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    iClick Interactive Asia Group Limited Reports 2022 Second-Quarter Unaudited Financial Results

    8/25/22 7:00:00 AM ET
    $ICLK
    Computer Software: Prepackaged Software
    Technology
    Get the next $ICLK alert in real time by email

    - Enterprise Solutions revenue achieves modest growth despite lockdown measures in China –

    - Enterprise Solutions revenue contribution hit a historic high of 36% –

    HONG KONG, Aug. 25, 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 second quarter ended June 30, 2022.

    (PRNewsfoto/iClick Interactive Asia Group Limited)





    Three Months Ended June 30,









    2022





    2021





    Percentage

    change









    (US$ in thousands)

















    (Unaudited)













    Financial Metrics:



























    Revenue



























    Marketing Solutions





    24,264







    64,610







    (62)

    %



    Enterprise Solutions





    13,814







    13,392







    3

    %



    Total revenue





    38,078







    78,002







    (51)

    %



    Gross profit





    9,255







    24,337







    (62)

    %



    Net (loss)/income





    (45,776)







    597





    N/M





    Adjusted EBITDA [1]





    (13,172)







    6,137





    N/M





    Adjusted net (loss)/income[1]





    (15,024)







    2,587





    N/M





    Diluted adjusted net (loss)/income per ADS[1]





    (0.15)







    0.03





    N/M





    Operating Metrics:



























    Gross billing





    58,134







    194,193







    (70)

    %































    [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, "In order to effectively combat the latest resurgence of the COVID-19 pandemic, various regions in China were operating under restrictive measures or in lockdown during the second quarter of 2022, which inevitably had an adverse impact on our performance. Conjunctively, the unpredictable macro environment continued to drive conservatism on advertising spending and promotional activities. As a result, the Company's total revenue declined by 51% year-on-year, primarily as a result of a 62% year-on-year decrease in our Marketing Solutions revenue, and recorded a goodwill impairment of US$24.9 million in the second quarter of 2022 for its Marketing Solutions reporting unit, both of which contributed to the net loss for the quarter.

    On a positive note, the Company achieved the modest growth in Enterprise Solutions revenue, which accounted for a historically high 36% of total revenue for the second quarter of 2022, despite the lockdown restricting the implementation of our go-to-market strategy.

    Looking to the future, we believe our value proposition to top-tier brand clients remains intact, and we expect better performance once overall market sentiment and client operations recover. We believe our strategic wind-down of the Marketing Solutions business will enable the Company to better align its resources to continue investing in Enterprise Solutions. With the backdrop of the digital transformation trend in China, we also expect to further develop our SaaS+X business model, with the aim of driving long-term growth and enlarging our overall market share."

    Second Quarter 2022 Results:

    Revenue for the second quarter of 2022 was US$38.1 million, compared with US$78.0 million for the second quarter of 2021, mainly due to the decrease in revenue from Marketing Solutions, which was partially offset by the slight increase in revenue from Enterprise Solutions.

    Revenue from Marketing Solutions declined to US$24.3 million for the second quarter of 2022, compared with US$64.6 million for the second quarter of 2021, primarily because we strategically reduced lower margin and higher risk businesses within the Marketing Solutions segment. The decline in revenue from Marketing Solutions was also due to the tightened regulation targeting certain industries in which our clients operate, which led to a broad-based advertising market slowdown in China, and the strict anti-pandemic measures implemented in China.

    Revenue from Enterprise Solutions slightly grew to US$13.8 million for the second quarter of 2022, from US$13.4 million for the second quarter of 2021.

    Gross profit for the second quarter of 2022 was US$9.3 million, compared with US$24.3 million for the second quarter of 2021, mainly due to the decline in Marketing Solutions segment. Gross profit margin decreased to 24.3% for the second quarter of 2022 from 31.2% for the second quarter of 2021, primarily as a result of the slowdown of broad-based advertising market in China, and the strict anti-pandemic measures implemented in China.

    Total operating expenses were US$26.8 million for the second quarter of 2022, compared with US$23.4 million for the second quarter of 2021, primarily due to an additional expected credit loss provision, as a result of the volatile business environment with resurgence of COVID-19 and lockdown conditions.

    Operating loss was US$17.5 million for the second quarter of 2022, compared with an operating income of US$0.9 million for the second quarter of 2021. This decline was as a result of the decrease in gross profit and an additional expected credit loss provision.

