Cardlytics, Inc. operates purchase data intelligence platforms in the United States and the United Kingdom. The company operates through two segments, Cardlytics Direct and Other Platform Solutions. It operates Cardlytics Direct, a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels; and offers solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded in 2008 and is based in Atlanta, Georgia.
Cardlytics, Inc., (CDLX), a purchase intelligence platform that makes marketing more relevant and measurable, today announced it will present at two upcoming conferences: the Bank of America 2020 Global Technology Conference and the William Blair 40th Annual Growth Stock Conference. Chief Executive Officer and Co-Founder, Lynne Laube, will present at the Bank of America Conference on Thursday, June 4, 2020 at 1:45 p.m. Eastern Time and will be webcast live. Ms. Laube will present at the William Blair Conference on Tuesday, June 9, 2020 at 9:40 a.m. Eastern Time and will be webcast live.
During the "Lightning Round" segment of Mad Money Thursday night, one caller asked Jim Cramer about Cardlytics : "This looks like the right price to buy into this one," said Cramer. Let's check the charts of this purchase intelligence platform that lets marketers reach consumers in their online and mobile banking channels.
Cardlytics (NASDAQ: CDLX), a company that uses purchase information to help marketing providers improve their rewards programs and other customer services, jumped 22% early Tuesday after releasing a solid first-quarter result. Cardlytics' adjusted loss per share checked in at $0.26, worse than the prior year's $0.23 adjusted per-share loss, and wider than analysts' estimates of a $0.21 adjusted per-share loss. "We delivered solid first quarter results, with billings, revenue and adjusted contribution in the upper half of our prior guidance," said Scott Grimes, CEO and co-founder of Cardlytics, in a press release.
Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2020 Cardlytics, Inc. Earnings Conference Call. With that, let me turn the call over to Scott Grimes, Cardlytics' CEO and Co-Founder.