11:02 AM EST, 03/07/2024 (MT Newswires) -- illumin Holdings Inc. ( ILLMF ) , an advertising technology company, on Thursday reported a wider fourth-quarter net loss of $2.6 million, or $0.05 per share, as compared with a year-ago loss of $820,000, or $0.01 per share.

Revenue for the quarter ended Dec. 31, 2023, was $37 million, down from $40 million a year earlier.

Adjusted EBITDA for Q4 was $2.4 million, consistent with $2.4 million for the year-ago quarter.

At Dec. 31, 2023, the company had cash and cash equivalents of $55.5 million, down from $85.9 million last year. The decrease was attributable to a combination of share repurchases, net loan repayments, lease payments, and investments in the company's platform.

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