Tuesday, December 27, 2016

Cogint CEO: "Q4 will reaffirm the execution of our business model" $COGT

I asked Cogint (ticker: COGT) CEO Derek Dubner about the state of the business entering 2017. Here's what he said:
"Business is strong and we are very pleased with our performance as we conclude 2016. 
The dynamics we are experiencing are not only due to some seasonal strength, but are directly attributable to successful execution of our strategic initiatives
We spent the year developing our technologies, building unique and valuable data assets, enhancing current products and introducing new products. 
As previously announced, during the transition from Q2 to Q3, we leveraged opportunity we saw within multiple verticals and deployed resources towards certain early-stage initiatives that we believed would drive top line revenue and strong margins through year end and throughout 2017. Those initiatives are bearing fruit today, and we look forward to reporting those results for Q4 to our shareholders. 
We are seeing increased customer on boarding and expanded advertiser budget commitments for 2017. 
Concurrently, we have added key team members essential to the expansion of our business at a pivotal point in our evolution, as we transition from largely development to the delivery of key product offerings into our target markets. 
Q4 will reaffirm the execution of our business model, which provides a tremendous amount of operating leverage as we scale. 
We are extremely excited about 2017, as we work to continue to deliver record top line revenue, strong margins, and increasing adjusted EBITDA growth."
We should see Q4 earnings results in early February.

More on Cogint HERE.

Disclosure: Long

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