![]() The Near platform’s patented technology processes data from an estimated 1.6 billion unique user IDs and 70 million points of interest in more than 44 countries. Near, a global, full-stack data intelligence software-as-a-service (“SaaS”) platform curates one of the world’s largest sources of intelligence on people, places, and products. The webcast will be available live, and a replay will be available following the completion of the live broadcast for approximately 90 days. Investors are invited to join the webcast by visiting. ![]() The call is scheduled to begin at 5:00 p.m. Near will host a conference call today, May 15, 2023, to review its first quarter 2023 financial results and to discuss its financial outlook. Adjusted EBITDA is expected to be approximately $(14.0) million. Adjusted EBITDA is expected to be approximately $(5.5) million.įull Year 2023 Guidance: Total revenue is projected to be approximately $81.0 million, or approximately 35% year-over-year growth. Second Quarter 2023 Guidance: Total revenue is expected to be in the range of $17.5 million to $18.0 million. Near is providing guidance for its second quarter and full year 2023 as follows: Please see the discussion below under the heading “Use of Non-GAAP Financial Measures” and the reconciliation at the end of this release for additional information concerning non-GAAP financial measures. on March 23, 2023, and its common stock and warrants began trading on Nasdaq under NIR and NIRWW, respectively, on March 24, 2023.Īdjusted EBITDA is a non-GAAP financial measure. Near’s solutions serve as a measurement tool for Yahoo APAC properties, helping the customer to demonstrate increased value across its online properties.Ĭompleted its business combination (the “Business Combination”) with KludeIn I Acquisition Corp. Since 2020, its relationship with Yahoo! Australia has expanded into additional geographies that Yahoo! serves. Net Revenue Retention: Net Revenue Retention for the first quarter of 2023 was 110%.Įxpanded its multi-year relationship with Yahoo! Australia. ![]() Net loss: GAAP net loss for the first quarter of 2023 was $19.2 million.Īdjusted EBITDA: Adjusted EBITDA 1 was $(7.0) million in the first quarter of 2023. Operating Income/(Loss): GAAP operating loss for the first quarter of 2023 was $22.3 million. Operating Expenses: GAAP operating expenses for the first quarter of 2023 were $32.7 million. Gross Profit: GAAP gross profit for the first quarter of 2023 was $10.4 million, and GAAP gross margin for the first quarter of 2023 was 67%. Revenue: Total revenue for the first quarter of 2023 was $15.5 million, up 10% from total revenue of $14.1 million in the first quarter of 2022. Looking to the future, we believe our high-quality data, coupled with generative AI, will allow our customers to get the maximum value out of data without sacrificing privacy.” “I believe that Near is well-positioned to continue to deliver products that our customers rely on to provide insights that help them make better decisions. As expected, year-over-year revenue growth was 10%, slightly above the guidance range, and we believe it will accelerate throughout the year,” said Anil Mathews, CEO of Near. “In the first quarter of 2023, we executed well on our go-to-market strategy, adding new logos across the geographies we serve and expanding our offerings within many of our existing customers. (Nasdaq: NIR) (“Near,” “we,” “our,” “us” or the “Company”), a global leader in privacy-led data intelligence on people, places and products, today announced financial results for the first quarter ended March 31, 2023. PASADENA, Calif.-( BUSINESS WIRE)-Near Intelligence, Inc.
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