Earnings release
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August 16 , 2021 [ K ] ubient Kubient Reports Second Quarter 2021 Results NEW YORK , Aug. 16 , 2021 / PRNewswire / --Kubient , Inc. ( NasdaqCM : KBNT , KBNTW ) ( " Kubient " or the " Company " ) , a cloud - based software platform for digital advertising , today reported financial results for the second quarter ended June 30 , 2021 . [ K ] ubient Second Quarter 2021 and Recent Operational Highlights • Revealed figures on the state of ad fraud as identified by the company's proprietary ad fraud detection tool , Kubient Artificial Intelligence ( " KAI " ) • Hired Mike Gavigan and Mark St. Amour as Vice Presidents of Performance Media • Joined the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution • Elected digital advertising experts Jon Bond and Larry Harris as new members of the Board of Directors Onboarded Kim Kahn as VP of People Operations • Appointed former MediaMath and DoubleVerify executive , Leon Zemel , as Chief Product Officer • Publisher inventory that Kubient can monetize , or ad impression opportunities , for the Audience Cloud , Kubient's flexible open marketplace for both advertisers and publishers to reach , monetize and connect their audiences , increased 54.6 % from Q1 2020 to Q2 2021 • The number of total direct publisher partnerships that have authorized Kubient to sell their inventory is currently 3,568 • During the three months ended June 30 , 2021 , the number of KAI audits scheduled by prospective customers was 13. For the first six - months of 2021 , the Company has scheduled 27 KAI audits Management Commentary " The past few months have been encouraging , as we executed a non - binding LOI with an acquisition target , witnessed a surge in demand for KAI audits from prospective customers and supplemented our senior leadership team with highly experienced individuals , " said Kubient Founder , Chairman , CSO , and Interim CEO Paul Roberts . " After an extensive M & A vetting process , we believe that we have identified an ad - tech company that has created a unique ad unit for publishers to monetize their traffic . This company could provide us access to the publishers , brands and DSPs that use this technology to sell and buy media ,