Aankondiging • Jul 26
Kubient, Inc. Filed for Bankruptcy Kubient, Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on July 25, 2024. The debtor listed its assets of $3.34 million and liabilities of $2.88 million. The debtor is represented by Mark L. Desgrosseilliers of Chipman Brown Cicero & Cole, LLP as its legal counsel. Alfred T. Giuliano has been appointed as the case trustee. Aankondiging • Dec 07
Kubient, Inc. Announces Board Changes Kubient, Inc. announced that Effective December 1, 2023, Jeannie Mun, Grainne Coen, and Peter Anthony Bordes, Jr. voluntarily resigned from their positions as members of the Board of Directors of company and its committees. The resignations of Ms. Mun, Ms. Coen and Mr. Bordes did not result from any known disagreements with the Company on any matter relating to the Company’s operations, policies, or practices. In order to fill the vacancies created by the aforementioned resignations, also effective December 1, 2023, the Board appointed Lawrence Harris, an existing member of the Board, to serve as chair of the Board’s audit committee, compensation committee, nominating and corporate governance committee, and special committee. Board Change • Nov 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jeannie Mun was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 29
Kubient Receives Nasdaq Notice Regarding Late Form 10-Q Filing Kubient, Inc. (‘Kubient’ or the ‘Company’) announced that on August 22, 2023 it received a notice (‘Notice’) from the Listing Qualifications Staff of The Nasdaq Stock Market (‘Nasdaq’) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it failed to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2023 (the ‘Form 10-Q’) with the Securities and Exchange Commission. On August 15, 2023, the Company filed a Notification of Late Filing on Form 12b-25, indicating, among other things, that the filing of the Form 10-Q would be delayed principally due to the Company’s auditor having not completed their review of the Form 10-Q for the period ended June 30, 2023. Under Nasdaq rules, the Company has 60 calendar days, or until October 21, 2023, to submit a plan to regain compliance with Nasdaq rules. If Nasdaq accepts the Company’s plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q, or until February 20, 2024, to regain compliance. Aankondiging • Aug 17
Kubient, Inc. announced delayed 10-Q filing On 08/15/2023, Kubient, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Elisabeth DeMarse was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 17
Kubient, Inc. announced delayed 10-Q filing On 05/16/2023, Kubient, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Apr 02
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: US$0.95 loss per share (further deteriorated from US$0.75 loss in FY 2021). Revenue: US$2.40m (down 12% from FY 2021). Net loss: US$13.6m (loss widened 32% from FY 2021). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Aankondiging • Feb 09
Kubient, Inc. Builds on Proprietary KAI Platform by Announcing KAI 2.0 Kubient, Inc. announced the release of KAI 2.0, the latest update to its proprietary ad fraud identification and prevention technology, Kubient Artificial Intelligence. KAI 2.0 comes with improvements for the entire suite of KAI functionalities, including: Expanded real-time AI with 25 algorithms running in under 10 milliseconds and built-in efficiencies to significantly expand the number and complexity of algorithms in the future; Full support for the much larger scale IPv6 protocol (to add to the existing IPv4 support); Extensive supply path optimization (SPO) support with ads.txt and Sellers.JSON/SupplyChain Object verification; Enhanced support for new CTV and audio formats. Data mining capabilities for identifying what is driving fraud at the most granular level with more than 50 specific potential causes in order to be able to take action to mitigate it The KAI 2.0 update comes just two months after the United States Patent and Trademark Office issued its patent for KAI in December 2022, which established Kubient as the intellectual property owner of KAI from now until 2040. Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$3.00m to US$2.50m. EPS estimate increased from -US$1.14 to -US$0.96 per share. Interactive Media and Services industry in the US expected to see average net income growth of 3.8% next year. Consensus price target down from US$2.50 to US$2.00. Share price fell 8.3% to US$1.02 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: US$0.12 loss per share (improved from US$0.16 loss in 3Q 2021). Revenue: US$481.8k (down 29% from 3Q 2021). Net loss: US$1.67m (loss narrowed 28% from 3Q 2021). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 54%. Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Price Target Changed • Nov 16
Price target decreased to US$2.00 Down from US$4.00, the current price target is provided by 1 analyst. New target price is 85% above last closing price of US$1.08. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$1.14 next year compared to a net loss per share of US$0.75 last year. Aankondiging • Nov 08
