• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    iClick Interactive Asia Group Limited Reports 2021 Third-Quarter Unaudited Financial Results

    11/30/21 7:00:00 AM ET
    $ICLK
    Computer Software: Prepackaged Software
    Technology
    Get the next $ICLK alert in real time by email

    - Enterprise Solutions achieves eighth consecutive quarter of record results -

    - Marketing Solutions revenue grows 11% year-over-year to US$67 million -

    HONG KONG, Nov. 30, 2021 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced unaudited financial results for the third quarter ended September 30, 2021.

    Logo (PRNewsfoto/iClick Interactive Asia Group L)





    Three Months Ended September 30,









    2021





    2020





    Percentage

    change









    (US$ in thousands)

















    (Unaudited)













    Financial Metrics:



























    Revenue



























    Marketing Solutions





    66,556







    60,124







    11

    %



    Enterprise Solutions





    20,261







    8,781







    131

    %



    Total revenue





    86,817







    68,905







    26

    %



    Gross profit





    21,718







    20,121







    8

    %



    Net loss





    (2,632)







    (7,097)





    N/M





    Adjusted EBITDA[1]





    3,580







    4,701







    (24)

    %



    Adjusted net income[1]





    827







    2,424







    (66)

    %



    Diluted adjusted net income per American Depositary Shares

    ("ADS")[1]





    0.01







    0.03







    (67)

    %



    Operating Metrics:



























    Gross billing





    195,405







    167,084







    17

    %





    [1] For more details on these non-GAAP financial measures, please see the tables captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release.

    Jian "T.J." Tang, Chairman, Chief Executive Officer and Co-Founder of iClick, said, "iClick achieved the eighth consecutive quarter of record revenues in our Enterprise Solutions business, which grew 131% year-over-year to US$20 million as demand for private domain traffic and online and offline integrations remained robust. Marketing Solutions revenues grew 11% year-over-year to US$67 million, a deceleration from the growth in prior quarters due to the weak advertising environment.  

    "While China's entire advertising sector was adversely affected by the changing regulatory environment and heightened macroeconomic uncertainties, we remain confident in the long-term growth of China's digital advertising industry. In response to current challenges, during the quarter we adopted a strategy to balance sales growth and profitability in order to maximize long-term client retention. With a strong and diverse clients portfolio, we believe we are well positioned to capture the growth opportunities when the market recovers.

    "By contrast, the demand for private domain traffic remains strong and we are capitalizing on this trend through continued investment in our Enterprise Solutions business. Our strong industry solutions, combined with our growing and a loyal client base, are driving strong revenue growth while offsetting volatility in the advertising environment among our brand clients. We will continue to invest in sales and marketing and research and development to support our focus on developing innovative products and further expanding our market share within key accounts clients. For example, we leveraged iSmartGo, our cross-border e-commerce solution, to empower a number of new and existing global brand clients to tap into the increased demand in China for international products driven by the pandemic related travel restrictions. We will also devote more resources to developing "SaaS +X", our enhanced SaaS model, which we believe will prevail over pure SaaS solutions currently available in China given additional services and operational support.

    "In summary, we are encouraged by the continued outstanding growth in our Enterprise Solutions and will remain vigilant in preserving our market share in Marketing Solutions. With our clear strategies and solid execution capabilities, we are confident that iClick is well positioned to navigate the current challenging environment and deliver long-term sustainable value for our clients, employees and shareholders."

    Third Quarter 2021 Results:

    Revenue for the third quarter of 2021 grew to US$86.8 million, up 26% from US$68.9 million for the same period of the prior year, attributable to the increase in contributions from Marketing Solutions and Enterprise Solutions.

    Revenue from Marketing Solutions grew to US$66.6 million for the third quarter of 2021, up 11% from US$60.1 million for the third quarter of 2020, primarily as a result of growing market demand from specified action marketing campaigns.

    Revenue from Enterprise Solutions was US$20.3 million for the third quarter of 2021, up 131% from US$8.8 million for the third quarter of 2020, primarily due to the increasing need for online and offline consumer behavior data integration and digital transformation.

    Gross profit for the third quarter of 2021 was US$21.7 million, increased 8% compared with US$20.1 million for the third quarter of 2020, mainly due to contribution from higher-margin Enterprise Solutions.

