Iclick Interacti Stock Price, News & Analysis

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has released a shareholder letter reflecting on its performance during 2020 amidst the COVID-19 pandemic. CEO Jian 'T.J.' Tang emphasized the company's profitability, noting an adjusted net profit for four consecutive quarters and significant revenue growth in Enterprise Solutions, achieving $18.3 million—more than double 2019's revenue. iClick has established key partnerships and is optimistic about continuing growth, projecting a record year ahead as they transition to an integrated Enterprise and Marketing Cloud Platform.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has launched iSCRM, a SaaS enterprise management platform aimed at enhancing daily operations and social customer relationship management. Utilizing Tencent's WeCom platform, iSCRM offers comprehensive consumer-cycle solutions, enabling brands to track consumer actions, develop real-time profiles, and improve sales management. CEO Jian Tang emphasized the potential of iSCRM to enhance brand traffic management and boost sales revenue. This marks iClick's first standard SaaS product aimed at optimizing user engagement within the Tencent ecosystem.

On January 4, 2021, iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced Mr. Philip Kan's appointment to its Board of Directors, effective January 1, 2021. Mr. Kan, an industry veteran with over 40 years of experience in management and finance, will chair the Nominating and Corporate Governance Committee. His expertise is expected to provide valuable guidance as iClick aims to expand its data-driven solutions. The appointment follows the departure of board members James Kim and Honnus Cheung, whose exits were not due to disagreements with the company.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) held its annual general meeting on December 23, 2020, in Hong Kong. During the meeting, shareholders approved the appointment of Mr. Matthew Chu Pong Fong as a director of the Company. iClick, an independent online marketing and enterprise data solutions provider in China, focuses on connecting marketers with audiences through innovative technologies. Established in 2009, the Company operates globally, with a significant presence in Asia and Europe.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) reported significant growth for its clients through tailored marketing solutions. Notably, Adopt A Cow achieved a six-fold increase in monthly sales and a 15% repurchase rate after partnering with iClick. Additionally, Xiangpiaopiao experienced a 600% spike in livestream views during the 'Double 11' festival, contributing to 25% of its GMV. iClick's integrated enterprise solutions, including a consumer data platform, have proven effective in enhancing customer loyalty and brand growth in China's competitive market.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) has announced a $15 million share repurchase program effective from December 30, 2020 to December 31, 2021. This initiative reflects the company's commitment to enhancing shareholder value and confidence in ongoing business growth strategies. The shares will be purchased at market prices using existing cash reserves. The program is flexible and may be suspended or extended without prior notice, depending on market conditions.

The quarterly earnings report for iClick (Nasdaq: ICLK) for Q3 2020 shows record revenue of US$68.9 million, a 27% year-over-year increase. The company's Enterprise Solutions segment experienced a remarkable 236% growth, driven by strong market demand. Adjusted EBITDA rose by 225% year-over-year to US$4.7 million, maintaining positive adjusted net income for the fourth consecutive quarter. The company expects Q4 revenue between US$73 million and US$76 million, with an annual forecast of US$240 million to US$260 million.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) reported strong unaudited financial results for Q3 2020, with total revenue of US$68.9 million, a 27% increase year-over-year. The Marketing Solutions segment contributed US$60.1 million (up 17%), and Enterprise Solutions surged 236% to US$8.8 million. Gross profit rose 48% to US$20.1 million. However, the company recorded a net loss of US$7.1 million, primarily due to fair value losses on convertible notes. Adjusted EBITDA increased 225% year-over-year to US$4.7 million.

iClick Interactive Asia Group Limited (NASDAQ: ICLK) announced its 2020 annual general meeting scheduled for December 23, 2020, at 9:00 a.m. in Hong Kong. Key agenda items include the appointment of Mr. Matthew Chu Pong Fong as a director. Shareholders of record as of November 23, 2020, are eligible to vote. The meeting location is 15/F Prosperity Millennia Plaza, 663 King's Road, Quarry Bay, Hong Kong. The complete audited financial statements and reports will be available on the company’s investor relations website.