Kubient Inc (PK:KBNT)
Business Focus: Advertising Agency
| Sector: Consumer Cyclicals | Industry: Advertising & Marketing |
| Company Contact | |
| Address: | 500 7Th Ave. Suite 14A131, South Suite 72602 NEW YORK NY 10018 |
| Tel: | 1-949-5743860 |
| Website: | https://kubient.com |
| IR: | See website |
| Key People | ||
| Elisabeth H. DeMarse Interim President and Chief Executive Officer, Director | Joshua Weiss Chief Financial Officer | |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 March 2023, Kubient Inc revenues decreased 99% to $12K. Net loss decreased 32% to $2.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Loss accrual on customer contract decrease from $790K (expense) to $0K, General and administrative - Balancing decrease of 36% to $1.2M (expense). |
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