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acuity AcuityAds Reports Second Quarter 2021 Financial Results Generated $ 30.3 million in Revenue and $ 5.4 million in Adjusted EBITDA Self - Serve Advertising Automation Platform , illumin , Generated $ 5.2 million in Revenue Completed a US $ 57.5 million Cross - Border Offering and Successful Listing on the Nasdaq Capital Market TORONTO and NEW YORK - Aug 10 , 2021 - AcuityAds Holdings Inc. ( TSX : AT , Nasdaq : ATY ) ( “ AcuityAds " or " Company " ) , the technology leader in consumer journey based advertising automation , today reported financial results for the three and six months ended June 30 , 2021. Unless otherwise specified , all amounts are in Canadian dollars . Second Quarter 2021 Highlights • • • • Total revenue for the three months ended June 30 , 2021 was $ 30.3 million , a 54.9 % increase year- over - year , and a 74.9 % increase on a constant currency basis . Revenue growth was largely driven by our new advertising automation platform , illumin , and newer emerging verticals such as pharmaceutical , technology , automotive and direct - to - consumer brands . Gross margin for the three months ended June 30 , 2021 was 52.2 % compared to 51.7 % for the same period in 2020 , an increase of 50 basis points . Net revenue or gross profit ( revenue less media costs ) for the three months ended June 30 , 2021 was $ 15.8 million , compared to $ 10.1 million for the same period in 2020 , an increase of 56.4 % . Adjusted EBITDA increased over 154 % to $ 5.4 million for the three months ended June 30 , 2021 , compared to $ 2.1 million during the comparable prior year period . Adjusted EBITDA margin as a percentage of total revenue was 18 % and as a percentage of net revenue was 34.4 % . Adjusted EBITDA for the trailing 12 - month period totaled $ 21.8 million , an increase of 88.7 % from the comparable period last year . • Total Connected TV segment revenue for the first quarter of 2021 grew over 400 % , compared to the second quarter of 2020 . • illumin second quarter 2021 revenue was $ 5.2 million , up over 60 % compared to the first quarter of 2021 , as previously announced on July 15 , 2021 . • Net Income was $ 3.4 million for the three months ended June 30 , 2021 compared to a net loss of $ 1.6 million for the same period in 2020 . • • • Operating cash flow for the three months ended June 30 , 2021 was $ 3.5 million , compared to operating cash flow of $ 5.3 million for the same period in 2020 . At June 30 , 2021 , the Company had cash and cash equivalents of $ 93.4 million , compared to $ 22.6 million as of December 31 , 2020 . In the quarter , the Company completed a US $ 57.5 million cross - border public offering in the United States and Canada , and is now trading on The Nasdaq Capital Market ( " Nasdaq ” ) under the ticker symbol " ATY " . " We are very pleased to report 55 % revenue growth and 154 % Adjusted EBITDA growth on a year - over- year basis for our second quarter . We saw strength throughout our business including some initial signs of recovery in COVID - affected industries such as travel , leisure and entertainment . This outstanding performance would not have been possible without the hard work of all our team members and I want to thank them for their efforts , " said Tal Hayek , Co - Founder and Chief Executive Officer of AcuityAds . " As we look to the third quarter , based on our current momentum , we expect to generate solid year - over - year revenue and EBITDA growth despite any normal seasonality . "