    Total operating expenses were US$24.1 million for the third quarter of 2021, compared with US$20.0 million for the third quarter of 2020, primarily due to an increase in share-based compensation expenses and incremental operating expenses incurred for the expansion of business scale.

    Operating loss was US$2.3 million for the third quarter of 2021, compared with an operating income of US$0.1 million for the third quarter of 2020. This increase was as a result of an increase in share-based compensation expenses, and incremental operating expenses incurred for the expansion of business scale, which was partially offset by the growth in gross profit.

    Net loss was US$2.6 million for the third quarter of 2021, compared with net loss of US$7.1 million for the third quarter of 2020. This decrease was mainly because the Company recorded the fair value losses of derivative liabilities and convertible notes of US$6.3 million and US$1.4 million, respectively, in the third quarter of 2020, while it did not incur such losses in the third quarter of 2021.

    Net loss attributable to the Company's shareholders per basic and diluted ADS for the third quarter of 2021 were US$0.02, compared with a net loss attributable to the Company's shareholders per basic and diluted ADS of US$0.08 for the third quarter of 2020.

    Adjusted EBITDA for the third quarter of 2021 was US$3.6 million, compared with US$4.7 million for the third quarter of 2020. The decrease was mainly due to incremental operating expenses incurred for the expansion of business scale, which was partially offset by the growth in gross profit. For a reconciliation of the Company's adjusted EBITDA from net loss, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results."

    Adjusted net income for the third quarter of 2021 was US$0.8 million, compared with an adjusted net income of US$2.4 million in the third quarter of 2020. The decrease was mainly due to incremental operating expenses incurred for the expansion of business scale and increase in finance cost, which was partially offset by the growth in gross profit. For a reconciliation of the Company's adjusted net income from net loss, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results."

    Gross billing[2] was US$195.4 million for the third quarter of 2021, increased 17% compared with US$167.1 million for the third quarter of 2020, driven by increasing marketers' demand mainly from fashion, food and beverage, premium and luxury sectors.

    [2] Gross billing is defined as the aggregate dollar amount that clients have to pay the Company after deducting rebates paid and discounts given to.

    As of September 30, 2021, the Company had cash and cash equivalents, time deposits and restricted cash of US$96.7 million, compared with US$94.5 million as of December 31, 2020.

    Share Repurchase Program

    On December 10, 2020, the Company announced a share repurchase program in which it may purchase its own ADSs with an aggregate value of up to US$15.0 million from December 30, 2020 to December 31, 2021. In addition, our board of directors authorized the Company to upsize the share repurchase program from US$15 million to US$25 million on August 25, 2021. As of September 30, 2021, the aggregate value of purchased shares was approximately US$7.4 million.

    Outlook

    Based on the information available as of the date of this press release, iClick provides the following outlook for the full year 2021:

    • Revenue is estimated to be between US$318 million and US$338 million.
    • Revenue from Enterprise Solutions is estimated to be between US$62 million and US$68 million.

    The above outlook is based on current market conditions and reflects the Company's preliminary estimates of market and operating conditions, expected foreign exchange fluctuation, and customer demand, which are all subject to change. Please also refer to the factors set out under the section titled "Safe Harbor Statement."

    We note that the advertising budgets for our clients continue to be impacted by the changing regulatory environment and macroeconomic uncertainty. For example, recent regulatory tightening on several industry verticals including online education and online gaming have affected the sentiment of advertising spending of some clients in our Marketing Solutions business. Despite these headwinds in the current commercial environment, we anticipate that brands may allocate more of their advertising budgets to mobile and online targeted marketing, with the potential to benefit our mobile and performance-focused Marketing Solutions business. Brands may also see the importance of online and offline consumer behavioural data integration and analysis, which may favour our Enterprise Solutions business in the long run. We remain vigilant in evaluating the risks posed by the changing regulatory environment and macroeconomic uncertainty and the potential impacts they have on our expectations.

    With iClick's diversified customer base of stable, top-tier brands and ongoing government efforts to contain the spread of the coronavirus amid the rollout of vaccine, we remain cautiously optimistic for the remainder of 2021. However, outbreaks and resurgence of COVID-19, including recent variants around the world may continue to impact market conditions and potentially trigger a longer period of global economic slowdown. This could affect the overall sentiment and advertising budgets of our branding customers, which in turn may impact our Marketing Solution business in the short term. The rapid development and fluidity of the current situation precludes any prediction as to the ultimate adverse impact of COVID-19. Management will continue to closely monitor the outbreak's impact on our operations and financial results this year and will particularly focus on business retention and accounts receivable recoverability.

