Kevin Akeroyd
Kevin Akeroyd

Cision posted an 87 percent decline to $6M in Q3 losses from a year ago on an 11 percent boost in revenues to $117.2M.

CEO Kevin Akeroyd reports average pro-forma subscription customers moved ahead by 2.8 percent to 41,700, while revenue per subscriber inched up 1.2 percent to $11,200.

The number of customers buying services from Cision on a transactional basis fell 6.6 percent to 38,200. They spent $1,400 per quarter, which was up 5.4 percent.

Akeroyd called the performance "another solid quarter of financial results" as Cision continues its focus on focus on "delivering best-in-class products and services to our customers, executing our strategic and operational plans, and driving toward our long-term financial goals."

He highlighted Cision's 2.1 percent growth in organic revenues. 

Cision for the nine-month period lost $12.9M (-85.4 percent from a year ago) and had $544M in revenues (up 17.7 percent).

Cash/cash equivalents are $84.2M vs. $148.6M in 2017.