Adaptive Ad Systems Announces Record Revenue for Month of January 2021
Adaptive Ad Systems, Inc. (AATV) reported record revenue of over $600,000 for January 2021, a 160% increase compared to the previous high of $230,000 in January 2018.
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Adaptive Ad Systems, Inc. (AATV) reported record revenue of over $600,000 for January 2021, a 160% increase compared to the previous high of $230,000 in January 2018. This follows a trend of record revenues in prior months, contributing to the largest quarterly revenues ever. The company focuses on Dynamic Digital Ad Insertion and High Speed Fixed Wireless Internet Service across U.S. cable TV markets. CEO Heil expressed confidence in continued growth and advancements in technology.
Positive
- Revenue for January 2021 exceeded $600,000, marking a 160% increase year-over-year.
- Achieved record revenues for each of the months from August to December 2020, leading to the largest quarterly revenue ever.
- Expansion of national network footprint anticipated, alongside technology developments.
Negative
- None.
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News Market Reaction – AATV
The recorded move for AATV in the trading session of this news was +30.43%.
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Revenue Exceeded Any January in Its History - Increase of
VANCOUVER, WA / ACCESSWIRE / February 16, 2021 / Adaptive Ad Systems, Inc. (OTC PINK:AATV), announced today that the Company achieved record revenue for any January in its history.
Adaptive and its subsidiary companies provide Dynamic Digital Ad Insertion (DDAI) via its streaming media hardware and proprietary processing software for all U.S. cable TV markets, and High Speed Fixed Wireless Internet Service (WISP) via a network of Hybrid Access Points and Micro POPs.
Before January 2021, the Company's largest revenue for any January throughout the Company's history was about
The Company had already reported record revenue for each of the months of August and September of 2020, which resulted in the largest third quarter revenue ever. This was surpassed again by the largest revenue for any months of October, November, and December, which resulted in the largest fourth quarter ever, as well as any quarter recorded.
Mr. Heil states: "We are very pleased with our performance during a very successful 2020 and now, as we look forward with confidence to 2021, we see continued growth of our national network footprint, as well as future reports on exiting new technology developments in our R&D department."
THE ADAPTIVE SYSTEM
Adaptive allows advertisers across the US to purchase ads that are inserted into a linked group of the Adaptive digital TV advertising system. Adaptive Ad Systems manages all ad-related activities, provides all technical support, ad-sales, traffic, and billing. Adaptive has established an innovative revenue share agreement with each individual cable television system.
ABOUT ADAPTIVE
Adaptive Ad Systems Inc. is a digital media and video communications company that together with its subsidiary manufactures, develops and deploys dynamic digital ad insertion (DDAI) and video streaming media hardware and proprietary processing software for the Cable TV, Satellite TV, and IPTV markets. Adaptive's primary focus is the 2nd and 3rd tier US markets. Adaptive exclusively sells all available advertising space in each market across multiple national cable television networks, while maintaining complete technology ownership. Adaptive has implemented a unique profit-sharing model with its cable TV partners. The Company serves over 200 designated marketing areas in approximately 39 states. Adaptive also provides broadband and cable TV services in some niche markets. For additional information, please visit: www.adaptiveadsystems.com.
FORWARD-LOOKING STATEMENTS
Any statements contained in this press release that do not describe historical facts constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for current and future operations, the development, regulatory approvals, and commercialization of the Company's products, or any of the Company's proposed services, systems, partnerships, or acquisitions. Such forward-looking statements are not meant to predict or guarantee actual results and performance and actual events or results may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company's delays in the development of its products, the inability to obtain additional financing, the impact of significant new or changing government regulation on the industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's general failure to implement the Company's business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any change in events or circumstances that may arise after the date of this release.
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Adaptive Ad Systems, Inc. 4400 NE 77th Avenue, Suite 275 Vancouver, Washington 98662 310-321-4958 | StockWatchIndex San Diego, California 442-287-8059 |
SOURCE: Adaptive Ad Systems, Inc.
View source version on accesswire.com:
https://www.accesswire.com/629836/Adaptive-Ad-Systems-Announces-Record-Revenue-for-Month-of-January-2021
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