    Conference Call

    The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 30, 2021 (9:00 PM Beijing/Hong Kong time on November 30, 2021). A live and archived webcast of the conference call will be available on iClick's investor relations website at http://ir.i-click.com.

    Dial-in details for the conference call are as follows:

    United States:

    +1-888-346-8982

    International:

    +1-412-902-4272

    Hong Kong:

    +852-800-905945

    Mainland China:

    +86-4001-201203

    Participants please ask to join the iClick Interactive Asia Group Limited conference call.

    A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until December 7, 2021:

    United States:

    +1-877-344-7529

    International:

    +1-412-317-0088

    Canada:

    +1-855-669-9658

    Replay Access Code:

    59469524

    About iClick Interactive Asia Group Limited

    Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ:ICLK) is a leading enterprise and marketing cloud platform in China. iClick's mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in eleven locations across Asia and Europe. For more information, please visit ir.i-click.com.

    Non-GAAP Financial Measures

    The Company uses adjusted EBITDA, adjusted net income, and diluted adjusted net income per ADS, each a non-GAAP financial measure, in evaluating the Company's operating results and for financial and operational decision-making purposes.

    The Company believes that adjusted EBITDA, adjusted net income, and diluted adjusted net income per ADS help identify underlying trends in the Company's business that could otherwise be distorted by the effect of the expenses and gains that the Company includes in net loss. The Company believes that adjusted EBITDA, adjusted net income, and diluted adjusted net income per ADS provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making.

    Adjusted EBITDA, adjusted net income, and diluted adjusted net income per ADS should not be considered in isolation or construed as an alternative to net loss or any other measure of performance or as an indicator of the Company's operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA, adjusted net income, and diluted adjusted net income per ADS presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure.

    For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.

    These non-GAAP financial measures were presented with the most directly comparable GAAP financial measures together for facilitating a more comprehensive understanding of operating performance between periods.

    Safe Harbor Statement

    This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favourable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; litigation and negative publicity surroundings China -based companies listed in the U.S.; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; its ability to comply with existing or future laws and regulations related to data protection or data security; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; the duration of the COVID-19 outbreak, including the emergence of COVID variants, and its potential impact on the Company's business and financial performance; fluctuations in foreign exchange rates; general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    In the United States:

    iClick Interactive Asia Group Limited

    Core IR

    Lisa Li

    Tom Caden

    Phone: +86-21-3230-3931 #866

    Tel: +1-516-222-2560

    E-mail: [email protected]

    E-mail: [email protected]

    (financial tables follow)

    ICLICK INTERACTIVE ASIA GROUP LIMITED

    Unaudited Condensed Consolidated Statements of Comprehensive Loss

    (US$'000, except share data and per share data, or otherwise noted, unaudited)







    Three Months Ended

    September 30,





    Nine Months Ended

    September 30,







    2021





    2020





    2021





    2020



    Revenue





    86,817







    68,905







    231,379







    176,053



    Cost of revenue





    (65,099)







    (48,784)







    (165,776)







    (126,054)



    Gross profit





    21,718







    20,121







    65,603







    49,999





































    Operating expenses

































    Research and development expenses





    (2,270)







    (1,174)







    (6,330)







    (3,474)



    Sales and marketing expenses





    (12,706)







    (9,035)







    (42,264)







    (26,151)



    General and administrative expenses





    (9,081)







    (9,819)







    (24,830)







    (20,946)



    Total operating expenses





    (24,057)







    (20,028)







    (73,424)







    (50,571)



    Operating (loss)/income





    (2,339)







    93







    (7,821)







    (572)



    Interest expense





    (1,180)







    (772)







    (3,195)







    (1,787)



    Interest income





    277







    742







    509







    1,104



    Other gains, net





    940







    1,652







    2,955







    3,040



    Fair value losses on derivative liabilities





    —







    (6,343)







    —







    (11,466)



    Fair value losses on convertible notes





    —







    (1,426)







    —







    (4,433)



    Loss before income tax expense and share of losses

       from an equity investee





    (2,302)







