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Our cloud-based demand side platform ("DSP") enables the programmatic purchase of advertising, which is the electronification of the digital advertising buying process. Programmatic advertising is rapidly taking market share from traditional ad sales channels, which require more staffing, offer less transparency, and involve higher costs to buyers.
Operating margin is thin at 3.51%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 19.0% YoY with margins expanding 2.3pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$362M
▲ +19.0% YoY
Net Income (TTM)
$9M
▲ +253.6% YoY
Op. Margin
3.58%
▲ +2.3pp YoY
ROIC
13.24%
▲ +6.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$59M
▲ +4.9% YoY
Op. Cash Flow (TTM)
$60M
▲ +1.6% YoY
Net Debt
-$162M
Net Cash Position
Cash & Equiv.
$186M
5Y CAGR: +15.8%
5Y CAGR: +22.9%
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