Business
Adaptive Ad Systems Reports Solid Financial Performance Q2 2019 Generates Profit for 19th time in a Row
Adaptive Ad Systems Reports Solid Financial Performance Q2 2019 Generates Profit for 19th time in a Row.
About this update from Adaptive Ad Systems, Inc.
[{"type":"text","content":"\n\n\n\nAdaptive Ad Systems Reports Solid Financial Performance Q2 2019 Generates Profit for 19th time in a Row\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 Reports Solid Financial Performance Q2 2019 Generates Profit for 19th time in a Row\nPR Newswire\nVANCOUVER, Wash., Aug. 15, 2019\n\n\n\nVANCOUVER, Wash., Aug. 15, 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, today reports another profitable second quarter 2019 for the 19th time in a row.\nAs we pointed out before, Adaptive always produces stronger \"election year\" financial results than during \"non-election\" years, analogous to the seasonal performance flow in other companies and industries. While Adaptive's 2nd quarter of 2019 still falls into a \"non-election\" lower frequency advertising market that is typical  for the time period before any significant Domestic election event, the financial results for the second quarter of 2019 again showed profit for the 19th time in a  row. \nTo make a more objective comparison, it is fair to compare the current financial performance to the second quarter of 2017, another \"non-election\" time period with lower ad frequency, as opposed to a high-frequency ad market during the same period in 2018, the mid-term election. Comparing revenue and profit for these time periods to the second quarter of 2019 again show a significant improvement over the results for the second quarter of 2017. \nRevenues of $1.33 Mill compared to $955,000 in Q2 of 2017 – Improvement 0f 39% Net Income before taxes of approximately $277,647 compared to $145,000 in 2017J. Michael Heil, Chairman & CEO of Adaptive states: \"We base our consistently improving financial performance on the fact that over the last six months we have expanded our management, development and sales team and are continuing to aggressively accelerate the development of our advanced and disruptive ...