Cision reported a $19.1M Q2 net loss, down from $21M a year ago, during its first quarter as a public company. Revenue soared 73 percent to $157.1M.
CEO Kevin Akeroyd called improved organic revenue growth and continued margin expansion as reasons Cision “delivered another solid quarter.”
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Cision CEO Kevin AkeroydThe Chicago-based company averaged 36,100 subscribers during the quarter with each kicking in annual revenue of $10,300.
There were 33,200 transactional customers who each spent $1,560.
Cision recorded $303M in first-half revenues and a loss of $41.1M.
Akeroyd forecasts full-year revenue between $636M and $640M.
Cision’s shares are trading at $10.78.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