Kubient, Inc. to Report Q3, 2022 Results on Nov 14, 2022 Kubient, Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Aankondiging • Oct 19
Kubient Releases the KAI Dashboard to Give Publishers Unprecedented Visibility for Optimizing their Media for Programmatic Channels Kubient announced the launch of the KAI Dashboard, a reporting and optimization platform that helps media publishers and platforms better understand and manage inventory health and to ensure the quality of the inventory that they are sending to demand platforms. Until now, publishers and media platforms have typically lacked a clear understanding into what is causing issues for the demand side to not transact or even worse to flag their high quality inventory as fraud. This caused a significant % of their inventory to go unsold and in the worst case has hurt their brand image and relationships in the programmatic ecosystem, as well as led to erratic clawbacks that make it hard to manage their business P&L’s. The KAI Dashboard provides granular optimization reporting, including 38 categories of fraud (both GIVT and SIVT) and technical RTB issues, such as missing user agent information, mismatched app store information, and missing bidding information. Coupled with the KAI Enterprise solution, publishers and media platforms can directly control what inventory is sent to the demand side, preemptively blocking RTB opportunities that are likely not to transact or potentially to be flagged as fraud to avoid negative brand impact and clawbacks. At the same time, the KAI Dashboard enables users to take action to mitigate the issues and increase the yield and monetization rate for their inventory. The dashboard has already helped publishers tremendously by showing full insights into inventory health, driving improvements in inventory quality and increasing ad monetization efforts for greater revenue acquisition. On average, premium CTV publishers implementing the KAI Enterprise solution or that have joined the Kubient Marketplace with KAI built in have identified approximately 20% of their inventory on average that is not being monetized. Through the new dashboard insights, these publishers are able to identify what is causing their inventory to not be monetized and allows them to take immediate action and drive increased revenue. Major Estimate Revision • Aug 22
Consensus revenue estimates fall by 50% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$6.00m to US$3.00m. Forecast losses increased from -US$0.82 to -US$1.14 per share. Interactive Media and Services industry in the US expected to see average net income growth of 3.7% next year. Consensus price target down from US$4.00 to US$2.50. Share price rose 14% to US$1.32 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.41 loss per share (down from US$0.12 loss in 2Q 2021). Revenue: US$400.4k (down 20% from 2Q 2021). Net loss: US$5.81m (loss widened 241% from 2Q 2021). Revenue missed analyst estimates by 67%. Earnings per share (EPS) also missed analyst estimates by 71%. Over the next year, revenue is forecast to grow 198%, compared to a 9.8% growth forecast for the Interactive Media and Services industry in the US. Aankondiging • Aug 17
Kubient, Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2022 Kubient, Inc. reported impairment charges for the second quarter ended June 30, 2022. For the quarter, the company reported impairment loss on intangible assets of $2,626,974, impairment loss on property and equipment of $49,948 and impairment loss on goodwill of $463,000. Aankondiging • Aug 09
Kubient, Inc. to Report Q2, 2022 Results on Aug 15, 2022 Kubient, Inc. announced that they will report Q2, 2022 results on Aug 15, 2022 Major Estimate Revision • May 23
Consensus revenue estimates fall by 20% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$7.50m to US$6.00m. Forecast losses increased from -US$0.66 to -US$0.82 per share. Interactive Media and Services industry in the US expected to see average net income growth of 4.1% next year. Consensus price target down from US$6.00 to US$4.00. Share price fell 8.1% to US$1.00 over the past week. Reported Earnings • May 18
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.25 loss per share (down from US$0.14 loss in 1Q 2021). Revenue: US$1.25m (up 76% from 1Q 2021). Net loss: US$3.63m (loss widened 102% from 1Q 2021). Revenue exceeded analyst estimates by 56%. Earnings per share (EPS) missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 204%, compared to a 15% growth forecast for the industry in the US. Aankondiging • May 07
Kubient, Inc. to Report Q1, 2022 Results on May 16, 2022 Kubient, Inc. announced that they will report Q1, 2022 results on May 16, 2022 Price Target Changed • Apr 27
Price target decreased to US$6.00 Down from US$9.00, the current price target is provided by 1 analyst. New target price is 431% above last closing price of US$1.13. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$0.66 next year compared to a net loss per share of US$0.75 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Founder, CEO, Chief Strategy Officer, President & Chairman Paul Roberts is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 16
