Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| Through the efforts of our team pulled together through 2022, Kubient is well positioned to take advantage of strategic partnerships on the organic and inorganic growth front |
| From an operational perspective, Kubient continues to provide catered solutions-based services to our customers, and I’m happy to report that despite macroeconomic headwinds, we’ve continued to successfully operate our business while making advancements to our technology, in particular, with KAI 2.0, which is the latest iteration of our proprietary ad fraud identification and prevention technology |
| But I think right now, we’re very well positioned to help or be a part of a partnership with a much larger company on the M&A side |
| Receiving this patent positions us strongly in the ad tech and media ecosystem to empower brands, advertisers and publishers to combat fraud and protect their media budget |
| So, I think you have seen a big shift, and I like to believe that we’re very well positioned with unique technology that can help a company differentiate |
| And as you point out as well, you have a very strong net cash position of over $14 million, very low cash burn rate |
| Paul Roberts I think what you’re seeing is a lot more sharpening of the pencil on the CMO side of the world where any money that they are deploying throughout the remainder of this year, they want to be able to stand up at the end of the year to their Board and their CEO and explain that they got a very strong return |
| As it relates to the improvements we made to the KAI platform with our 2.0 rollout, there are a multitude of benefits, which include expanded real-time artificial intelligence analysis with 25 algorithms running in under 10 milliseconds; full support of the much larger scale protocol; extensive supply path optimization to support with ads.txt and supply chain object verification, along with additional data mining capabilities; and last, but not least, our enhanced support for new CTV and audio formats |
| As we’ve previously shared, our client-facing dashboard helps publishers by providing insights into inventory health, increasing the efficiency of ad monetization efforts for greater revenue acquisition |
| So that’s an incremental positive in my view |
| The public vehicle, obviously, you get the upside |
| KAI 2.0 better helps publishers identify unmonetized advertising inventory in this growing space and allows for immediate and dynamic action to better take advantage of their efforts to reach end customers |
| With the optimization measures taken during the latter half of 2022, our team operates in an efficient state with low burn relative to the quality of our offering and capacity to serve the buyers and publishers in our marketplace |
| On brand with our remarks on the last earnings call, we want to continue betting on KAI as we are very confident this solution will play an integral part in the broader ad tech industry going forward and adds a prominent layer to our overall value proposition |
| As of December 31, 2022, we continue to have a strong cash balance of approximately $14.7 million |
| The 20% plus average increase in revenue from our customers using this new dashboard has remained consistent over the previous quarter |
| And also, as I mentioned earlier to Jack, having that cash on hand, it really helps a lot of companies somewhat weather the storm and get through the year through their strategy planning |
| The flexibility of our technologies has resulted in meeting our customers’ ever-changing needs, which lately has had an emphasis within CTV |
| I think where KAI really benefits is because we have a technology that can show with data, here’s what we actually saved you |
| Again, our comprehensive supply side platform with the direct publisher integrations coupled with our recently patented and upgraded KAI 2.0 has uniquely primed Kubient to be in a prominent position for M&A |
| So the fact that we have that, we believe it’s a very defensible patent |
| This past year, we transitioned Kubient from a hyper-growth, cash-burning company aimed at horizontal market capture to an efficient and well-balanced technology-focused organization |
| With a healthy balance sheet holding approximately $14.7 million in cash as of the end of Q4 2022, we are primed in this market filled with uncertainty to add immediate value to an enterprise within the ad tech space |
| The continued emphasis on KAI, both as a market differentiator and a tool for our clients, has shown our commitment to investing in Kubient’s technology and focus on bringing AI to the forefront of advertising as a means to drive a cleaner and more transparent digital media ecosystem |
| We intend to leverage our cash to continue executing our organic strategy while making ourselves that much more appealing to M&A candidates |
| We appreciate your continued support and investment in Kubient along with this journey |
| Kubient remains mindful and dedicated to providing efficient and quickly implemented high-quality solutions for customers as we recognize the impact of the macroeconomic environment playing a significant role on both the buyer and seller of digital advertisement |
| Companies view us not only as a growth driver for existing opportunities, but as a differentiator and key transition piece as the advertising market evolves to the next stage of ad tech development |
| Great |
| Well, it’s better to have cash now than to have to go out and get it |
| Statement |
|---|
| Obviously, we’re a very – you name it that we’re in a tough macro environment for a multitude of reasons, Josh touched on the Silicon Valley Bank fallout as well |
| It’s not good news |
| We’ve kept our eye close to the market as liquidity and capital constraint concerns have temporarily affected certain market players |
| The decrease in net revenue was primarily associated with the decrease of net revenues associated with the major customer as compared to the 2021 period, partially offset by revenues generated in the 2022 period related to customer contracts acquired in connection with our acquisition of MediaCrossing in November 2021 |
| That said, quantities of spend on advertising initiatives continue to be a recurring topic of discussion internally for companies as we’re seeing some Tier 2 and Tier 3 players in the space begin to slightly retract |
| With a multitude of macroeconomic variables, market timing for M&A is very arduous for most candidates at this time in this environment, especially those publicly listed |
| While we do not anticipate any losses, liquidity issues or capital resource constraints arising as a result of the winding down of our account at SVB, we are closely watching the overall impact this may have on our collaborators, employees, suppliers and/or vendors, and it could be negatively impacted by the closure of SVB and other macroeconomic and geopolitical events |
| Adjusted EBITDA loss, a non-GAAP measure, was approximately $12.9 million or $0.90 per basic and diluted share for the full year ended December 31, 2022, compared to an adjusted EBITDA loss of approximately $9.2 million or $0.67 per basic and diluted share in the same period last year |
| GAAP net loss attributable to common shareholders was approximately $13.6 million or $0.95 loss per basic and diluted share compared to a net loss of approximately $10.3 million or $0.75 loss per basic and diluted share in the same period last year |
| So, I think the days of let’s test new environments, let’s test new things might be little harder |
| with the SEC, including our annual report on Form 10-K, which will be filed with the SEC on March 30, 2023, with the understanding that our actual future results may be materially different from what we expect, which include these and certain other important risk factors |
Please consider a small donation if you think this website provides you with relevant information