Business
DGTL Reports on Q1 Financials
$1.16 Million in Revenue for Q1 August 31, 2020; Quarterly Revenue Growth of +83%[i] Toronto,...
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"DGTL Reports on Q1 Financials$1.16 Million in Revenue for Q1 August 31, 2020; Quarterly Revenue Growth of +83%[i]Toronto, Ontario--(Newsfile Corp. - November 9, 2020) -  DGTL Holdings Inc. (TSXV: DGTL) (\"DGTL\" or the \"Company\"), a venture capital investment company focused on the acquisition and acceleration of innovative AI (artificial intelligence) driven digital media technologies, announces its financial results for the three months ending August 31st, 2020. This quarterly financial report represents Q1 of fiscal 2021 and the first quarterly financial report since DGTL completed its qualifying transaction.The reports reflects $1,162,469 in revenue for the three months ended August 31st, 2020. DGTL notes that Hashoff incurred $634,593 of revenue for the same quarter in 2019 which represents an +83% growth in revenue in the first quarter post-acquisition. Additional revenues from the five major new customers announced since September 1st, 2020 will be reflected in the Q2 financial report, and subsequent reports thereafter. \"We are pleased with the first quarterly financial report since our initial acquisition. Hashoff has performed well while managing integration, corporate development and day-to-day operations, during a global pandemic. Our team is dedicated to driving long-term shareholder value via solid revenue growth, sustainable gross margins and new accretive acquisitions\", said Mike Racic, Chief Executive Officer of DGTL Holdings Inc.The Company attributes Hashoff's revenue growth to the activation of DGTL's three-year revenue growth plan and positive campaign results from Hashoff's key accounts. Hashoff has also benefited from heightened demand for enterprise level CaaS (content-as-a-service) platforms which allow global brands to operate large-scale digital and social media marketing campaigns remotely, and in a more effective and cost-efficient way. For information on The Company's audited annual and quarterly financial statements please reference filings at www.sedar.com or visit; https://dgtlinc.com/investors. HASHOFF LLCHashoff is an enterprise level self-service CaaS (content-as-a-service) platform built on proprietary Artificial Intelligence and Machine Learning (AI-ML) technology. Hashoff's AI-ML platform functions as a full-service content management system, designed to empower global bra...