Notable Hit 1: (UAL:NASDAQ) On Wednesday July 17, 2024 United Airlines Holdings, Inc. (UAL) posted revenues of $14.98 bn slightly missing the analysts estimate by 0.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 2.1% increase YoY in foot traffic at United-operated terminals in Q2 2024; the company's revenue increased 5.7% YoY. Advan's footfall data has a correlation of 0.93 on a YoY basis with UAL's top-line revenue over the last 18 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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