Kubient, Inc., Annual General Meeting, May 25, 2022 Kubient, Inc., Annual General Meeting, May 25, 2022, at 14:00 US Eastern Standard Time. Agenda: To elect seven directors to serve until the next annual meeting of stockholders or until their respective successors are duly elected and qualified; to ratify the appointment of Marcum LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact such other business as may properly come before the meeting or any adjournments thereof. Price Target Changed • Apr 07
Price target decreased to US$6.00 Down from US$9.00, the current price target is provided by 1 analyst. New target price is 320% above last closing price of US$1.43. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.66 next year compared to a net loss per share of US$0.75 last year. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: US$0.75 loss per share. Revenue: US$2.74m (down 5.6% from FY 2020). Net loss: US$10.3m (loss widened 7.6% from FY 2020). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 174%, compared to a 18% growth forecast for the industry in the US. Recent Insider Transactions • Dec 24
Insider recently bought US$95k worth of stock On the 17th of December, Turki Alrajhi bought around 33k shares on-market at roughly US$2.87 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$262k more in shares than they have sold in the last 12 months. Aankondiging • Dec 01
Kubient, Inc. (NasdaqCM:KBNT) acquired Certain assets and personnel from MediaCrossing Inc. Kubient, Inc. (NasdaqCM:KBNT) acquired Certain assets and personnel from MediaCrossing Inc. on November 30, 2021. As a result of the acquisition, MediaCrossing will operate within Kubient's Managed Services division. Kubient's current workforce will be added with 10 seasoned employees across account management. Michael Kalman, Chief Executive Officer and Founder of MediaCrossing, will join as President – Agency and Brand Partnerships. Robert Henrikson will remain as Senior Vice President of Operations and Michael Kalman will be reporting directly to Paul Roberts.
Kubient, Inc. (NasdaqCM:KBNT) completed the acquisition of Certain assets and personnel from MediaCrossing Inc. on November 30, 2021. Reported Earnings • Nov 13
Third quarter 2021 earnings released: US$0.16 loss per share (vs US$1.03 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$677.0k (up 141% from 3Q 2020). Net loss: US$2.31m (loss narrowed 61% from 3Q 2020). Recent Insider Transactions • Aug 25
Independent Director recently bought US$51k worth of stock On the 19th of August, Grainne Coen bought around 16k shares on-market at roughly US$3.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$108k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.42 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$497.6k (up 444% from 2Q 2020). Net loss: US$1.70m (loss widened 13% from 2Q 2020). Executive Departure • May 26
Lead Independent Director has left the company On the 21st of May, Christopher Smith's tenure as Lead Independent Director ended after 1.4 years in the role. As of March 2021, Christopher personally held 14.04k shares (US$102k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 16
First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.016 loss in 1Q 2020) First quarter 2021 results: Net loss: US$1.80m (loss widened US$1.74m from 1Q 2020). Reported Earnings • Mar 28
Full year 2020 earnings released: US$1.85 loss per share (vs US$1.15 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: US$2.90m (up US$2.72m from FY 2019). Net loss: US$9.57m (loss widened 132% from FY 2019). Aankondiging • Mar 12
Kubient, Inc. to Report Q4, 2020 Results on Mar 25, 2021 Kubient, Inc. announced that they will report Q4, 2020 results on Mar 25, 2021 Aankondiging • Mar 05
TronTV Selects Kubient as Premiere Transparent Programmatic Partner for Ad Fraud Prevention Through KAI Kubient announced its partnership with TronTV. The partnership will mark Kubient's first play in the desktop app space. Through the partnership, advertisers and TronTV will both have more visibility and transparency during the programmatic process, allowing TronTV to better understand the advertisers buying inventory and giving the advertisers more insight on the inventory and traffic they are purchasing. Is New 90 Day High Low • Feb 17
New 90-day high: US$11.09 The company is up 327% from its price of US$2.60 on 18 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 17% over the same period. Aankondiging • Dec 24
Kubient, Inc. has completed a Follow-on Equity Offering in the amount of $17.999996 million. Kubient, Inc. has completed a Follow-on Equity Offering in the amount of $17.999996 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,529,411
Price\Range: $5.1 Aankondiging • Dec 04
