RhythmOne reported H1 2019 revenue of $175,475, an increase of 53% YoY. Revenue was boosted by completion of the acquisition of YuMe, which added to $58.2m revenues. A change of product mix to higher value inventory enabled the company to increase gross margins increased to 45.2% from 38.1%. Dow Jones received a payment from EQS/DGAP to publish this press release. The company’s net income for Q1 2018 grew to $42.9m compared with a loss of $33.3m in Q4 2017.
RhythmOne reported H1 2019 revenue of $175,475, an increase of 53% YoY. Revenue was boosted by completion of the acquisition of YuMe, which added to $58.2m revenues. A change of product mix to higher value inventory enabled the company to increase gross margins increased to 45.2% from 38.1%. The company’s net income for Q1 2018 grew to $42.9m compared with a loss of $33.3m in Q4 2017.