Kubient, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 04:06 pm EDT
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Kubient, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.400351 million compared to USD 0.497568 million a year ago. Net loss was USD 5.81 million compared to USD 1.7 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.12 a year ago.
For the six months, sales was USD 1.65 million compared to USD 1.21 million a year ago. Net loss was USD 9.44 million compared to USD 3.5 million a year ago. Basic loss per share from continuing operations was USD 0.66 compared to USD 0.26 a year ago.
Kubient, Inc. is a technology company. The Company provides Audience Marketplace, a cloud-based software platform for real-time trading of digital, programmatic advertising. Its platform enables advertisers and publishers to transact directly with each other on an open, end-to-end real-time bidding platform for programmatic digital advertising. Its advertising inventory on its platform is available in any channel: desktop, mobile, digital out-of-home, and connected devices; and in any format: video, display, audio, and native. Its fully integrated audience platform provides a fraud-minimized, transparent, independent advertising marketplace that facilitates intelligent decision-making, and automated transaction execution for the programmatic advertising industry. Its platform offers a machine learning fraud prevention solution, extremely low latency times and an audience management platform, which provides omni-channel access into all advertising channels, inventory and ad formats.