Welcome to our dedicated page for illumin Holdings news (Ticker: ILLMF), a resource for investors and traders seeking the latest updates and insights on illumin Holdings stock.
illumin Holdings Inc. (ILLMF) is an advertising technology company that regularly issues detailed news updates on its platform, financial performance, and corporate developments. As an adtech platform traded on the OTCQB and the Toronto Stock Exchange, illumin uses news releases to explain how its technology, service lines, and strategy are evolving in the digital advertising landscape.
Readers of this news page can expect coverage of quarterly financial results, where illumin discusses revenue trends across Exchange service, Self service, and Managed service, along with metrics such as revenue less media-related costs, Gross margin, and Adjusted EBITDA. These releases often include management commentary on product focus, cost controls, and the company’s shift toward an integrated, outcomes-based platform model.
The company also announces product and platform updates, such as the launch of its Forecasting tool and enhancements to its unified journey advertising platform. These items describe new AI-powered capabilities, workflow improvements, and tools that help marketers plan and optimize campaigns across channels like programmatic, CTV, DOOH, email, and social media.
In addition, illumin’s news flow includes corporate actions and governance items, including normal course issuer bids, automatic share purchase plans, and voting results from its annual general meeting of shareholders. Leadership changes, such as the appointment of a Chief Revenue Officer or transitions in the Chief Financial Officer role, are also communicated through news releases.
For investors, analysts, and marketers, following illumin’s news provides insight into how the company is positioning its platform, managing its capital structure, and responding to conditions in the digital advertising market. This page aggregates those announcements so readers can review financial updates, product developments, and corporate milestones in one place.
illumin Holdings (TSX:ILLM, OTCQB:ILLMF) has received TSX approval for a new normal course issuer bid (NCIB) to purchase and cancel up to 3,914,167 common shares, representing 10% of its public float. The NCIB will run from December 23, 2024, to December 22, 2025. The company has established an automatic share purchase plan (ASPP) with a designated broker to facilitate purchases during blackout periods.
The daily purchase limit is set at 12,518 shares, based on 25% of the average daily trading volume of 50,073 shares between June-November 2024. Under its previous NCIB that expired on November 12, 2024, illumin repurchased and cancelled 3,755,746 shares at an average price of $1.59 per share.
illumin Holdings reported strong Q3 2024 financial results with record revenue of $36.3 million, up 23% year-over-year. Self-service revenue grew significantly by 64% to $8.4 million, while programmatic revenue increased 39% to $10.1 million. The company maintained a 47% gross margin and improved Adjusted EBITDA by 200% to $1.9 million. However, the company recorded a net loss of $1.1 million compared to a profit of $0.8 million in Q3 2023, primarily due to foreign exchange losses and higher income tax expenses. The company continues its share buyback program and maintains a strong cash position of $51.4 million.
illumin Holdings Inc. (TSX: ILLM, OTCQB:ILLMF), a journey advertising technology company, has announced it will report its third quarter 2024 financial results before market open on Friday, November 8, 2024. The company will host a live webcast to discuss the results on the same day at 8:30 am Eastern Time.
The webcast will be hosted by Simon Cairns, Chief Executive Officer, and Elliot Muchnik, Chief Financial Officer, with a question-and-answer session to follow. Interested parties can register for the conference call webcast and presentation at the company's website.
illumin is described as a journey advertising platform that uses advanced machine learning algorithms and real-time data analytics to help marketers reach consumers at every stage of their journey. The company serves clients across North America, Latin America, and Europe.
illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF), a Journey Advertising technology company, announced its participation in two upcoming investor conferences. Simon Cairns, CEO, and Elliot Muchnik, CFO, will represent the company at these events:
1. Wedbush Securities AdTech Conference on October 10th, featuring a virtual fireside chat at 12:15 pm ET and investor meetings.
2. TD Securities Technology Conference in Toronto from November 25-26th, including investor meetings on November 26th.
illumin's platform uses advanced machine learning and real-time data analytics to help marketers reach consumers throughout their journey. The company serves clients across North America, Latin America, and Europe from its Toronto headquarters.
