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iClick Interactive Asia Group Ltd. (ICLK) Stock Ascending Higher Premarket as it Gears for Q4 Earnings Release.

iClick Interactive Asia Group Ltd. (ICLK) is a leading enterprise and marketing cloud portfolio empowering the global markets to unlock the huge market potential of smart retail. The company’s full suite of data-driven solutions helps drive important business development and profitability throughout its full customer lifecycle.


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ICLK stock price during the regular trading session of March 23, 2022, swelled by 9.09% to be $1.68. Its price rocketed further as of the writing in the premarket session of March 24, 2022, by 23.2%.

ICLK: Events and Happenings

On March 14, 2022, ICLK updated on the entry into a contract by its subsidiary for the acquisition of the remaining equity interest of Changyi Information Technology Co. About the purchase, the company will pay RMB6.0 million and it will issue its 3,091,327 ADS. Changyi is the company’s-controlled investee.

On March 10, 2022, ICLK stated to release Q4 2021 financial statement on March 24, 2022 (today). On January 25, 2022, ICLK announced the appointment of David Tiezhu Zhang as its CFO and as a member of its Board of Directors of the company with effect from January 31, 2022.

ICLK: Key Financials

ICLK issued its third-quarter 2021 consolidated financial statement on November 30, 2021, for the three months ended September 30, 2021. Some of the notable features are mentioned below.

Revenue

The company posted revenue of $86.8 million in Q3 2021 against the same quarter of 2020 when revenue was recorded to be $68.9 million. Its revenue grew by approximately 26% YoY. The company surpasses the revenue target by $765.6 thousand

EPS

Basic and diluted net loss per ADS during Q3 2021 was $2.63 million or $0.02 corresponding to $7.09 million or $0.08 during the comparable third quarter of 2020. The company’s EPS inclined considerably YoY.

Conclusion

ICLK stock is 85% down in the previous year due to the economic stagnation as a result of the pandemic. The current premarket stock momentum is likely attributed to the company’s earnings release call scheduled for today. The revenue and EPS outlook of the company is $91 million and -$0.02 respectively.

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