Canada · Delayed Price · Currency is CAD illumin Holdings Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 2026 revenue of CAD 50.2 million marked a 52% year-over-year increase, led by 108% growth in exchange services and a rebound in DSP. Gross margin declined due to revenue mix, but cost containment and platform investments drove a return to profitability and positive adjusted EBITDA.
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The meeting confirmed quorum, approved all board nominees, auditor appointment, and the LTIP Renewal Resolution. Voting was conducted electronically, and no shareholder questions were raised during the Q&A.
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Q1 2026 revenue rose 20% year-over-year to CAD 35 million, led by Exchange service growth, but gross margin declined to 35.4% due to revenue mix. Net loss widened to CAD 3.2 million, and the CEO is focused on margin improvement, profitability, and M&A.
Fiscal Year 2025
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2025 saw a strategic pivot to an AI-driven, outcomes-based platform, with strong exchange growth and sequential self-service gains offsetting managed service declines. Gross margin fell due to revenue mix, but cost controls and platform investments position the business for improved profitability in 2026.
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Q3 2025 saw 5% revenue growth year-over-year, led by a 103% surge in Exchange service revenue, while Managed service declined due to market headwinds. Gross margin fell to 38% but is expected to rebound in Q4 as operational restructuring and product innovation continue.
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Q2 2025 saw 13% revenue growth, led by a 114% surge in exchange service and steady self-service gains, while managed service declined due to macro headwinds. Cost reductions and restructuring are underway to improve profitability, with benefits expected by year-end.
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The meeting confirmed quorum, approved all director nominees, and reappointed the auditors. Voting was conducted electronically, and no shareholder questions were submitted during the Q&A session.
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Q1 2025 saw 17% revenue growth, led by a 148% surge in Exchange services, while self-service added 18 new clients and managed services declined due to macroeconomic headwinds. Investments in platform enhancements and AI forecasting are expected to drive future growth.
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A new leadership team has revitalized the business by stabilizing Managed Services, accelerating Self-Service growth, and leveraging Exchange opportunistically. Financial performance has improved, with positive EBITDA and strong cash reserves. Strategic partnerships and unique platform features position the company for growth in CTV, display, and retail media.
Fiscal Year 2024
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Delivered record Q4 and full year 2024 results with 35% revenue growth in Q4, driven by strong gains in self-service, managed service, and exchange services. Operational efficiencies and new product features boosted profitability, while the outlook remains positive despite macroeconomic headwinds.
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Q3 2024 saw record revenue of CAD 36.3 million, up 23% year-over-year, with Illumin Self-Serve revenue surging 64% and Adjusted EBITDA up 200%. Managed Services returned to growth, and strong sales initiatives and product enhancements drove broad-based gains.
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A leading ad tech platform reported strong Q2 growth in self-service, now 30% of revenue, and improved profitability. Strategic focus is on expanding both self-service and managed services, leveraging AI and omni-channel insights to drive future growth.
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Q2 2024 saw strong 61% year-over-year growth in Illumin Self-Serve revenue, offsetting managed services declines and driving improved Adjusted EBITDA and a reduced net loss. Operational discipline, new leadership hires, and share repurchases position the company for a return to revenue growth in Q3.
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The meeting confirmed quorum, outlined virtual procedures, and saw the election of seven directors and approval of auditors. No shareholder questions were received, and all voting outcomes will be publicly disclosed.