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Company News
Adveritas raises $8.5m to accelerate global expansion and product growth
Fraud-prevention software developer Adveritas (ASX: AV1) has completed an $8.5 million placement to existing shareholders and new institutional investors in support of its global growth strategy. The company will issue approximately 85 million shares priced at $0.10 each, representing a 4.8% discount to the last closing price and a 67% premium to the price of […]
Adveritas releases new TrafficGuard ‘Smart Ranges’ feature to expand customer base
Fraud-prevention software developer Adveritas (ASX: AV1) has released the Smart Ranges development within its flagship TrafficGuard product in an effort to expand its customer value proposition and support contract price increases. The new feature has been designed specifically for gaming and betting clients to address issues related to sophisticated and large-scale activities related to invalid […]
Adveritas reports record high annualised revenue of $3.5m
Ad fraud prevention company Adveritas (ASX: AV1) has reported continued growth in annualised revenue to a record high of $3.55 million underpinned by several new TrafficGuard mobile and pay per click (PPC) contracts. The figure represents a 41% increase since last July and a 23% increase since January. While the new contracts are not individually […]
Adveritas targeting TrafficGuard upgrade with $9m cap raising
Anti-fraud software solutions developer Adveritas (ASX: AV1) has come out of a trading halt to unveil a significant boost to its bank balance. The company has raised an initial $6.5 million and attracted strong commitments from sophisticated investors through an upsized two-tranche share placement. It has also revealed it is aiming to bring in up […]
Blue-chip customers help grow Adveritas annualised revenue to $3.26m
The acquisition of new blue-chip customers has seen Adveritas (ASX: AV1) grow its annualised revenue to around $3.26 million, representing a 30% increase since 1 July and 15% rise since 1 January. Among the new signings is Australia’s largest multi-channel wagering and gaming products group, Tabcorp. Meanwhile, world leading betting and gaming company Superbet has […]
Nasdaq-listed Integral Ad Science lobs $50m bid for Adveritas
Ad fraud prevention company Adveritas (ASX: AV1) is the latest ASX-listed tech stock to be targeted in a global buying-spree after Integral Ad Science (Nasdaq: IAS) launched a bid valuing the company at more than $50 million. Describing itself as a global leader in digital media quality, Integral Ad Science has a US$1.52 billion market […]
Adveritas continues ‘rapid’ growth in annualised recurring revenue
Adveritas’ (ASX: AV1) annualised recurring revenue (ARR) continued to “rapidly grow” during the September quarter (Q1 FY2023), closing out the period 88% higher at $3 million compared to the previous corresponding period. Cash receipts also rose to $593,000 – up 40% on Q1 FY2022 levels. Adveritas co-founder and chief executive officer Mat Ratty said the […]
Adveritas completes $3m raise at premium to support rapid growth
Ad fraud prevention software developer Adveritas (ASX: AV1) has raised $3 million to support its corporate growth following the success of recent sales and go-to-market initiatives. The funds were raised through a placement of 30 million shares at $0.10 each, representing a 34% premium to the company’s 15-day volume weighted average share price. It was […]
Adveritas reports increase in annualised revenue after new contract wins
Ad fraud mitigation developer Adveritas (ASX: AV1) has reported an annualised revenue of more than $3 million following new contract wins in the 2022 financial year. The figure represents a 78% increase on the start of the calendar year when revenue sat at $1.68 million. It also reflects the signing of new clients from pay-per-click […]
Adveritas’ rising annualised recurring revenue highlights rapid growth
Adveritas (ASX: AV1) has revealed its results for the financial year ending 30 June (FY2022), which highlight rapid growth in the company’s annualised recurring revenue, which was up 145% from FY2021 to $2.51 million. During FY2022, the Australia-based company experienced multiple major client wins, launched new go-to-market channels with Facebook and Google and accelerated cross/selling […]