- Adjusted EBITDA increases 54% in quarter to $4.8 million
- Cogint’s information services segment revenues rose 39% in quarter
- Pay Per Call, a new product, generated $1.5 million in additional sales in 2Q2017, as wide range of ‘vertical’ clients adopted it
Cogint, Inc. (NASDAQ: COGT) revenues reached $53 million for the second quarter ended June 30, 2017, a 29% rise as compared to the same period in 2016. Sales for the first half of 2017 ended the same date increased to $103.8 million, also a 29% spike from the prior year, the company announced (http://nnw.fm/L6Int).
Cogint is a cloud-based data analytics company with proprietary algorithm technology platforms, such as CORE™ and Agile Audience Engine™, which are applicable to a multitude of industries. The company’s goal is to achieve return-on-investment driven results for clients. The firm uses data fusion and customized analytics to help clients manage risk, identify fraud and abuse, collect debts and acquire new customers.
In a news release, Derek Dubner, chief executive officer of Cogint, said, “We delivered a very strong quarter with revenues of $53 million, up 29% versus the second quarter of 2016, and adjusted EBITDA of $4.8 million, up 54%, driven by enterprise-wide adoption of our products and solutions. Given our innovative-driven product roadmap and the increasing momentum we experienced throughout the quarter, we are very optimistic about the second half of 2017.”
Key to the gains were a 39% jump in sales within information services, a 24% boost in performance marketing and revenue from its new Pay Per Call ad format, which was introduced in December 2016 and generated $1.5 million in additional sales in 2Q2017.
CORE™ is the company’s own next-generation data fusion platform, applicable to a variety of industries. These range from insurance and financial services companies to law enforcement, health care, law firms, government and others.
The Agile Audience Engine™ assists retailers, brands and marketers with customer identification on a massive scale. It targets consumers through personal identification information for the packaged goods, financial services and entertainment industries, among others. What helps make Cogint unique in this sector is its high 80% use of mobile devices for consumer interaction.
For more information, visit the company website at www.Cogint.com
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