Overview

• US audience intelligence firm's Q1 revenue grew yr/yr, gross margin improved to 36%

• Company ended Q1 with $11.4 mln in cash and investments

• Acquisition of Misfits Ads Business expected to add profitable programmatic revenue

Outlook

• Company expects to achieve EBITDA profitability by fiscal year-end

• Company does not anticipate needing to raise capital in the foreseeable future

• Company expects recent acquisition to expand monetization capabilities and strengthen operating model

Result Drivers

• REVENUE MIX IMPROVEMENT - Co said gross margin improvement reflects continued improvement in the quality and structure of its revenue mix and delivery model

• BRAND PARTNERSHIPS - Co said expansion of brand partnerships and multi-platform programs contributed to operational momentum

• ACQUISITION IMPACT - Co said Misfits Ads Business acquisition strengthens operating model with profitable programmatic revenue and expanded monetization capabilities

Company press release: ID:nGNX7X85vj

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$3 mln
Q1 Adjusted EPS		-$0.98
Q1 EPS		-$1.77

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Super League Enterprise Inc is $15.00, about 268.6% above its May 14 closing price of $4.07

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