Business
Kidoz Inc. Announces Q4 2019 Financial Results
ANGUILLA, BWI / ACCESSWIRE / February 26, 2020 / Kidoz Inc. (TSXV:KIDZ) (the "Company"), kid...
About this update from Kidoz Inc
[{"type":"text","content":"Kidoz Inc. Announces Q4 2019 Financial ResultsANGUILLA, BWI / ACCESSWIRE / February 26, 2020 / Kidoz Inc. (TSXV:KIDZ) (the \"Company\"), kid-tech software developer, owner of the KIDOZ Safe Advertising Network (www.kidoz.net), the KIDOZ Kid-Mode Operating System, and the Rooplay edu-games platform (www.rooplay.com), announced today its unaudited financial results for its fourth quarter ended December 31, 2019. All amounts are presented in United States dollars and are in accordance with United States Generally Accepted Accounting Principles.Recent Kidoz Inc. highlights include:Net Revenue of $2,022,259 for the quarter increased 60% over our third quarter of $1,271,028.Fourth quarter net profit of $97,747, compared to a loss of ($58,932) in our third quarter.Record quarterly revenue.Record international revenue.Sales partnerships with PML Media and Hub of Hype secured for Latin America.Sales partnership with YDigital launched in Portugal, Brazil and South Africa.Advancements in Kidoz programmatic advertising systems open up new revenue opportunities.\"The fourth quarter of 2019 was the best in the history of Kidoz,\" commented Eldad Ben Tora, Kidoz Co-CEO. \"The business crossed a record quarterly revenue milestone of $2,000,000, which took the Company to profitability for the quarter. Our commitment to children's privacy and safety has created one of the fastest growing mobile networks in the world. Every campaign we deliver on the Kidoz platform is free of location information, device identifiers, behavioral data, and other trackers commonly used in digital advertising. By addressing the needs of our users, putting children first, we ensure our regulatory compliance with privacy laws and Google and Apple's strict rules for mobile apps on the Android and iOS platforms. Advertisers benefit from the brand safety that our technology and rigorous methodologies create and our brand clients enjoy some of the highest performing media on the Kidoz system as a result of our industry leading mobile COPPA contextual targeting. In 2019, Kidoz secured a leadership position in global reach with app developer partners, and the results from the fourth quarter are a testament to our advertisers' commitment to our products.\"\"Building on our performance in 2019, we plan to continue our successful growth strategies in 2020,\" said Jason Williams,...