RhythmOne plc, Taptica International Ltd - M&A Call Transcript
Hello. I am Ofer Druker, Chief Executive Officer of Taptica International Ltd. I was appointed CEO of the group earlier this month, following completion of the Taptica merger with RhythmOne. Previously, I was Executive Chairman of Tremor Video DSP, Taptica brand's advertising division. I am delighted to be able to provide an update on our business post-completion of the merger with RhythmOne. But first, to give you an idea of the scale of Taptica pre-merger, let's turn to the next slide.
Taptica is a highly cash-generative business, and in the year ended 2018, Taptica, as a standalone, generated revenues of $276.9 million; adjusted EBITDA of $44.1 million, which was significantly ahead of the expectation that was set at the outset of the year; achieved gross profit of $111.4 million; with the net cash inflow of $37.5 million.
The group also closed the year with $54.4 million in cash, a very strong performance indeed. Before the merger with RhythmOne, Taptica has approximately 1,300 international clients, some of which are world-leading brands and was successful in 2018 in
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