Audience Modeling Revenue Growth
Audience Modeling (IntentKey) revenue increased 13% year-over-year in Q1, driven by deeper spend from existing IntentKey clients and early wins from a sharpened go-to-market strategy; management forecasts continued strong double-digit year-over-year growth for Audience Modeling each quarter in 2026.
Product and Integration Momentum
Completed DSP and SSP integrations in Q1 and announced integration of IntentKey into FreeWheel's Buyer Cloud; launched an updated IntentKey platform with enhanced AI modeling, contextual analysis and iterative model building; in-progress integration into a premium connected TV supplier (CTV market noted as growing ~15% annually).
New Logos, Pilots and Strengthening Pipeline
Added 5 new logos in Q1 (management noted 3 of these are Fortune 500 companies and 2 were IntentKey clients), launched pilot programs with 2 major logos leveraging new integrations, and reported a robust IntentKey sales pipeline with larger enterprise and government opportunities in queue (sales cycle 6–9 months).
Operating Expense Reduction
Operating expenses were $7.5 million in Q1, down $15.3 million year-over-year; marketing costs were substantially lower versus prior year; headcount reductions associated with Legacy Search lowered ongoing cost base (company reported significant reductions to align with higher-margin focus).
One-Time Liquidity Events and Reported Net Income
In January, the company received $6.2 million from a class action settlement and entered a $3.3 million subordinated convertible note; these items helped offset operating losses and produced reported net income of $1.9 million in Q1 versus a net loss of $1.3 million in the prior-year period.