Acuityads Sees Surge in Self-Service Revenue

Acuityads Holdings (TSE:ILLM) has released an update.

Acuityads Holdings Inc. experienced a self-service revenue surge, reporting a 271% year-over-year increase in Q4 and a 33% rise in the full year of 2023, despite a slight dip in total revenue and a net loss for the year. The company’s strategic shift towards self-service offerings gained traction with a notable uptick in illumin platform utilization and new customer acquisitions. The company also actively repurchased shares, signaling confidence in its long-term strategy.

For further insights into TSE:ILLM stock, check out TipRanks’ Stock Analysis page.