    (6,054)







    (7,552)







    (14,114)



    Share of losses from an equity investee





    (25)







    (16)







    (84)







    (85)



    Income tax expense





    (305)







    (1,027)







    (1,869)







    (1,347)



    Net loss





    (2,632)







    (7,097)







    (9,505)







    (15,546)



    Net loss attributable to noncontrolling interests





    311







    545







    1,860







    1,642



    Net loss attributable to iClick Interactive Asia

       Group Limited's ordinary shareholders





    (2,321)







    (6,552)







    (7,645)







    (13,904)





































    Net loss





    (2,632)







    (7,097)







    (9,505)







    (15,546)



    Other comprehensive income:

































    Foreign currency translation adjustment, net of

       US$nil tax





    141







    3,671







    2,229







    4,283





































    Comprehensive loss





    (2,491)







    (3,426)







    (7,276)







    (11,263)



    Comprehensive loss attributable to noncontrolling

       interests





    311







    466







    1,784







    1,581



    Comprehensive loss attributable to iClick Interactive Asia

       Group Limited's ordinary shareholders





    (2,180)







    (2,960)







    (5,492)







    (9,682)





































    Net loss per ADS attributable to iClick Interactive

       Asia Group Limited's ordinary shareholders

































    — Basic





    (0.02)







    (0.08)







    (0.08)







    (0.19)



    — Diluted





    (0.02)







    (0.08)







    (0.08)







    (0.19)





































    Weighted average number of ADS used in per

       share calculation:

































    — Basic





    97,110,704







    83,847,077







    95,924,233







    74,377,252



    — Diluted





    97,110,704







    83,847,077







    95,924,233







    74,377,252



     

     

     

    ICLICK INTERACTIVE ASIA GROUP LIMITED

    Unaudited Condensed Consolidated Balance Sheets

    (US$'000, except share data and per share data, or otherwise noted, unaudited)







    As of

    September 30,

    2021





    As of

    December 31,

    2020



    Assets

















    Current assets

















    Cash and cash equivalents, time deposits and restricted cash





    96,698







    94,466



    Accounts receivable, net of allowance for doubtful receivables of US$16,608 and

       US$11,749 as of September 30, 2021 and December 31, 2020 respectively





    171,733







    143,142



    Other current assets





    84,683







    83,568



    Total current assets





    353,114







    321,176





















    Non-current assets

















    Goodwill





    81,388







    74,419



    Intangible assets





    54,445







    56,431



    Other assets





    22,914







    18,089



    Total non-current assets





    158,747







    148,939





















    Total assets





    511,861







    470,115





















    Liabilities and equity

















    Current liabilities

















    Accounts payable





    57,698







    43,140



    Bank borrowings





    69,746







    56,040



    Other current liabilities





    64,686







    63,667



    Total current liabilities





    192,130







    162,847





















    Non-current liabilities

















    Other liabilities





    22,220







    28,180



    Total non-current liabilities





    22,220







    28,180





















    Total liabilities





    214,350







    191,027



    Equity

















    Ordinary shares – Class A (US$0.001 par value; 80,000,000 shares authorized as of

       September 30, 2021 and December 31, 2020, respectively; 42,340,137 shares and

       40,996,215 shares issued and outstanding as of September 30, 2021 and

       December 31, 2020, respectively)





    42







    41



    Ordinary shares – Class B (US$0.001 par value; 20,000,000 shares authorized as of

       September 30, 2021 and December 31, 2020, respectively; 5,034,427 shares and

       4,820,608 shares issued and outstanding as of September 30, 2021 and

       December 31, 2020, respectively)





    5







    5



    Treasury shares (2,113,435 shares and 2,396,372 shares as of September 30, 2021

       and December 31, 2020, respectively)





    (17,444)







    (10,341)



    Other reserves





    306,380







    282,397



    Total iClick Interactive Asia Group Limited shareholders' equity





    288,983







    272,102



    Noncontrolling interests





    8,528







    6,986





















    Total equity





    297,511







    279,088





















    Total liabilities and equity





    511,861







    470,115



     



     

     

     

    ICLICK INTERACTIVE ASIA GROUP LIMITED

    Unaudited Reconciliations of GAAP and Non-GAAP Results

    (US$'000, except share data and per share data, or otherwise noted, unaudited)



    Adjusted EBITDA represents net loss before (i) depreciation and amortization, (ii) interest expense, (iii) interest income, (iv) income tax expense, (v) share-based

    compensation, (vi) fair value losses on derivative liabilities, (vii) fair value losses on convertible notes, (viii) other gains, net, (ix) convertible notes and shares

    issuance cost, (x) net loss attributable to noncontrolling interests, (xi) share of losses from an equity investee, (xii) cost related to new business setup or acquisitions,

    and (xiii) cost related to filing of Form F-3.



