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  • May 9, 2024

      Show headlines and story abstract
    • 4:21PM ET on Thursday May 09, 2024 by MT Newswires
      Companies Mentioned: SST
      04:21 PM EDT, 05/09/2024 (MT Newswires) -- ...
    • 4:06PM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: SST

      The following table reconciles net loss to Adjusted EBITDA for the periods presented ($ in millions).
      Three Months Ended March 31, -------------------------------------- 2024 2023 ---------- ---------- Net loss from continuing operations $ (13.8) $ (30.4) Plus: Income tax benefit -- $ (3.8) Interest expense 8.0 $ 11.4 Depreciation and amortization 19.8 $ 19.4 Other expense (0.1) $ -- Stock-based compensation & distributions to members 4.0 $ (0.1) Impairment of goodwill -- $ 5.8 Loss on extinguishment of related-party debt (19.7) $ (1.4) Non-cash revaluation of warrant liability (0.3) $ -- Acquisition and restructuring costs 2.5 $ 4.2 ---------- ---------- Adjusted EBITDA $ 0.4 $ 5.1 ========== ==========
    • 4:05PM ET on Thursday May 09, 2024 by Business Wire
      Companies Mentioned: SST

      System1, Inc. (NYSE: SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, announced its financial results for the first quarter of 2024.

      "We are pleased to report a strong start to the year, with our headline Q1 results exceeding the top end of our guidance ranges for Revenue, Adjusted Gross Profit and Adjusted EBITDA. We had a strong quarter of execution across our core initiatives and I am pleased we were able to deliver these results," commented Michael Blend, System1's Co-Founder & Chief Executive Officer. "Looking towards the remainder of 2024, we remain optimistic about increased advertiser demand, and we are confident the investments in our RAMP platform leave System1 well positioned to take advantage of these trends."

    • 4:05PM ET on Thursday May 09, 2024 by Dow Jones
      Companies Mentioned: SST

      The following table reconciles net loss to Adjusted EBITDA for the periods presented ($ in millions).
      Three Months Ended March 31, -------------------------------------- 2024 2023 ---------- ---------- Net loss from continuing operations $ (13.8) $ (30.4) Plus: Income tax benefit -- $ (3.8) Interest expense 8.0 $ 11.4 Depreciation and amortization 19.8 $ 19.4 Other expense (0.1) $ -- Stock-based compensation & distributions to members 4.0 $ (0.1) Impairment of goodwill -- $ 5.8 Loss on extinguishment of related-party debt (19.7) $ (1.4) Non-cash revaluation of warrant liability (0.3) $ -- Acquisition and restructuring costs 2.5 $ 4.2 ---------- ---------- Adjusted EBITDA $ 0.4 $ 5.1 ========== ==========
    • 9:00AM ET on Thursday May 09, 2024 by Business Wire
      Companies Mentioned: SST

      System1, Inc. (NYSE: SST) ("System1" or the "Company"), an omnichannel customer acquisition marketing platform, announced today that it will attend the 19th Annual Needham Technology, Media, & Consumer Conference being held May 14-16, 2024 both in-person in New York, NY as well as virtually.

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