From The Chairman
FY19 saw a major turnaround in financial results following the Company reset in late February 2018. Following a full financial year of disciplined execution, the Company successfully delivered strong revenue growth while simultaneously reducing costs, resulting in vastly improved EBITDA and NPAT.
The Global Head of Programmatic at the Financial Times (FT), Jessica Barrett, has spoken glowingly about her experience with Adslot on the highly-regarded industry Podcast, ExchangeWire, noting "This has been going really successfully, not just for the additional revenue, but it's the first product I've ever worked on in 10 years of ad operations where everybody is happy."
MarTech News, an Industry-leading news site, published an article about an Adslot case study wherein Adslot delivered impressive results for a client who was testing against PMP campaigns.
Adslot recently signed with the three major publishers: Bloomberg, Financial Times, and, DMG Media (Daily Mail, This Is Money). These significantly enhance and expand Adslot’s available inventory offering to advertisers, which in turn is expected to drive activity and bookings on the platform in future quarters.
I'm pleased to announce that the Company has completed a $4.0M placement to sophisticated and institutional investors today, which will allow the Company to continue its investment in Adslot Media in the US market, where we are making strong progress now.