Rocket Fuel Inc., a leading provider of artificial intelligence and big data solutions for digital advertising, reported revenue of $139.5 million up 63% compared to $85.6 million for the fourth quarter of 2013. Net loss was $(20.5) million, or $(0.49) per diluted share, compared to a net loss of $(2.2) million, or $(0.07) per diluted share for the fourth quarter of 2013.
For fiscal year 2014 revenue was $408.6 million increased 70% compared to $240.6 million for the year ended December 31, 2013. Revenue for the year included $173.7 million from digital advertising through mobile, social and video channels, an increase of 201% from $57.8 million in 2013. Net loss was $(64.3) million, or $(1.74) per diluted share, compared to a net loss of $(20.9) million, or $(1.38) per diluted share for the year ended December 31, 2013.
About: Rocket Fuel delivers a leading programmatic media-buying platform at Big Data scale that harnesses the power of artificial intelligence (AI) to improve marketing ROI in digital media across web, mobile, video, and social channels. Rocket Fuel powers digital advertising and marketing programs globally for customers in North America, Latin America,Europe, and APAC. Customers trust Rocket Fuel’s Advertising That Learns® platform to achieve brand and direct-response objectives in diverse industries from luxury cars to financial services to retail. Rocket Fuel currently operates in more than 20 offices worldwide and trades on the NASDAQ Global Select Market under the ticker symbol “FUEL.
Source: Rocket Fuel Press Release