This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.
11/30/2022
Hello, ladies and gentlemen. Thank you for standing by for iCLIC Interactive Asia Group Limited's 2022 Third Quarter Unaudited Financial Results Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question-and-answer session. Today's conference call is being recorded. I will now turn the call over to your host, Ms. Lisa Li, Investor Relations Director. Lisa, please go ahead.
Hello, everyone, and welcome to 2022 iClicks third quarter on audited financial results conference call. The company's results were issued earlier today and are posted online. You can download the earnings press release and sign up for our distribution list by visiting the IR section of our website at ir.i-click.com. In addition, during the call, management will give their prepared remarks in English. During the Q&A session, we will take questions in both English and in Mandarin, and a third-party translator will provide subsequent translations. Please note that all translations are for convenience purposes only. In case of any translation discrepancy, management's statement in the original language shall prevail. Jian Tang, T.J., Chairman, Chief Executive Officer, and co-founder of iClick will first provide a high-level review of the 2022 third quarter results and share his thoughts on our strategy going forward. Chief Financial Officer David Chung will follow and give us additional insights on the financial results. He will then turn the call back to TJ for closing remarks before the call is open for Q&A. Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor provisions. of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risk and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding these and other risks and uncertainties is included in the company's 20-F, as filed with the U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that ICLIC's earnings press release and this conference call includes discussions of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. ICLIC's press release contains a reconciliation of the unaudited non-GAAP measures to the most directly comparable on audit gap measures. I will now turn the call over to our Chairman, Chief Executive Officer, and Co-Founder, Jian Tang. TJ, please go ahead.
Thank you, Lisa. And welcome to the call, everyone. I will first share our strategies and execution over the past quarter and after how we envision our business in the future. We saw improved performance in the third quarter with 16% sequential growth in enterprise solutions revenue and a 3% modest uptake in marketing solutions, combining for a 8% quarter-over-quarter increase in our total revenues for the quarter. These increases were largely driven by the gradual easing of COVID-related lockdowns and containment measures and the associated resumption of business and economic activity. We are also pleased to see the recovery for our enterprise solutions business with revenue contribution hitting a new record high of 39%. We remain optimistic about the continued resumption of economic activity and the business fundamentals that will drive increased demand for our innovative SaaS Plus technologies and services, and in turn, further sales growth. In addition, we have continued to drive cost optimization across our operations, allowing us to reserve sufficient cash, maintain our core teams and products intact, strengthen our capabilities in offering valuable services to customers and whether the microeconomic headwinds. We believe these positions iClick for continued market rebound as conditions improve. This strategy is central to our future success as we believe Our core value proposition rests on our ability to remain a leading innovator in the breadth of value our solutions embody. We achieved notable solution implementations and rollouts during the quarter that drove exceptional value in assisting clients to accomplish the diverse goals. For example, we collaborated with Jindong Technology to build a full-stack private domain e-commerce solution based upon iClicks Changxun and Jindong Technology Cloud Service with the integration of Jindong Alliance Commodity Promotion Solution or CPS and JD.Kepler supply chain services. This integrated offering aims to empower retailers in the cosmetics, FMCG, and affordable luxury apparel industries through all ecosystem smart retail SaaS solutions. We also were recognized through numerous industry awards. For example, we scooped the first third-party service provider of the first half of 2022 by a lighting award. We are honored by the strong industry recognition we continue to receive and strive to remain a leader across our industry-wide solution mix. This concludes my opening remarks, and I would now like to turn the call over to our CFO, David Jiang, to discuss our third quarter financial results. David, please go ahead.
You're reading a preview of the ICLK Q3 2022 earnings call.
Free account.
