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

    11/30/22 7:00:00 AM ET
    $ICLK
    Computer Software: Prepackaged Software
    Technology
    Get the next $ICLK alert in real time by email

    - Enterprise Solutions revenue 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.

    (PRNewsfoto/iClick Interactive Asia Group Limited)





    Three Months Ended September 30,





    2022



    2021



    Percentage

    change





    (US$ in thousands)









    (Unaudited)





    Financial Metrics:













    Revenue













    Marketing Solutions



    24,987



    66,556



    (62) %

    Enterprise Solutions



    16,041



    20,261



    (21) %

    Total revenue



    41,028



    86,817



    (53) %

    Gross profit



    9,201



    21,718



    (58) %

    Net loss



    (19,400)



    (2,632)



    N/M

    Adjusted EBITDA[1]



    (8,453)



    3,580



    N/M

    Adjusted net (loss)/income[1]



    (10,185)



    827



    N/M

    Diluted adjusted net (loss)/income per American Depositary Shares

    ("ADS")[1],[2]



    (0.10)



    0.01



    N/M

    Operating Metrics:













    Gross billing



    61,748



    195,405



    (68) %



    [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.

    [2] On November 14, 2022, the Company changed the ratio of the ADS representing its Class A ordinary shares from one ADS representing one-half of one Class A ordinary share to one ADS

    representing five Class A ordinary shares. The diluted adjusted net (loss)/income per ADS as presented in this document has not been retrospectively adjusted to reflect the impact of the ratio

    change on the ADS.

    Jian "T.J." Tang, Chairman, Chief Executive Officer and Co-Founder of iClick, said, "The Company has maintained a prudent cash position in order to operate in this volatile macro environment and embrace opportunities for potential economic recovery. In the third quarter of 2022, the Company recorded sequential growth in its total revenue with Marketing Solutions revenue increasing slightly and Enterprise Solutions revenue growing by 16% quarter-over-quarter. Our core teams and products remain intact, and we continue to strengthen our capabilities in offering valuable services to our clients. We remain confident that strong demand for digital transformation and online advertising will resume as China's economy continues to grow."  

    Third Quarter 2022 Results:

    Revenue for the third quarter of 2022 was US$41.0 million, compared with US$86.8 million for the third quarter of 2021, mainly due to the decrease in revenue from Marketing Solutions.

    Revenue from Marketing Solutions declined to US$25.0 million for the third quarter of 2022, compared with US$66.6 million for the third 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 and consumer sentiment with respect to the uncertainties of the macro economic environment from pandemic impact, which led to a broad-based advertising market slowdown in China.

    Revenue from Enterprise Solutions was US$16.0 million for the third quarter of 2022, compared with US$20.3 million for the third quarter of 2021. The decline in revenue was primarily due to challenges from the pandemic and lockdowns, which affected the progress of our client on-boarding and solution implementation in 2022.

    Gross profit for the third quarter of 2022 was US$9.2 million, compared with US$21.7 million for the third quarter of 2021, aligned with the decline in revenue. Gross profit margin decreased to 22.4% for the third quarter of 2022 from 25.0% for the third quarter of 2021, as a result of weak advertising market in China.

    Total operating expenses were US$20.8 million for the third quarter of 2022, compared with US$24.1 million for the third quarter of 2021. The change is primarily due to a decrease in share-based compensation expenses as well as savings on staff cost and promotional expenses in connection with our cost optimization.

    Operating loss was US$11.6 million for the third quarter of 2022, compared with US$2.3 million for the third quarter of 2021. This decline was as a result of the decrease in gross profit.

    Goodwill impairment of US$3.7 million was recorded for the third quarter of 2022 for Marketing Solutions reporting unit. This partial, non-cash impairment charge was primarily due to the tailing impact of COVID-19 lockdowns, which resulted in a shortfall between the carrying value and the estimated fair value of this reporting unit as of September 30, 2022.

    Net loss totalled US$19.4 million for the third quarter of 2022, compared with US$2.6 million for the third quarter of 2021, mainly attributed to operating loss of US$11.6 million, goodwill impairment of US$3.7 million and impairment of equity investments of US$3.4 million.

    Net loss attributable to the Company's shareholders per basic and diluted ADS for the third quarter of 2022 were US$0.19, compared with a net loss attributable to the Company's shareholders per basic and diluted ADS of US$0.02 for the third quarter of 2021.

    Adjusted EBITDA for the third quarter of 2022 was a loss of US$8.5 million, compared with earnings of US$3.6 million for the third quarter of 2021. 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 loss for the third quarter of 2022 was US$10.2 million, compared with an adjusted net income of US$0.8 million in the third quarter of 2021. For a reconciliation of the Company's adjusted net (loss)/income from net loss, its most comparable GAAP measure, please refer to "Unaudited Reconciliations of GAAP and Non-GAAP Results."