    The table below sets forth a reconciliation of the Company's adjusted EBITDA from net loss for the periods indicated:







    Three Months Ended

    September 30,





    Nine Months Ended

    September 30,







    2021





    2020





    2021





    2020



    Net loss





    (2,632)







    (7,097)







    (9,505)







    (15,546)



    Add/(less):

































    Depreciation and amortization





    1,641







    1,220







    4,827







    4,707



    Interest expense





    1,180







    772







    3,195







    1,787



    Interest income





    (277)







    (742)







    (509)







    (1,104)



    Income tax expense





    305







    1,027







    1,869







    1,347



    EBITDA





    217







    (4,820)







    (123)







    (8,809)



    Add/(less):

































    Share-based compensation





    3,424







    1,612







    12,270







    3,879



    Fair value losses on derivative liabilities





    —







    6,343







    —







    11,466



    Fair value losses on convertible notes





    —







    1,426







    —







    4,433



    Other gains, net[3]





    (277)







    (849)







    (880)







    (1,022)



    Convertible notes and shares issuance cost[4]





    —







    —







    202







    44



    Net loss attributable to noncontrolling interests[5]





    191







    545







    1,740







    1,642



    Share of losses from an equity investee[6]





    25







    16







    84







    85



    Cost related to new business setup or acquisitions[7]





    —







    —







    54







    63



    Cost related to filing of Form F-3[8]





    —







    428







    —







    428



    Adjusted EBITDA





    3,580







    4,701







    13,347







    12,209





    [3] Other gains, net has been adjusted out, except for amounts of US$663 thousand, US$803 thousand, US$2,075 thousand and US$2,018 thousand in relation

    to government grants for the three months ended September 30, 2021 and 2020 and for the nine months ended September 30, 2021 and 2020, respectively.

    [4] Convertible notes and shares issuance cost represents legal and professional fee for the issue of convertible notes and shares.

    [5] Net loss attributable to noncontrolling interests has been adjusted back because the Company's management regularly reviews EBITDA excluding

    noncontrolling interests as a measure of its operational performance.

    [6] Share of losses from an equity investee represents share of losses incurred by the Company's Thailand business operated through an equity investee over

    which the Company has significant influence, and which is not considered to be a part of the core business that the Company operates through its consolidated

    entities.

    [7] Cost related to new business setup or acquisition represents transaction cost (e.g. legal and professional fee) in connection therewith.

    [8] Cost related to the filing of Form F-3 represents audit, legal and professional fees.





    Adjusted net income represents net loss before (i) share-based compensation, (ii) fair value losses on derivative liabilities, (iii) fair value losses on convertible notes,

    (iv) other gains, net, (v) convertible notes and shares issuance cost, (vi) net loss attributable to noncontrolling interests, (vii) share of losses from an equity investee,

    (viii) cost related to new business setup or acquisitions, and (ix) cost related to filing of Form F-3. There is no material tax effects on these non-GAAP adjustments.



    The table below sets forth a reconciliation of the Company's adjusted net income from net loss for the periods

    indicated:







    Three Months Ended

    September 30,





    Nine Months Ended

    September 30,







    2021





    2020





    2021





    2020



    Net loss





    (2,632)







    (7,097)







    (9,505)







    (15,546)



    Add/(less):

































    Share-based compensation





    3,424







    1,612







    12,270







    3,879



    Fair value losses on derivative liabilities





    —







    6,343







    —







    11,466



    Fair value losses on convertible notes





    —







    1,426







    —







    4,433



    Other gains, net[3]





    (277)







    (849)







    (880)







    (1,022)



    Convertible notes and shares issuance cost[4]





    —







    —







    202







    44



    Net loss attributable to noncontrolling interests[5]





    287







    545







    1,836







    1,642



    Share of losses from an equity investee[6]