    Goodwill impairment of US$24.9 million was recorded in the second quarter of 2022 for Marketing Solutions reporting unit, primarily due to the volatile digital advertising industry, which resulted in a shortfall between the carrying value and the estimated fair value of this reporting unit as of June 30, 2022.

    Net loss totalled US$45.8 million for the second quarter of 2022, compared with net income of US$0.6 million for the second quarter of 2021, primarily due to the goodwill impairment incurred, decrease in gross profit and an additional expected credit loss provision.

    Net loss attributable to the Company's shareholders per basic and diluted ADS for the second quarter of 2022 were US$0.45, compared with a net income attributable to the Company's shareholders per basic and diluted ADS of US$0.02 for the second quarter of 2021.

    Adjusted EBITDA for the second quarter of 2022 was a loss of US$13.2 million, compared with earnings of US$6.1 million for the second quarter of 2021. For a reconciliation of the Company's adjusted EBITDA from net (loss)/income, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results."

    Adjusted net loss for the second quarter of 2022 was US$15.0 million, compared with an adjusted net income of US$2.6 million in the second quarter of 2021. For a reconciliation of the Company's adjusted net (loss)/income from net (loss)/income, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results."

    Gross billing[2] was US$58.1 million for the second quarter of 2022, compared with US$194.2 million for the second quarter of 2021, primarily as a result of the decline in gross billing from Marketing Solutions segment.

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

    As of June 30, 2022, the Company had cash and cash equivalents, time deposits and restricted cash of US$83.5 million, compared with US$88.7 million as of December 31, 2021.

    Share Repurchase Program

    On December 22, 2021, the Company announced a share repurchase program in which it may purchase its own ADSs with an aggregate value of up to US$20.0 million from January 1, 2022 to December 31, 2022. As of June 30, 2022, the aggregate value of purchased shares was approximately US$7.2 million.

    Conference Call

    The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 25, 2022 (8:00 PM Beijing/Hong Kong time on August 25, 2022). Participants may join the call through either of the below methods:

    1.         Dial-in to the conference call:

    Participants are asked to pre-register for the call via the following link:

    https://s1.c-conf.com/diamondpass/10024435-adsk322.html

    Upon registering, participants will be provided with dial-in numbers, Passcode and unique access PIN.

    2.         Webcast: 

    Participants may also join a live and archived webcast of the call through the below link:

    https://edge.media-server.com/mmc/p/qfzgn6e5

    A live and archived webcast of the conference call will be available on iClick's investor relations website at https://ir.i-click.com.

    A webcast replay of the call will be available approximately two hours after the end of the call through August 25, 2023. The webcast replay can be accessed through the above link.

    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 https://ir.i-click.com.

    Non-GAAP Financial Measures

    The Company uses adjusted EBITDA, adjusted net (loss)/income, and diluted adjusted net (loss)/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 (loss)/income, and diluted adjusted net (loss)/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)/income. The Company believes that adjusted EBITDA and adjusted net (loss)/income provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects, assess operating performance on a consistent basis, 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 (loss)/income, and diluted adjusted net (loss)/income per ADS should not be considered in isolation or construed as an alternative to net (loss)/income 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 (loss)/income, and diluted adjusted net (loss)/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 its strategic shift away from Marketing Solutions to focus on Enterprise Solutions; its success in implementing its SaaS + X business model; 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; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; the duration of the COVID-19 outbreak 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)/Income

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







    Three Months Ended

    June 30,





    Six Months Ended

    June 30,







    2022





    2021





    2022





    2021



    Revenue





    38,078







    78,002







    85,454







    144,562



    Cost of revenue





    (28,823)







    (53,665)







    (60,203)







    (100,677)



    Gross profit





    9,255







    24,337







    25,251







    43,885





































    Operating expenses

































    Research and development expenses





    (2,164)







    (2,386)







    (4,418)







    (4,060)



    Sales and marketing expenses





    (10,685)







    (12,354)







    (22,569)







    (29,558)



    General and administrative expenses





    (13,911)







    (8,698)







    (25,344)







    (15,749)



    Total operating expenses





    (26,760)







    (23,438)







    (52,331)







    (49,367)



    Operating (loss)/income





    (17,505)







    899







    (27,080)







    (5,482)



    Interest expense





    (617)







    (1,236)







    (1,313)







    (2,015)



    Interest income





    278







    125







    649







    232



    Goodwill impairment





    (24,945)







    —







    (24,945)







    —



    Other (losses)/gains, net





    (2,998)







    1,662







    (2,133)







