MONTREAL, QC--(Marketwired - August 22, 2017) - Engagement Labs Inc. (
Company update: Improved revenue from continuing operations, new bookings totaling $1.86 million, improved gross margin and improved non-GAAP Adjusted EBITDA loss on a year-over-year comparison
Second Quarter Financial Highlights
Mr. Keller added: "The Company's singular focus on TotalSocial has gained significant momentum in Q2. We announced the launch of our predictive analytics capability (TotalSocial Predict), which represents a major enhancement to the TotalSocial technology platform. Our marketing and PR efforts have helped to raise awareness of Engagement Labs in the US and the UK, and have raised the profile of TotalSocial within our target audience. This had led to encouraging sales momentum for us in Q2, and other opportunities we have in the pipeline that give me optimism that we are on a good track. We now have leading brands as TotalSocial clients across a growing range of sectors, including: media, beauty, telecom, food, financial services and software. And lastly, our substantial cost reductions in 2016 have allowed us to improve our gross margins and reduce our losses, thus putting our cost base on a firmer footing."
About Engagement Labs
Engagement Labs (
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, Engagement Labs does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
For media inquiries please contact:
KCSA Strategic Communications
ktumino@kcsa.com / asingh@kcsa.com
212-896-1252 / 212-896-1207
Ed Keller
CEO
Engagement Labs
Ed.keller@engagementlabs.com
732.846.6800