iClick Interactive (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, is reporting on its unaudited financial results for the third quarter, ending Sept. 30, 2022. The report indicates that ICLK’s Enterprise Solutions revenue showing a 16% quarter-over-quarter growth, with the division’s revenues contribution reaching a record-high of 39%. In addition, the company also announced that it has regained compliance with the NASDAQ minimum-bid price requirement; the company received a letter from the Listing Qualifications Department of the exchange noting the chance. According to the letter, the closing bid price of the company’s ADSs has been at $1 or greater per ADS for 10 consecutive business days from Nov. 14, 2022, through Nov. 28, 2022. “The company has maintained a prudent cash position in order to operate in this volatile macro environment and embrace opportunities for potential economic recovery,” said iClick cofounder, chair and CEO Jian “T.J.” Tang in the press release. “In the third quarter of 2022, the company recorded sequential growth in its total revenue with Marketing Solutions revenue increasing slightly and Enterprise Solutions revenue growing by 16% quarter-over-quarter. Our core teams and products remain intact, and we continue to strengthen our capabilities in offering valuable services to our clients. We remain confident that strong demand for digital transformation and online advertising will resume as China’s economy continues to grow.”
About iClick Interactive Asia Group Limited
iClick is a leading enterprise and marketing cloud platform in China. The company’s mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in 11 locations across Asia and Europe. For more information about the company, please visit www.iClick.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://ibn.fm/ICLK
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