    2,015



    (Loss)/income before income tax expense





    (45,787)







    1,450







    (54,822)







    (5,250)



    Share of losses from an equity investee





    (26)







    (33)







    (40)







    (59)



    Income tax benefit/(expense)





    37







    (820)







    (201)







    (1,564)



    Net (loss)/income





    (45,776)







    597







    (55,063)







    (6,873)



    Net loss attributable to non-controlling interests





    712







    1,168







    1,381







    1,549



    Net (loss)/income attributable to iClick Interactive Asia

       Group Limited's ordinary shareholders





    (45,064)







    1,765







    (53,682)







    (5,324)





































    Net (loss)/income





    (45,776)







    597







    (55,063)







    (6,873)



    Other comprehensive (loss)/income:

































    Foreign currency translation adjustment, net of

       US$nil tax





    (2,949)







    1,339







    (2,908)







    2,088





































    Comprehensive (loss)/income





    (48,725)







    1,936







    (57,971)







    (4,785)



    Comprehensive loss attributable to non-controlling

       interests





    764







    1,093







    1,433







    1,473



    Comprehensive (loss)/income attributable to iClick

       Interactive Asia Group Limited





    (47,961)







    3,029







    (56,538)







    (3,312)





































    Net (loss)/income per ADS attributable to iClick

       Interactive Asia Group Limited

































    — Basic





    (0.45)







    0.02







    (0.54)







    (0.06)



    — Diluted





    (0.45)







    0.02







    (0.54)







    (0.06)





































    Weighted average number of ADS used in per

       share calculation:

































    — Basic





    100,348,946







    96,262,253







    99,845,054







    95,321,164



    — Diluted





    100,348,946







    101,861,423







    99,845,054







    95,321,164



     

     

     

    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

    June 30, 2022





    As of

    December 31,

    2021



    Assets

















    Current assets

















    Cash and cash equivalents, time deposits and restricted cash





    83,498







    88,717



    Accounts receivable, net of allowance for doubtful receivables of US$32,495 and

       US$22,786 as of June 30, 2022 and December 31, 2021 respectively





    93,336







    187,261



    Other current assets





    68,350







    75,288



    Total current assets





    245,184







    351,266





















    Non-current assets

















    Goodwill





    55,818







    81,674



    Intangible assets





    52,134







    53,713



    Other assets





    36,294







    21,081



    Total non-current assets





    144,246







    156,468





















    Total assets





    389,430







    507,734





















    Liabilities and equity

















    Current liabilities

















    Accounts payable





    41,286







    66,587



    Bank borrowings





    45,133







    75,530



    Other current liabilities





    58,815







    58,728



    Total current liabilities





    145,234







    200,845





















    Non-current liabilities

















    Other liabilities





    14,539







    15,300



    Total non-current liabilities





    14,539







    15,300





















    Total liabilities





    159,773







    216,145



    Equity

















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

       June 30, 2022 and December 31, 2021, respectively; 43,315,658 shares and

       42,865,515 shares issued and outstanding as of June 30, 2022 and

       December 31, 2021, respectively)





    43







    43



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

       June 30, 2022 and December 31, 2021, respectively; 5,034,427 shares

        issued and outstanding as of June 30, 2022 and

       December 31, 2021, respectively)





    5







    5



    Treasury shares (5,141,980 shares and 2,323,802 shares as of June 30, 2022 and

       December 31, 2021, respectively)





    (28,059)







    (20,908)



    Other reserves





    251,865







    305,212



    Total iClick Interactive Asia Group Limited shareholders' equity





    223,854







    284,352



    Non-controlling interests





    5,803







    7,237





















    Total equity





    229,657







    291,589





















    Total liabilities and equity





    389,430







    507,734



     

     

    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)/income before (i) depreciation and amortization, (ii) interest expense, (iii) interest income, (iv) income tax (benefit)/expense, (v) share-based compensation, (vi) goodwill impairment, (vii) other losses/(gains), net, (viii) convertible notes and shares issuance cost, (ix) net loss attributable to non-controlling interests, (x) share of losses from an equity investee, and (xi) cost related to new business setup or acquisitions.

