Business
Jerrick Media Holdings, Inc. Reports Second Quarter and First Half 2017 Financial Results
Jerrick Media Holdings, Inc. Reports Second Quarter and First Half 2017 Financial Results.
About this update from Creatd Inc.
[{"type":"text","content":"\n\n\n\nJerrick Media Holdings, Inc. Reports Second Quarter and First Half 2017 Financial Results\n\n\n\n\n\nJerrick Media Holdings, Inc. Reports Second Quarter and First Half 2017 Financial Results\nPR Newswire\nNEW YORK, August 14, 2017\n\n\n\nNEW YORK, August 14, 2017 /PRNewswire/ --\n\nJerrick Media Holdings, Inc., (OTCQB: JMDA) (the \"Company\" or \"Jerrick\"), a technology company, today reported financial results for the three and six-month periods ended June 30, 2017.\n\nKey Second Quarter 2017 Financial Results Summary / Business Highlights:  \n\n\nDashboard statistics:\n\n\n\n\n \n March 31, April 30, May 31, June 30, July 31,\n 2017 2017 2017 2017 2017\n Verticals (Web Communities) 12 12 12 12 18\n Unique Visitors per Month 1.07mm 1.38mm 1.88mm 2.26mm 2.35mmm\n Page Views per Month 1.77mm 1.89mm 2.37mm 3.03mm 3.40mm\n Total Bloggers Signed Up 3,031 4,310 5,348 11,507 20,040\n Average # of Submissions/Day 25 31 35 83 148\n Average # of Published Articles /Day 20 23 30 62 72\n\n\n\n\n\n \n CURRENT BUSINESS METRICS\n\n 76% Mobile / 18%\n User Device: Desktop\n Traffic 55% Search / 25%\n Source: Social\n Geographic: 53% U.S. / 28% Europe\n\n\n\n\nCompleted the full rollout of platform upgrade to Vocal 2.0. The initial upgrade began on May 15, 2017 with a significant enhancement to the user interface and concluded August 14, 2017 having encompassed numerous front-end and back-end components including several revenue sources: micropayments, premium digital downloads (including Kindle, Vimeo, and print-to-order), and affiliate network sales;\n\nMonthly cash used in operating activities for the second quarter 2017 averaged approximately $155,000 compared to the average monthly cash used in operating activities during first quarter 2017 average of approximately $307,000;  \n\nOperating expenses totaled approximately $1,000,000 in the second quarter of 2017, a decrease of approximately $72,000 (7%) from the second quarter of 2016, and a decrease of $70,000 (7%) from first quarter 2017;\n\nOperating loss for the second quarter of 2017 totaled $(948,000), compared to an operating loss in the second quarter of 2016 of $(1,016,000) and an operating loss of $(1,028,000) for the first quarter 2017;\n\nUpdated provisional Patents (filed April 25, 2017) concurrent with technology advancements - System and Method for Creating,...