Revenue Update on Sizmek Inc(NASDAQ:SZMK)

Sizmek Inc(NASDAQ:SZMK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $48.90M. Analysts estimated a revenue of $44.80M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.14.

Sizmek Inc (SZMK) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.26% at a volume of 1,30,726. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.88. The peak price level was also seen at $3.88 while the days lowest was $3.86. Finally the shares closed at $3.87. The 52-week high of the shares is $7.24 while the 52-week low is $2.09. According to the latest information available, the market cap of the company is $113 M.

Sizmek Inc. (Sizmek) is an open ad management company. The Company operates an independent online ad campaign management and distribution platform as measured by the number of advertising impressions served and the number of countries in which it serves customers. The Company helps advertisers agencies and publishers engage with consumers across multiple online media channels (mobile display rich media video and social). Its online campaign management platform Sizmek MDX helps advertisers agencies and publishers in managing their advertising budgets across multiple online media channels and formats such as desktop mobile rich media social media in-stream video interactive video display and search. Its online ad serving technologies are divided into three categories which include distribution technologies analysis technologies and logic technologies. It connects approximately 17000 advertisers and over 3500 agencies to audiences in approximately 60 countries.

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