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14/11-2017 07:45:08: (CXENSE) CXENSE ASA ANNOUNCES THIRD QUARTER RESULTS

OSLO, NORWAY - NOVEMBER 14, 2017 - CXENSE ASA TODAY REPORTED FINANCIAL RESULTS
FOR THE THIRD QUARTER ENDING 30 SEPTEMBER 2017.

Highlights:

Strategic change to focus on Data Management and Personalization
* New CEO in place to execute strategy
* Sale of non-core assets progressing well

Growth in core segments of Data Management and Personalization
* 15% YoY and 5.3% sequentially
* Sales and churn improvement from Q2, but behind targets
* 26 new customer contracts

On track to reach post restructuring target EBITDA for Q1 2018 of USD -0.5
million
* 83% of OPEX reduction target of USD 3 million is realized
* Gross margin improvement of 3% from hosting optimisation

Financial runway beyond break-even secured
* Completed USD 5 million share issue
* Sale of mporium for USD 3.8 million vs USD 2.4 million invested
* Q3 2017 adjusted cash position of USD 12.2 million

CEO comment:

"Cxense is well on its way to become a single-focused provider of our world
-class Data Management Platform (DMP) with Intelligent Personalization. To this
end, a significant company restructuring has been executed during this
quarter. Full concentration on our core business combined with strengthened
financial runway, makes a strong starting point for long-term value creation in
a large and growing market. While our technology continues to prove its value
every day with 165 core customers worldwide, we still need to sharpen our
technology vision and refine our go-to-market model to capture the big
opportunities in front of us. I believe the massive amount of data that we
manage on behalf of our customers is a core competitive advantage and its
essential to combine this with truly customer-oriented product development and a
streamlined sales approach. I look forward to the next chapter of Cxense's
journey and to create a new growth trajectory for the adoption of our solutions"
said Christian Printzell Halvorsen, CEO of Cxense.

Material: The Q3 2017 report and presentation are attached to this notice and
can also be found under the following link:
https://www.cxense.com/investors/financial-reports

Webcast: Cxense ASA will present its Q3 2017 results at 08:30 am CET. The
presentation will take place at the Felix Conference Center, Bryggetorget 3,
Oslo, Norway. A live webcast will be available
at: http://webtv.hegnar.no/presentation.php?webcastId=67733412

About Cxense:

Cxense helps hundreds of leading publishers and marketers across the globe
transform their raw data into their most valuable resource. Cxense's leading
Data Management Platform (DMP) with Intelligent Personalization, give companies
unprecedented insight about their individual customers, and enables them to
action this insight real-time in all marketing and sales channels. Benefits
include increased digital revenue and user loyalty. Cxense works with brands
such as Aeon, Wall Street Journal, Grupo Clarin, NBC Universal, Aller and many
more. Cxense is headquartered in Norway with offices worldwide and the company
is listed on the Oslo Stock Exchange with the ticker 'CXENSE.' For more
information: www.cxense.com

Investor Relations Contact:

Jørgen Loeng, Chief Financial Officer

Email: ir@cxense.com

Mobile: +47 906 60 0

Ekstern link: http://www.newsweb.no/index.jsp?messageId=438611

Nyheten er levert av OBI.

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