Notable Hit: (ECL:NASDAQ) On Tuesday February 14, 2023 Ecolab Inc. (ECL) posted revenues of $3.67 billion, surpassing the consensus estimates by 0.04% and in the same direction as Advan's forecasted sales. The revenue increased 9.1% YoY - in line with Advan's foot traffic data increase of 6.3% YoY in its industrial facilities for Q4 2022. The stock next day closed at $163.95, up 8.95% from previous open. Advan's footfall data has a correlation of 0.98 on a YoY basis with ECL's top-line revenue over the last 15 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.