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- Adveritas (AV1) has signed 12-month contracts with several companies off the back of its recent annualised revenue growth
- AV1’s new clients include Indonesian Unicorn JD.ID, Australian sports betting company Palmerbet and Asia’s communications group Singtel
- These new contracts are set to add $156,000 in annualised revenue, with total annualised revenue now at $1.6 million — up 150 per cent since March 31
- Shares closed down by one per cent at 9.9 cents each on October 5
Adveritas (AV1) has announced 12-month contracts with several companies, off the back of its recent annualised revenue growth.
AV1 is the software solutions creator behind ad fraud prevention software, TrafficGuard.
The company’s newest clients include Indonesian Unicorn JD.ID, Australian sports betting company Palmerbet and Asia’s communications group Singtel — the parent company of Optus.
The contracts for TrafficGuard’s mobile app install and Google PPC-ad protection SaaS solutions will each run for 12 months.
JD.ID, a subsidiary of JD.com, is reportedly one of Indonesia’s largest listed ecommerce businesses with a market capitalisation equivalent to $150 billion.
Importantly, Adveritas said JD.ID had agreed to be named in a case study to support the marketing of TrafficGuard around the world.
All up the new contracts are set to add $156,000 in annualised revenue to increase AV1’s total annualised revenue to around $1.6 million — up 55 per cent since June 30 and 150 per cent since March 31.
The company said while the revenue for each new contract was not individually material, their combined annualised revenue was, and this highlighted the successful execution of AV1’s growth strategy.
Adveritas Co-founder and CEO Matthew Ratty commented on the announcement.
“Adding more high profile clients like JD.ID, Palmerbet and Singtel to Traffic Guard’s ever growing client list of well-known companies reinforces that our digital advertising anti-fraud solution is world class,” Mr Ratty said.
“The investment we made in redesigning our customer onboarding experience and enhancing our sales force over the March quarter is bearing fruit.
“Our growth momentum from the June quarter of FY21 has continued into FY22, with a strong start to the new financial year.”
Mr Ratty said AV1’s sales force was focused on maintaining growth momentum as the company continued to grow its pipeline and convert Freemium subscribers and trial customers to paying customers.
Shares closed down by one per cent at 9.9 cents each on October 5.
