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17 Jan 2019 07:00
17 January 2019
Taptica International Ltd
("Taptica" or the "Company")
Trading Update and Notice of Results
Taptica (AIM: TAP), a global leader in advertising technologies for performance-based mobile marketing and brand advertising, is pleased to report that it closed the financial year to 31 December 2018 in line with management expectations.
As at 31 December 2018, the Company had net cash of $54.4 million, which was following a $2.7 million dividend paid to shareholders on 20 November 2018 (30 June 2018: $42.1 million).
Further to the announcement made on 3 January 2019, the Company can confirm that it remains in discussions with a potential acquisition target. Further announcements will be made in due course and there can be no certainty that any transaction will follow or regarding the terms of any such transaction.
The Company will announce its full year results for the twelve months ended 31 December 2018 on Tuesday 26 March 2019.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information please contact:
Taptica | +972 3 545 3900 |
Tim Weller, Non-Executive Chairman Yaniv Carmi, Chief Financial Officer | |
finnCap | +44 20 7220 0500 |
Corporate Finance: Jonny Franklin Adams, James Thompson, Hannah Boros | |
Corporate Broking: Tim Redfern | |
Berenberg | +44 20 3207 7800 |
Chris Bowman, Mark Whitmore | |
Luther Pendragon | +44 20 7618 9100 |
Harry Chathli, Claire Norbury | |
About Taptica
Taptica International Ltd is a global leader in advertising technologies that operates in more than 70 countries. It has two revenue streams: performance-based marketing, provided by its Taptica business, and brand advertising, provided by its Tremor Video DSP business.
The Taptica business is an end-to-end mobile technology advertising platform that helps the world's top brands reach their most valuable users with the widest range of traffic sources available today. Its proprietary technology leverages big data and, combined with state-of-the-art machine learning, enables quality media targeting at scale. It works with more than 600 advertisers including Amazon, Disney, Twitter, OpenTable, Expedia and Zynga.
Tremor Video DSP is the leading programmatic video platform, matching advertisers with audiences - wherever they may be. Delivering custom video experiences across all screens, Tremor Video DSP helps advertisers tell captivating brand stories to create meaningful, personalised moments with prospective customers. Tremor Video DSP works with the top agencies and advertisers in the US.
Taptica International Ltd is headquartered in Israel with offices in San Francisco, New York, Tokyo (Adinnovation), Beijing, Seoul and London, and is traded on the London Stock Exchange (AIM: TAP).
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