Illumin announced its Q2 2024 results with a total revenue of $29.2 million, down from $33.2 million in Q2 2023.
However, illumin self-serve revenue surged by 61% YoY to $8.8 million, representing 30% of total revenue.
Gross margin was consistent at 48%, and adjusted EBITDA improved by 11% YoY to $0.5 million. Net revenue for Q2 2024 was $14.0 million, compared to $15.9 million in Q2 2023.
Notably, the net loss for Q2 2024 narrowed to $1.0 million from a loss of $5.6 million in Q2 2023, attributed to lower operating costs and a net foreign exchange gain. The company also onboarded 33 new self-serve clients, canceled 2.49 million shares under an NCIB, and upgraded its trading to the OTCQB Venture Market.
illumin Holdings Inc. (TSX: ILLM) (OTCQB: ILLMF), a journey advertising technology company, has announced two key additions to its leadership team, effective August 2024. Liz Ritzcovan joins as Chief Revenue Officer (CRO), responsible for global sales, account management, and customer support. She brings extensive experience from roles at Hustle, Namagoo, Foursquare, and other leading advertising and marketing companies. Bridget Westerholz joins as Senior Vice President of Marketing (SVP), leveraging her experience in agencies and brands to lead global marketing efforts. Previously, she held leadership positions at SPUD and Happy Planet Foods, as well as advertising agencies like FUSE Create and DDB Canada.
CEO Simon Cairns expressed enthusiasm about the new hires, emphasizing their potential to drive focus on supporting agency and brand customers. Both new executives expressed excitement about joining illumin and contributing to its growth and market transformation.
illumin Holdings announced it will release its second quarter 2024 financial results on August 8, 2024, before market open. The company will also host a live webcast at 8:30 am ET to discuss the results, led by CEO Simon Cairns and CFO Elliot Muchnik, followed by a Q&A session. The webcast can be accessed through the company's website, where a recording will also be available afterward.
illumin is a journey advertising platform that uses advanced machine learning and real-time analytics to help marketers connect with consumers. Headquartered in Toronto, the company operates across North America, Latin America, and Europe.
Illumin (TSX:ILLM, OTCQB:ILLMF), a journey advertising technology company, announced the results of their annual shareholders meeting held on June 12, 2024. All director nominees were elected, including Sheldon Pollack with 98.967% votes 'For' and Tal Hayek with 98.884% votes 'For'. Other notable elections included Roger Dent with 67.253% votes 'For' and Yishay Waxman with 89.179% votes 'For'. Additionally, the re-appointment of auditors was approved with 98.835% votes 'For'. Illumin specializes in using machine learning algorithms and real-time data analytics to enhance consumer engagement for marketers. Headquartered in Toronto, the company serves clients across North America, Latin America, and Europe.
illumin Holdings has announced the upgrade of its common shares trading from the OTC Pink Open Market to the OTCQB Venture Market under the ticker symbol ‘ILLMF’ effective June 7, 2024. This move aims to provide better accessibility, liquidity, and transparency for U.S. investors. The company's shares will continue to be traded on the Toronto Stock Exchange under the symbol ‘ILLM.’ illumin leverages advanced machine learning algorithms and real-time data analytics to enable marketers to reach consumers effectively. The company, headquartered in Toronto, serves clients across North America, Latin America, and Europe.
illumin Holdings Inc. (TSX: ILLM) reported its first quarter 2024 financial results, with total revenue of $25.0 million. Self-service revenue saw a substantial 282% growth year-over-year, driven by new customer relationships and increased platform utilization. The company onboarded 23 net new self-serve clients during the quarter. Gross margin remained steady at 47%, with adjusted EBITDA improving to $0.01 million from a loss of $0.8 million in Q1 2023. Net loss decreased to $1.1 million from $3.6 million in the previous year, attributed to lower operating costs and a favorable foreign exchange gain due to a strengthened US dollar. illumin initiated a new Normal Course Issuer Bid to purchase and cancel common shares, reflecting a commitment to returning value to shareholders.