    Gross billing[3] was US$61.7 million for the third quarter of 2022, compared with US$195.4 million for the third quarter of 2021, primarily contributed by the contraction in Marketing Solutions segment.

    As of September 30, 2022, the Company had cash and cash equivalents, time deposits and restricted cash of US$99.9 million, compared with US$88.7 million as of December 31, 2021.

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

    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 September 30, 2022, the aggregate value of purchased shares was approximately US$7.3 million.

    Conference Call

    The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 30, 2022 (9:00 PM Beijing/Hong Kong time on November 30, 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/10027062-wh4b2i.html 

    Please note that registered participants will receive their dial in number upon registration.

    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/28t5xvzq

    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 November 30, 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. 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 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

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







    Three Months Ended

       September 30,



    Nine Months Ended

       September 30,





    2022



    2021



    2022



    2021

    Revenue



    41,028



    86,817



    126,482



    231,379

    Cost of revenue



    (31,827)



    (65,099)



    (92,030)



    (165,776)

    Gross profit



    9,201



    21,718



    34,452



    65,603



















    Operating expenses

















    Research and development expenses



    (2,370)



    (2,270)



    (6,788)



    (6,330)

    Sales and marketing expenses



    (10,073)



    (12,706)



    (32,642)



    (42,264)

    General and administrative expenses



    (8,376)



    (9,081)



    (33,720)



    (24,830)

    Total operating expenses



    (20,819)



    (24,057)



    (73,150)



    (73,424)

    Operating loss



    (11,618)



    (2,339)



    (38,698)



    (7,821)

    Interest expense



    (373)



    (1,180)



    (1,686)



    (3,195)

    Interest income



    355



    277



    1,004



    509

    Goodwill impairment



    (3,730)



    —



    (28,675)



    —

    Other (losses)/gains, net



    (3,857)



    940



    (5,990)



    2,955

    Loss before income tax expense and share of losses

       from an equity investee



    (19,223)



    (2,302)



    (74,045)



    (7,552)

    Share of losses from an equity investee



    (20)



    (25)



    (60)



    (84)

    Income tax expense



    (157)



    (305)



    (358)



    (1,869)

    Net loss



    (19,400)



    (2,632)



    (74,463)



    (9,505)

    Net loss attributable to noncontrolling interests



    436



    311



    1,817



    1,860

    Net loss attributable to iClick Interactive Asia

       Group Limited's ordinary shareholders



    (18,964)



    (2,321)



    (72,646)



    (7,645)



















    Net loss



    (19,400)



    (2,632)



    (74,463)



    (9,505)

    Other comprehensive (loss)/income:

















    Foreign currency translation adjustment, net of

       US$nil tax



    (798)



    141



    (3,706)



    2,229



















    Comprehensive loss



    (20,198)



    (2,491)



    (78,169)



    (7,276)

    Comprehensive loss attributable to noncontrolling

       interests



    466



    311



    1,899



    1,784

    Comprehensive loss attributable to iClick Interactive

       Asia Group Limited's ordinary shareholders



    (19,732)



    (2,180)



    (76,270)



    (5,492)



















    Net loss per ADS attributable to iClick Interactive

       Asia Group Limited's ordinary shareholders[2]

















    — Basic



    (0.19)



    (0.02)



    (0.72)



    (0.08)

    — Diluted



    (0.19)



    (0.02)



    (0.72)



    (0.08)



















    Weighted average number of ADS used in per

       share calculation:

















      — Basic



    101,274,236



    97,110,704



    100,561,336



    95,924,233

    — Diluted



    101,274,236



    97,110,704



    100,561,336



    95,924,233

     

     

    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, 2022



    As of

    December 31,

    2021

    Assets









    Current assets









    Cash and cash equivalents, time deposits and restricted cash



    99,897



    88,717

    Accounts receivable, net of allowance for doubtful receivables of US$33,533 and

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



    71,208



    187,261

    Other current assets



    45,639



    75,288

    Total current assets



    216,744



    351,266











    Non-current assets









    Goodwill



    51,775



    81,674

    Intangible assets



    51,430



    53,713

    Other assets



    36,292



    21,081

    Total non-current assets



    139,497



    156,468











    Total assets



    356,241



    507,734











    Liabilities and equity









    Current liabilities









    Accounts payable



    31,565



    66,587

    Bank borrowings



    39,116



    75,530

    Other current liabilities



    60,718



    58,728

    Total current liabilities



    131,399



    200,845











    Non-current liabilities









    Other liabilities



    15,890



    15,300

    Total non-current liabilities



    15,890



    15,300











    Total liabilities



    147,289



    216,145

    Equity









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

       as of September 30, 2022 and December 31, 2021, respectively; 43,734,301

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

       and December 31, 2021, respectively)



