"Revenue -- $6.7 million, a decline from $8.2 million due to a $2 million reduction in demand-side platform customer spend, partially offset by an $0.5 million, or 8%, increase from other customers."
"Non-GAAP Adjusted EBITDA -- Loss of $2.6 million versus loss of $3.0 million previously. Cash and Cash Equivalents -- $800 thousand at quarter-end, up from $700 thousand at December 2025. Total Cash Plus Accounts Receivable -- $3.6 million versus $3.9 million as of year-end 2025."
Revenue declined to $6.7 million from $8.2 million due to a $2.0 million reduction in demand-side platform customer spend, partially offset by $0.5 million from other customers. Gross profit was $2.3 million, representing 34% of revenue versus $2.4 million and 29% of revenue previously. Operating expenses were $5.5 million, down 13% from $6.3 million, leading to an operating loss of $3.3 million compared with $3.9 million. Net loss was $5.6 million versus $5.9 million. Adjusted EBITDA loss improved to $2.6 million from $3.0 million. Cash and cash equivalents rose to $0.8 million, while total cash plus accounts receivable fell to $3.6 million. Management reclassified operations into a single digital advertising segment and launched Ignition Plus to improve programmatic efficiency, while pursuing partnerships, acquisitions, and buy-side and enterprise growth.
#revenue-decline #profitability-and-margins #cost-reduction #programmatic-advertising-platform #partnerships-and-acquisitions
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