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

     











    Three Months Ended

    June 30,





    Six Months Ended

    June 30,







    2022





    2021





    2022





    2021



    Net (loss)/income





    (45,776)







    597







    (55,063)







    (6,873)



    Add/(less):

































    Depreciation and amortization





    1,701







    1,619







    3,436







    3,186



    Interest expense





    617







    1,236







    1,313







    2,015



    Interest income





    (278)







    (125)







    (649)







    (232)



    Income tax (benefit)/expense





    (37)







    820







    201







    1,564



    EBITDA





    (43,773)







    4,147







    (50,762)







    (340)



    Add/(less):

































    Share-based compensation





    367







    1,519







    3,144







    8,846



    Goodwill impairment[3]





    24,945







    —







    24,945







    —



    Other losses/(gains), net[4]





    4,724







    (784)







    5,056







    (603)



    Convertible notes and shares issuance cost[5]





    —







    —







    —







    202



    Net loss attributable to non-controlling interests[6]





    539







    1,168







    1,028







    1,549



    Share of losses from an equity investee[7]





    26







    33







    40







    59



    Cost related to new business setup or acquisitions[8]





    —







    54







    3







    54



    Adjusted EBITDA





    (13,172)







    6,137







    (16,546)







    9,767





    [3] Goodwill impairment represents the shortfall between the carrying value and the estimated fair value of Marketing Solutions reporting unit due to the volatile

         digital advertising industry for the three months ended June 30, 2022.

    [4] Other losses/(gains), net have been adjusted out, except for amounts of US$1,726 thousand, US$878 thousand, US$2,923 thousand and US$1,412 thousand

         in relation to government grants for the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, respectively.

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

    [6] Net loss attributable to non-controlling interests has been adjusted back because the Company's management regularly reviews EBITDA excluding non-

        controlling interests as a measure of its operational performance.

    [7] 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.

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

     

     

     

    Adjusted net (loss)/income represents net (loss)/income before (i) share-based compensation, (ii) goodwill impairment, (iii) other losses/(gains), net, (iv) convertible notes and shares issuance cost, (v) net loss attributable to non-controlling interests, and (vi) share of losses from an equity investee, and (vii) cost related to new business setup or acquisitions. There is no material tax effects on these non-GAAP adjustments.

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

     





    Three Months Ended

    June 30,





    Six Months Ended

    June 30,







    2022





    2021





    2022





    2021



    Net (loss)/income





    (45,776)







    597







    (55,063)







    (6,873)



    Add/(less):

































    Share-based compensation





    367







    1,519







    3,144







    8,846



    Goodwill impairment[3]





    24,945







    —







    24,945







    —



    Other losses/(gains), net[4]





    4,724







    (784)







    5,056







    (603)



    Convertible notes and shares issuance cost[5]





    —







    —







    —







    202



    Net loss attributable to non-controlling interests[6]





    690







    1,168







    1,343







    1,549



    Share of losses from an equity investee[7]





    26







    33







    40







    59



    Cost related to new business setup or acquisitions[8]





    —







    54







    3







    54



    Adjusted net (loss)/income





    (15,024)







    2,587







    (20,532)







    3,234





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









    Three Months Ended

    June 30,





    Six Months Ended

    June 30,







    2022





    2021





    2022





    2021



    Net (loss)/income:





    (45,776)







    597







    (55,063)







    (6,873)



    Add: Non-GAAP adjustments to net (loss)/income





    30,752







    1,990







    34,531







    10,107



    Adjusted net (loss)/income





    (15,024)







    2,587







    (20,532)







    3,234





































    Denominator for net (loss)/income per ADS - Weighted

    average

       ADS outstanding





    100,348,946







    96,262,253







    99,845,054







    95,321,164





































    Denominator for diluted adjusted net (loss)/income per

       ADS - Weighted average ADS outstanding





    100,348,946







    101,861,423







    99,845,054







    100,920,334





































    Diluted net (loss)/income per ADS





    (0.46)







    0.01







    (0.55)







    (0.07)



    Add: Non-GAAP adjustments to net (loss)/income per ADS





    0.31







    0.02







    0.34







    0.10



    Diluted adjusted net (loss)/income per ADS





    (0.15)







    0.03







    (0.21)







    0.03



     

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/iclick-interactive-asia-group-limited-reports-2022-second-quarter-unaudited-financial-results-301612401.html

    SOURCE iClick Interactive Asia Group Limited

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      3/12/25 5:06:55 PM ET
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    • SEC Form 424B3 filed by iClick Interactive Asia Group Limited

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

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

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    • 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
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    • 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
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    • SEC Form SC 13G/A filed by iClick Interactive Asia Group Limited (Amendment)

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      2/14/24 12:45:31 PM ET
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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    • 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
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      Computer Software: Prepackaged Software
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    • 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

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    • 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
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    • 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
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