (0.20) Other Comprehensive Income (Loss) Items that may be subsequently reclassified to net income (loss): Exchange loss on translating foreign operations (980) (1,860) Comprehensive loss for the year (113) (12,847) illumin Holdings Inc.
The story "illumin Reports Fourth Quarter and Full Year 2024 Financial Results" has 1292 words across 38 sentences, which will take approximately 6 - 11 minutes for the average person to read.
Which news outlet covered this story?
The story "illumin Reports Fourth Quarter and Full Year 2024 Financial Results" was covered 12 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 25 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
