ASX listed influencer platform Engage:BDR sacks sales team, sees profit rise

Engage:BDR, the ASX listed, US-based influencer marketing platform told the stock market yesterday that while income remains stagnant, profits are expected to be up following the company letting go of most of its sales team.

The company, which raised $10 million at the time of its ASX listing last December, estimated its 2018 revenues will be slightly higher than last year’s, however it expects to turn around a loss of $1.45 million thanks to an industry shift to programmatic trading and a reduction in ad fraud.

In its release, the company announced it expects $24.5 million income with earnings before interest, tax, depreciation and amortization coming in between $1.25 and $1.5 million. This compares with an EBITDA loss of $1.46 million on $21.8 million revenues last year.