| Over a month ago | ||||
Kubient has appointed… Kubient has appointed Leon Zemel as the new Chief Product Officer. Zemel was most recently Senior VP of Programmatic and Platform Product at DoubleVerify. He has also driven product innovation for large scale ad:tech companies such as MediaMath in addition to leading all programmatic product at DoubleVerify. In addition to Zemel, Kubient also recently added two senior level team members: Larry Mlawksi joins the company as Director of Client Success, and Alexis Bryers, a former Sales Director at GeoEdge, joins the company as Vice President of KAI Partnerships. | ||||
New option listings for… New option listings for April 7th include Atlas Crest Investment Corp (Class A Stock) (ACIC), ARK Space Exploration and Innovation (ARKX), AST SpaceMobile Inc (Class A Stock) (ASTS), Churchill Capital Corp V (Class A Stock) (CCV), Entera Bio Ltd (ENTX), Gatos Silver Inc (GATO), Hutchinson China MediTech (HCM), Kubient Inc (KBNT), Roundhill Mvp Etf (MVP), Duckhorn Portfolio Inc (NAPA), Olo Inc (Class A Stock) (OLO), PureCycle Technologies Inc (PCT), PDS Biotechnology Corp (PDSB), Osprey Technology Acquisition Corp (Class A Stock) (SFTW), iShares Treasury (SHV), SVF Investment Corporation (Units) (SVFAU), SPDR DoubleLine Total Return Tactical ETF (TOTL), WisdomTree Bloomberg Floating Rate Treasury Fund (USFR), Janus Henderson Short Duration Income ETF (VNLA), Vanguard Short Term Inflation Protected Securities Index Fund (VTIP), and Vanguard International High Dividend Yield ETN (VYMI). Option delistings effective April 7th include New Povidence Acquisition Corporation (Class A Stock) (NPA) and Pluralsight Inc (Class A Stock) (PS). | ||||
Maxim analyst Jack Vander… Maxim analyst Jack Vander Aarde raised the firm's price target on Kubient to $13 from $10 and keeps a Buy rating on the shares. The company's Q4 revenue "significantly" beat his expectations, accelerating to 309% from Q3 as ad opportunities within its marketplace continued at a rapid pace, the analyst tells investors in a research note. Vander Aarde adds that Kubient's revenue growth will continue to accelerate as the company builds out its sales team to attract more demand-side customers. | ||||
| Over a quarter ago | ||||
Reports Q4 revenue $1.1M,… Reports Q4 revenue $1.1M, consensus $500K. As of March 24, 2021, the Company had approximately $32.0 million of cash on hand. "We concluded 2020 and entered the new year with significant momentum and an underlying core theme of growth across every facet of our business," said Interim CEO Paul Roberts. "We are encouraged by the traction we've been receiving from new partners, such as Google, and The Associated Press, as we intend to develop the supply-side of the Audience Cloud with a premium base of publishers. With that said, we are continuing our sales efforts in scaling the flip side of our marketplace with brands and ad agencies to capitalize on the dollar potential and maximize ROI. *...( With KAI as a stand-alone product completed and the near consummation of our self-serve DSP, we are setting ourselves up for success. Our team has been encouraged by the expanding portfolio of products, partners, and opportunities ahead for Kubient. Going forward, as we head into our first full year as a publicly traded company, we remain optimistic about our value proposition and look forward to expanding our footprint and capitalizing on the growing tailwinds within the digital advertising ecosystem." | ||||
Kubient announced that it… Kubient announced that it has engaged Lake Street Capital Markets, a research-powered investment bank focused on growth companies, to provide Merger and Acquisition services within the advertising technology ecosystem. More specifically, Lake Street will look for mergers, acquisitions, or strategic investments in complementary businesses, brands, and technologies, which will ultimately allow Kubient to provide innovative solutions for publishers and advertisers. | ||||
Maxim and Joseph Gunnar… Maxim and Joseph Gunnar acted as joint book running managers for the offering. | |
Co-book-running managers… Co-book-running managers include Maxim Group and Joseph Gunnar & Co. | |
The Board of Directors of… The Board of Directors of Kubient, has appointed Chairman, founder and Chief Strategy Officer Paul Roberts as Interim CEO,effective October 31. Roberts succeeds Peter Bordes, who will remain at the Company in his current capacity as a director. "Following our Company's successful IPO in August, I weighed my other obligations and came to the difficult decision to step down from my day-to-day responsibilities as CEO," said Bordes. "While I plan to devote my time and energies on my family and other pursuits, I will also continue in my commitment as a director and work closely with Paul to ensure a seamless transition. Kubient has never been in a stronger position, and I look forward to supporting the leadership team from the board and as a major shareholder to realize the tremendous potential of our disruptive technology." | |
Maxim analyst Jack Vander… Maxim analyst Jack Vander Aarde initiated coverage of Kubient with a Buy rating and $10 price target. The analyst cites the company's efforts to "disrupt" the $325B digital advertising industry, noting that it is positioned for a "solid growth inflection year" with expected net income margin expansion of over 20%. Vander Aarde further cites Kubient's "solid" balance sheet and attractive valuation of 0.9-times enterprise value to his expected 2022 revenue vs. the peers' multiple of 5.6-times. | |
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