As part of its recent rebranding, Florida-based cogint (NASDAQ: COGT) in September moved its shares from the NYSE to the NASDAQ Global Market. Commenting on the company’s Q3 2016 financial results, CEO Derek Dubner discussed how the rebranding supports overall growth. “We are experiencing two very important dynamics worthy of mention. First, as I mentioned, we are seeing not only adoption by new customers but increased search volume from existing customers. We saw a greater than 400% compound annual growth rate in idiCORE online transactions for the third quarter 2016. … Second … Customers are executing long-term contracts with us. We attribute this to several factors. These include, positive customer impressions of our solution as to both usability and the understanding of what lies ahead in this product roadmap” (transcript by SeekingAlpha). COGT reported Q3 2016 revenue of $52.2 million, a 27% increase over the previous quarter; net loss of $9.7 million; and adjusted EBITDA of $3.2 million. The company also guided for full-year revenues of $183 million – $187 million.
To view the earnings press release, visit: http://nnw.fm/S8wSm
About cogint™
cogint™ leverages powerful analytics to transform data into intelligence, in a fast and efficient manner. Through leading-edge, proprietary technology and a massive data repository, the company’s data and analytical solutions harness the power of data fusion, uncovering the relevance of disparate data points and converting them into comprehensive and insightful views of people, businesses, assets and their interrelationships. cogint empowers clients across markets and industries to better execute all aspects of their business, from managing risk, conducting investigations, identifying fraud and abuse, and collecting debts, to identifying and acquiring new customers.
For more information visit www.cogint.com
About NetworkNewsBreak
NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, visit https://www.networknewswire.com.
Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.net
