1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
KBNT
Event Date
2020-08-12
Sector
Information Technology
Subsector
IT Services
Offer Range
—
Shares Offered
2.5M
7.66M
$38.3M
32.6%
Implied Upside vs Midpoint
Description
Kubient, a Delaware corporation, was incorporated in May 2017 to solve some of the most significant problems facing the global digital advertising industry. Our experienced team of marketing and technology veterans has developed the Audience Cloud, a modular, highly scalable, transparent, cloud-based software platform for real-time trading of digital, programmatic advertising. Our platform’s open marketplace gives both advertisers (ad space buyers) and publishers (ad space sellers) the ability to use machine learning in the most critical parts of any programmatic advertising inventory auction, while simultaneously and significantly reducing those advertisers and publishers’ exposure to fraud, even in a pre-bid environment. By becoming a one stop shop for advertisers and publishers, providing them with the technology to deliver meaningful messages to their target audience, all in one place, on a single platform that is computationally efficient, transparent, and as safely fraud-free as possible, we believe that our platform (and the application of its machine learning algorithms) leads to increased publisher revenue, lower advertiser cost, reduced latency and increased economic transparency during the advertising auction process. Furthermore, we believe that our technology allows advertisers to reach entire audiences rather than buying single impressions from disparate sources. We call this approach Audience-Based Marketing. Combining this approach with our proprietary solutions for fraud prevention and the reduction of latency in auctions, we are confident that we are poised to alter the status quo as the next generation of the industry’s advertising inventory auction infrastructure. --- Our mailing address is 228 Park Avenue South, Suite 72602, New York, New York 10003-1502. Our telephone number is (800) 409-9456. The address of our website is www.Kubient.com.
Kubient, Inc. annual income statement and balance sheet, FY 2019 to FY 2022, as reported in SEC filings.
| Metric | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|
| Revenue | $178K | $2.9M | $2.7M | $2.4M |
| Operating income | ($3.3M) | ($4.5M) | ($10.4M) | ($14.3M) |
| Net income | ($4.1M) | ($7.9M) | ($10.3M) | ($13.6M) |
| Metric | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|
| Total assets | $474K | $27.4M | $31.7M | $15.2M |
| Total liabilities | $5.5M | $2.9M | $6.2M | $2.4M |
| Total equity | ($5.0M) | $24.5M | $25.5M | $12.8M |
| Cash & equivalents | $33.8K | $24.8M | $24.9M | $14.7M |