Business
Adaptive Ad Systems Publishes Financial Report 2018
Adaptive Ad Systems Publishes Financial Report 2018.
About this update from Adaptive Ad Systems, Inc.
[{"type":"text","content":"\n\n\n\nAdaptive Ad Systems Publishes Financial Report 2018\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAdaptive Ad Systems Publishes Financial Report 2018\nGenerates Record-Breaking Year-over-Year Revenue and Profit\nPR Newswire\nVANCOUVER, Wash., April 9, 2019\n\n\n\nVANCOUVER, Wash., April 9, 2019 /PRNewswire/ -- Adaptive Ad Systems, Inc. (OTC:AATV), a company that provides Dynamic Digital Ad Insertion (DDAI) via its streaming media hardware and proprietary processing software for the U.S. cable TV and Satellite markets, is reporting record-breaking year-over-year revenue and profit growth, increasing Revenues for 2018 to $7.9 Million.\nThe Company's significant improvement in financial performance is based on the fact that during 2018 Adaptive Ad Systems has continued to improve its Dynamic Digital Ad Insertion technology and increased its installed client base. This resulted in another record-breaking performance year with revenues close to doubling, increasing from $4.1 Million in 2017 to $7.9 Million in 2018, an increase of $3.8 Million or 93%.\nMILESTONES\nRevenues rose from $4.1 Million to $7.9 Million or by 93% Net Profit rose from $569,693 to $2.4 Million or by 322% Strongly improved cash position from $1.3 Million to $1.8 Million or by 38% Stockholder Equity increased from $4.8 Million to $6.9 Million or by 44% Retained Earnings rose from $369,548 to $2.7 Million or by 631% 48.7 Million Shares issued and outstanding J. Michael Heil, Chairman & CEO of Adaptive states: \"Our consistently improving financial performance over the last two years comes as a result of our persistent efforts in improving our proprietary digital ad insertion technology and increasing our contractual client base. This is supported by our exceptionally broad offering of major domestic advertisers and unique revenue sharing model with our clients in the secondary markets. We have added experienced managers to our sales team to contract new clients and advertisers and are aggressively expanding our nationwide network installations. Accordingly, we are expecting to continue increas...