    25







    16







    84







    85



    Cost related to new business setup or acquisitions[7]





    —







    —







    54







    63



    Cost related to filing of Form F-3[8]





    —







    428







    —







    428



    Adjusted net income





    827







    2,424







    4,061







    5,472







    The diluted adjusted net income per ADS for the periods indicated are calculated as follows:







    Three Months Ended

    September 30,





    Nine Months Ended

    September 30,







    2021





    2020





    2021





    2020



    Net loss:





    (2,632)







    (7,097)







    (9,505)







    (15,546)



    Add: Non-GAAP adjustments to net loss





    3,459







    9,521







    13,566







    21,018



    Adjusted net income





    827







    2,424







    4,061







    5,472





































    Denominator for net loss per ADS - Weighted average

       ADS outstanding





    97,110,704







    83,847,077







    95,924,233







    74,377,252





































    Denominator for diluted adjusted net income per

       ADS - Weighted average ADS outstanding





    102,437,548







    90,085,165







    101,251,077







    80,615,340





































    Diluted net loss per ADS





    (0.03)







    (0.08)







    (0.10)







    (0.21)



    Add: Non-GAAP adjustments to net loss per ADS





    0.04







    0.11







    0.14







    0.28



    Diluted adjusted net income per ADS





    0.01







    0.03







    0.04







    0.07



     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/iclick-interactive-asia-group-limited-reports-2021-third-quarter-unaudited-financial-results-301433755.html

    SOURCE iClick Interactive Asia Group Limited

    Get the next $ICLK alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ICLK

    DatePrice TargetRatingAnalyst
    3/24/2022Buy → Neutral
    Alliance Global Partners
    More analyst ratings

    $ICLK
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • iClick Interactive Asia Group downgraded by Alliance Global Partners

      Alliance Global Partners downgraded iClick Interactive Asia Group from Buy to Neutral

      3/24/22 12:13:16 PM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology

    $ICLK
    Leadership Updates

    Live Leadership Updates

    See more
    • iClick Interactive Asia Group Limited Announces Change of Auditor

      HONG KONG, Sept. 30, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it has appointed WWC, P.C. Certified Professional Accountants ("WWC") as its independent registered public accounting firm, effective September 30, 2024. The appointment of WWC has been approved by the audit committee of the board of directors of the Company. WWC replaces PricewaterhouseCoopers ("PwC"), the Company's former independent registered public accounting firm, who has informed the Company that it declined to stand for re

      9/30/24 9:20:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive Asia Group Limited Announces Annual General Meeting Results

      HONG KONG, Sept. 30, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a renowned marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced the results of its annual general meeting of shareholders (the "AGM") held in Hong Kong on September 30, 2024. At the AGM, the Company's shareholders approved, ratified and/or confirmed the following resolutions: the disposal of the Company's demand side marketing solutions business in mainland China;the disposal of the

      9/30/24 9:02:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive Asia Group Limited Schedules 2024 Annual General Meeting for September 30, 2024

      HONG KONG, Sept. 11, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it will hold its 2024 annual general meeting (the "AGM") on September 30, 2024 at 9:00 a.m. (Hong Kong time) or on September 29, 2024 at 9:00 p.m. (New York time) in Hong Kong, People's Republic of China. Date:             September 30, 2024 (Hong Kong Time) or September 29, 2024 (New York Time) Time: 

      9/11/24 9:25:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology

    $ICLK
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • iClick Interactive Asia Group Limited Announces Plan for Closing on Merger with Amber DWM and Confirms Nasdaq Listing Under New Ticker "AMBR"

      HONG KONG, March 12, 2025 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK) today announced progress toward closing its merger with Amber DWM Holding Limited ("Amber DWM"), alongside final Nasdaq approval for the post-merger listing. Upon completion of the merger, the Company will be renamed "Amber International Holding Limited" and commence trading under the new ticker symbol "AMBR" on the Nasdaq Global Market, effective March 13, 2025. iClick  has entered into an Amendment, Waiver and Framework Agreement (the "Framework Agreement

      3/12/25 8:16:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive Asia Group Limited Announces Results of the Extraordinary General Meeting on January 3, 2025

