iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting its first quarter 2022 financial numbers. Included in the report is revenue of $47.4 million, which is down from $66.6 million for the first quarter of 2021, gross profit of $16 million compared with $19.5 million for Q1 2021, and total operating expenses of $25.6 million for the first quarter of 2022, fairly flat when compared with $25.9 million for the first quarter of 2021. The report also showed operating costs for the quarter were $9.6 million while net loss reached $9.3 million for the quarter. Adjusted EBITDA for Q1 2022 was a loss of $3.4 million. “We are pleased with the continued strong performance of our enterprise solutions, with a 34% year-over-year revenue growth rate to $15.7 million, representing another record high as compared to any of our historical first quarters,” said iClick cofounder, chair and CEO Jian “T.J.” Tang in the press release. “With the rising contribution from the higher-margin Enterprise Solutions business, we saw improved gross margin in the first quarter of 2022 as well. In the meantime, as mentioned last quarter, we have continued to execute our strategic move to unwind lower-margin, higher-risk marketing solutions businesses, to focus on our enterprise solutions.”
To view the full press release, visit https://ibn.fm/p2yJR
About iClick Interactive Asia Group Limited
iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK
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