EPS of ($0.06) missed expectations of ($0.045) and revenues of $26.5M beat estimates of $25.5M. Sales grew by 2.4% year-over-year and its self-serve sales grew substantially to $5.1M, representing 17% of total revenue. It onboarded 33 net new self-serve clients during the quarter, which indicated successful sales initiatives targeting higher-spend clients. Its balance sheet has shrunk against the prior year and while total sales inched up incrementally, its margins shrunk. It continued to repurchase shares, however, its share price has continued to slide lower over the year. The CEO bought 55.6K shares this past Friday, which is a positive signal. Its cash balance is strong, but the ad spending space has been taking longer than expected to rebound. Growth may pick back up for the company, but overall we would prefer a strong name at this time such as TTD or PERI.
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