Business
Raadr Inc., Doing Business as Telvantis, Announces Completion of PCAOB Audit for Financial Statements 2023 and 2024, Confirms Revenue Target for the Year 2025 in the Range of $250-300 Million.
NEW YORK - May 14, 2025 (NEWMEDIAWIRE) - Raadr Inc. (OTC: $RDAR), doing business as Telvantis ("Telvantis" or the "Company"), today announced the completion of its annual audit for the years 2023 and 2024. The audit of the Company's Financial Stateme...
About this update from Raadr, Inc.
[{"type":"image","caption":"","headline":"Telvantis Inc. Announces Strategic Transaction Involving Telvantis Voice Services","size":{"original":{"width":140,"height":140,"url":"https://media.zenfs.com/en/newsmediawire_165/b40032f302a8cd77848160d7391a0757"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AuPSR7auhVEXBA_e8_lWFw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/b40032f302a8cd77848160d7391a0757","width":140,"height":140}}},{"type":"text","content":"NEW YORK - May 14, 2025 (NEWMEDIAWIRE) - Raadr Inc. (OTC: $RDAR), doing business as Telvantis ("Telvantis" or the "Company"), today announced the completion of its annual audit for the years 2023 and 2024.","length":225,"tagName":"p"},{"type":"text","content":"The audit of the Company's Financial Statements was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) ("PCAOB").","length":184,"tagName":"p"},{"type":"text","content":""This audit is a major step for us as an emerging company with high aspirations. The team worked extremely hard, and we were able to complete this complex project in April," said Daniel Contreras, CEO of Telvantis. "We believe this is another building block to gain the trust of market participants and investors."","length":334,"tagName":"p"},{"type":"text","content":""These audited financial statements provide the highest standard of transparency to all our shareholders, as required for all public companies listed on a major US stock exchange," said Daniel Gilcher, CFO of Telvantis. "By implementing proper processes and holding ourselves to a PCAOB standard, we ensure that we provide the market with accurate and reliable information about our Company."","length":412,"tagName":"p"},{"type":"text","content":"The audited financial statements are available for viewing at https://telvantis.com/investors/financial-statements-and-reports/ and are discussed by management below.","length":166,"tagName":"p"},{"type":"text","content":"Consolidated Statement of Operations","length":36,"tagName":"p"},{"type":"text","content":"The newly formed group reported revenues of $47 million for the year 2024 compared to $315.5 million in the prior year. This drop was mainly attributed to the lack of available working capi...