      HONG KONG, Jan. 3, 2025 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK) today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Hong Kong today. At the EGM, shareholders approved, through a special resolution, the agreement and plan of merger, dated as of November 29, 2024 (the "Merger Agreement") by and among the Company, Overlord Merger Sub Ltd. ("Merger Sub") and Amber DWM Holding Limited ("Amber DWM"), the plan of merger (the "plan of merger") required to be registered wi

      1/3/25 4:03:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive Asia Group Limited to Hold Extraordinary General Meeting of Shareholders

      HONG KONG, Dec. 19, 2024 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK) today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") on January 3, 2025 at 9:00 a.m. (Hong Kong time), or January 2, 2025 at 8:00 p.m. (New York time) at 15/F Prosperity Millennia Plaza, 663 King's Road, Quarry Bay, Hong Kong, People's Republic of China, and for any adjournment or postponement thereof. The purpose of the EGM is for shareholders of the Company to consider, if thought fit, to approve the transactions contemplated in the Agreement and Plan of Merger (the "Merger Agreement"), dated November 29, 2024, by and among the C

      12/19/24 4:16:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology

    $ICLK
    SEC Filings

    See more
    • SEC Form 6-K filed by iClick Interactive Asia Group Limited

      6-K - iClick Interactive Asia Group Ltd (0001697818) (Filer)

      3/12/25 5:06:55 PM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 424B3 filed by iClick Interactive Asia Group Limited

      424B3 - iClick Interactive Asia Group Ltd (0001697818) (Filer)

      3/12/25 4:00:28 PM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 6-K filed by iClick Interactive Asia Group Limited

      6-K - iClick Interactive Asia Group Ltd (0001697818) (Filer)

      3/12/25 8:28:09 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology

    $ICLK
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by iClick Interactive Asia Group Limited

      SC 13D/A - iClick Interactive Asia Group Ltd (0001697818) (Subject)

      12/11/24 7:11:44 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by iClick Interactive Asia Group Limited (Amendment)

      SC 13G/A - iClick Interactive Asia Group Ltd (0001697818) (Subject)

      2/14/24 12:45:31 PM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by iClick Interactive Asia Group Limited (Amendment)

      SC 13G/A - iClick Interactive Asia Group Ltd (0001697818) (Subject)

      2/14/24 12:44:06 PM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology

    $ICLK
    Financials

    Live finance-specific insights

    See more
    • Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Nuvei Corp. (NASDAQ: NVEI / TSX: NVEI)

      NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Warns Investors That Nuvei was Recently Listed as a Creditor in the FTX Bankruptcy; Spruce Point's Research Indicates Nuvei was Likely an FTX Investor Nuvei Recently Hired FTX's Global Head of Payments as a Senior Vice President Despite His Track Record of Previous Failed Business Ventures Connected With Multiple Controversial People Believes That Nuvei's $1.3 Billion Levered Acquisition of Paya Holdings is Obscuring Nuvei's Underlying Growth Challenges Questions Paya's Organic Growth, Cash Flow and Customer Representations Made to Nuvei Which it Relied Upon in its Acquisition Sees 35

      4/18/23 9:10:00 AM ET
      $DLX
      $ICLK
      $IDEX
      $NVEI
      Publishing
      Consumer Discretionary
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive Asia Group Limited Reports 2022 Third-Quarter Unaudited Financial Results

      - Enterprise Solutions revenue recorded a 16% QoQ growth –  - Enterprise Solutions' revenues contribution reached a new record-high of 39% – HONG KONG, Nov. 30, 2022 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ:ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced unaudited financial results for the third quarter ended September 30, 2022. Three Months Ended September 30, 2022 2021 Percentagechange (US$ in thousands) (Unaudited) F

      11/30/22 7:00:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology
    • iClick Interactive to Report its Unaudited Third Quarter 2022 Financial Results on November 30, 2022

      -- Earnings Call Scheduled for 8:00 a.m. ET on November 30, 2022 -- HONG KONG, Nov. 17, 2022 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or "the Company") (NASDAQ:ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, today announced that it will report its unaudited third quarter 2022 financial results before the U.S. market opens on Wednesday, November 30, 2022. Mr. Jian "T.J." Tang, Chairman, Chief Executive Officer and Co-Founder, and Mr. David Zhang, Chief Financial

      11/17/22 9:00:00 AM ET
      $ICLK
      Computer Software: Prepackaged Software
      Technology