Notable Hit 1: (DAL:NYSE) On Thursday October 12, 2023 Delta Air Lines, Inc. (DAL) posted revenues of $15.48 bn surpassing the mean analyst estimate of $14.55 bn and in the same direction as Advan's forecasted sales. The revenue increased 10.8% YoY inline with Advan's foot traffic data increase of 13% YoY in at its US hubs in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.98 on a YoY basis with DAL's top-line revenue over the last 16 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.
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