Kubient's KAI Identifies SynthNet Ad Fraud, Impacting Mobile App Ad Ecosystem Kubient announced the identification of previously undetected fraudulent synthetic network (SynthNet) designed to present web based or computer generated traffic as legitimate mobile application traffic coming from premium app publishers. The SynthNet fraud was detected through Kubient's Artificial Intelligence (KAI), an in-stream ad-fraud prevention tool that uses pattern recognition and device scoring to catch and identify fraud before it happens. The result was a significant amount of fraudulent website and computer traffic being transmitted that claimed to come from mobile sources like The Washington Post, Weather Underground, and a mixture of apps in other categories such as gaming, entertainment, utilities, shopping, and food. SynthNet is a Central Control System (CCS) bot, meaning it doesn't infect devices or make calls from third party networks, but rather it is deployed directly by the fraudsters on their own systems. These bad actors use it to sell fraudulent traffic as a video ad placement which offers a higher payout to the publisher compared to traditional display advertising. To deploy SynthNet at large scale and have wide saturation across the United States, SynthNet used a Cloud Service Broker (CSB). The service enabled SynthNet to be deployed across multiple cloud providers such as AWS, Google and Azure without needing a direct account with the services and it allows them to continue to operate and deploy if they are disabled from any single provider. The KAI algorithm is trained to analyze the behavior, consistency, and quality to determine audience credibility - accurately flagging fraud within the 300 milliseconds time frame of a programmatic advertising auction. In fact, Kubient's technology catches it in less than 10 milliseconds, which the company believes is faster than any other tool on the market. In the case of SynthNet, Kubient saw two things in a routine analysis of KAI: Fingerprint device information called "User Agents" that were being used in the auction requests which were many versions passed the current iterations of the web browsers they portrayed; and The same "User Agents" were in fact Mobile Web traffic, yet the criminals were attempting to sell the advertising impressions as Mobile App traffic. Is New 90 Day High Low • Dec 04
New 90-day high: US$4.88 The company is up 20% from its price of US$4.08 on 04 September 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 9.0% over the same period. Aankondiging • Nov 10
Kubient Announces Appointment of Ryan Adams as Senior Vice President Kubient announced that Ryan Adams has joined the company as Senior Vice President of Partnerships. Adams brings a wealth of knowledge to the role from his over 20 years as a sales and marketing professional at companies including Centro, a digital marketing solution, where he was the head of Client Direct and Publisher Solutions in the East region. Aankondiging • Nov 05
Kubient, Inc. to Report Q3, 2020 Results on Nov 12, 2020 Kubient, Inc. announced that they will report Q3, 2020 results at 8:05 PM, GMT Standard Time on Nov 12, 2020 Aankondiging • Nov 03
Kubient, Inc. Announces Executive Changes The board of directors of Kubient, Inc. has appointed Chairman, founder and Chief Strategy Officer Paul Roberts as interim chief executive officer, effective October 31, 2020. Roberts succeeds Peter Bordes, who will remain at the company in his current capacity as a director. Aankondiging • Oct 15
Kubient Discovers New "Weasel" Injection Ad Fraud Scheme and Announces Public Availability of Proprietary Pre-Bid AI Kubient announced its latest findings of fraudulent activity occurring within the programmatic ecosystem. Via its patent pending Kubient Artificial Intelligence (KAI) ad fraud prevention, now available to the public, Kubient detected Wease.IM, a scheme that was duping brands and their supply- and demand- side platforms into purchasing fake traffic. Index Exchange, PubMatic, Sovrn, Verizon Media, Improve Digital, The Trade Desk, Amazon.com, Adobe, Outbrain, Sephora were all victims. The KAI pre-bid ad-fraud prevention tool helps stop fraud before it happens through pattern recognition and device scoring. The algorithm is trained to analyze the behavior, consistency, and quality to determine its credibility - accurately flagging fraud in less than 10ms of an ad bid, faster than any other tool on the market. In its work with its partners, the KAI team found the Weasel Injection structure and tested it independently. Ultimately, they determined it utilized PreBid.js header bidding but masked/spoofed the true identity of the properties it was selling while also being compliant with both ads.txt and sellers.json protocols. This was accomplished using a bait and switch advert (Malvertising) that when activated would facilitate the Fraudulent Reselling Scheme. Recent Insider Transactions • Oct 12
CEO & Director recently bought US$51k worth of stock On the 9th of October, Peter Bordes bought around 20k shares on-market at roughly US$2.58 per share. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of US$4.10m, with losses widening by 4.2% from the prior year. Total revenue was US$1.55m over the last 12 months, up by US$1.40m from the prior year. Aankondiging • Aug 12
Kubient, Inc. has completed an IPO in the amount of $12.5 million. Kubient, Inc. has completed an IPO in the amount of $12.5 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 2,500,000
Price\Range: $5
Transaction Features: Sponsor Backed Offering