    44



    43

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

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

       issued and outstanding as of September 30, 2022 and December 31, 2021,

       respectively)



    5



    5

    Treasury shares (5,284,300 shares and 2,323,802 shares as of September 30, 2022

       and December 31, 2021, respectively)



    (28,173)



    (20,908)

    Other reserves



    232,573



    305,212

    Total iClick Interactive Asia Group Limited shareholders' equity



    204,449



    284,352

    Noncontrolling interests



    4,503



    7,237











    Total equity



    208,952



    291,589











    Total liabilities and equity



    356,241



    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 before (i) depreciation and amortization, (ii) interest expense, (iii) interest income, (iv) income tax 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 for the periods indicated:





    Three Months Ended

       September 30,



    Nine Months Ended

       September 30,





    2022



    2021



    2022



    2021

    Net loss



    (19,400)



    (2,632)



    (74,463)



    (9,505)

    Add/(less):

















    Depreciation and amortization



    1,633



    1,641



    5,069



    4,827

    Interest expense



    373



    1,180



    1,686



    3,195

    Interest income



    (355)



    (277)



    (1,004)



    (509)

    Income tax expense



    157



    305



    358



    1,869

    EBITDA



    (17,592)



    217



    (68,354)



    (123)

    Add/(less):

















    Share-based compensation



    334



    3,424



    3,478



    12,270

    Goodwill impairment[4]



    3,730



    —



    28,675



    —

    Other losses/(gains), net[5]



    4,676



    (277)



    9,732



    (880)

    Convertible notes and shares issuance cost[6]



    —



    —



    —



    202

    Net loss attributable to noncontrolling interests[7]



    379



    191



    1,407



    1,740

    Share of losses from an equity investee[8]



    20



    25



    60



    84

    Cost related to new business setup or acquisitions[9]



    —



    —



    3



    54

    Adjusted EBITDA



    (8,453)



    3,580



    (24,999)



    13,347



    [4] 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 2022. 

    [5] Other losses/(gains), net have been adjusted out, except for amounts of US$819 thousand, US$663 thousand, US$3,742 thousand and US$2,075 thousand in

    relation to government grants for the three months ended September 30, 2022 and 2021 and for the nine months ended September 30, 2022 and 2021,

    respectively. 

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

    [7] 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. 

    [8] 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.

    [9] 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 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 for the periods indicated:





    Three Months Ended

       September 30,



    Nine Months Ended

       September 30,





    2022



    2021



    2022



    2021

    Net loss



    (19,400)



    (2,632)



    (74,463)



    (9,505)

    Add/(less):

















    Share-based compensation



    334



    3,424



    3,478



    12,270

    Goodwill impairment[4]



    3,730



    —



    28,675



    —

    Other losses/(gains), net[5]



    4,676



    (277)



    9,732



    (880)

    Convertible notes and shares issuance cost[6]



    —



    —



    —



    202

    Net loss attributable to noncontrolling interests[7]



    455



    287



    1,798



    1,836

    Share of losses from an equity investee[8]



    20



    25



    60



    84

    Cost related to new business setup or acquisitions[9]



    —



    —



    3



    54

    Adjusted net (loss)/income



    (10,185)



    827



    (30,717)



    4,061

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





    Three Months Ended

       September 30,



    Nine Months Ended

       September 30,





    2022



    2021



    2022



    2021

    Net loss:



    (19,400)



    (2,632)



    (74,463)



    (9,505)

    Add: Non-GAAP adjustments to net loss



    9,215



    3,459



    43,746



    13,566

    Adjusted net (loss)/income



    (10,185)



    827



    (30,717)



    4,061



















    Denominator for net loss per ADS - Weighted

       average ADS outstanding



    101,274,236



    97,110,704



    100,561,336



    95,924,233



















    Denominator for diluted adjusted net (loss)/income

       per ADS - Weighted average ADS outstanding



    101,274,236



    102,437,548



    100,561,336



    101,251,077



















    Diluted net loss per ADS



    (0.19)



    (0.03)



    (0.74)



    (0.10)

    Add: Non-GAAP adjustments to net loss per ADS[2]



    0.09



    0.04



    0.43



    0.14

    Diluted adjusted net (loss)/income per ADS[2]



    (0.10)



    0.01



    (0.31)



    0.04

     

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/iclick-interactive-asia-group-limited-reports-2022-third-quarter-unaudited-financial-results-301690054.html

    SOURCE iClick Interactive Asia Group Limited

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      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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    • 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
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    • 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
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    • 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
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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
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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
      Computer Software: Prepackaged Software
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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 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
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