Cogint, Inc. (NASDAQ: COGT) shares are up 11% in morning trade after the data and analytics company announced preliminary estimates of financial results for the third quarter ended September 30, 2016. The company estimates third-quarter revenue of approximately $51 million to $52 million, a 24% increase over the second quarter of 2016. Gross profit margins are estimated to be in the range of 24% to 26%. Based on “various trends,” the company said it expects revenue for full year 2016 to be in the range of $183 million to $187 million, and revenue for full year 2017 to be in the range of $230 million to $235 million. Cogint will report its third-quarter results on November 3, 2016.
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About Cogint™
Cogint utilizes its proprietary technology platforms to solve complex problems for its clients. Through its intelligent platforms, CORE™ and Agile Acquisition Engine™, Cogint uncovers the relevance of disparate data points to deliver end-to-end, ROI-driven results. The company’s analytical capabilities enable it to build comprehensive datasets in real-time and provide insightful views of people, businesses, assets and their interrelationships. Cogint provides unique and compelling solutions essential to the daily workflow of organizations within both the public and private sectors. The company’s cloud-based, data fusion and customer acquisition technology platforms, combined with its massive database consisting of public-record, proprietary and publicly-available data, as well as a unique repository of self-reported information on millions of consumers, enables the delivery of differentiated products and solutions used for a variety of essential functions throughout the customer life cycle. These essential functions include customer identification and authentication, investigation and validation, and customer acquisition and retention. For more information visit www.cogint.com
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