Notable Hit: (CTAS:NASDAQ) On Wednesday December 21, 2022 Cintas Corporation (CTAS) posted revenues of $2.17bn - in the same direction as Advan's forecasted sales. The revenue increased 13% YoY - in line with Advan's employee foot traffic data increase of 3% YoY across its warehouses for Q3 2022. Advan's footfall data has a correlation of 0.83 on a YoY basis with CTAS's top-line revenue over the last 14 quarters.
Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.
Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.