NetworkNewsBreaks - iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) Announces Record Results for Q1 2020

(NetworkNewsWire via Comtex)

iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced unaudited financial results for the first quarter ended March 31, 2020. Among the highlights, the company reported record first quarter revenues, gross profit, adjusted EBITDA and gross billing. In addition, iClick reported its second consecutive quarter of positive adjusted net income. "We are proud of achieving record results in gross billing, revenue, gross profit, adjusted EBITDA and adjusted net income in this quarter compared to any other first quarters in our company's history despite facing massive challenges due to the coronavirus pandemic," Jian "T.J." Tang, CEO and co-founder of iClick, stated in the news release. "We reported revenue of US$49.0 million, an increase of 25% year-over-year, while our gross billing grew to US$158.0 million, an increase of approximately 64% from the first quarter of 2019. With the continued improvement in profitability and cost controls, we recorded gross profit of US$13.3 million, adjusted EBITDA of US$2.4 million and adjusted net income of US$0.6 million."

To view the full press release, visit http://nnw.fm/lcGN3

About iClick Interactive Asia Group

iClick Interactive Asia Group Limited is an independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company's proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in 10 locations worldwide, including Asia and Europe. For more information, visit the company's website at www.i-Click.com.

NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company's newsroom at http://nnw.fm/ICLK

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