Adaptive Ad Systems Reports Solid Financial Performance Q2 2019 Generates Profit for 19th time in a Row
15 Agosto 2019 - 11:00AM
InvestorsHub NewsWire
Adaptive Ad Systems Reports Solid Financial
Performance
Q2 2019 Generates Profit for
19th time in a
Row
Vancouver, WA -- August 15, 2019 --
InvestorsHub Newswire -- 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.
As 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.
To 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.
· Revenues
of $1.33 Mill compared to $955,000 in Q2 of 2017 – Improvement of
39%
· Net
Income before taxes of approximately $277,647 compared to $145,000
in 2017.
J. 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 digital software and hardware technology.
We have installed a significant number of new “head-in” systems,
and accordingly keep increasing our subscriber base, so we can
continue to grow exponentially”.
Mr. Heil continues: ”Offering our
advanced proprietary software and hardware to clients in the
underserved cable TV advertising markets that cannot be
economically served by any of the major players, has established us
as a market leader in these markets. Further advancing our
disruptive technology in those markets creates an easily accessible
large network of Adaptive network locations and allows clients to
take advantage of our unique profit-sharing model. With
Adaptive’s newly established central , state-of -the
art “Cue-tone” facility in Mesa, Arizona, which allows the
Company to exceed 98% efficiency
in inserting video advertising content into all cable TV networks
in a very economical way, the
Company has taken yet another aggressive step towards becoming the
largest technology and ad service provider as a one-stop provider
for all underserved cable TV markets”.
Adaptive’s technology now dynamically
and economically serves over 210 designated marketing areas in the
United States and the Company has deployed over 160 systems in over
two hundred of these markets in approximately 34 states in the
US.
The Company is now even better prepared for the next high-frequency
election year advertising cycle. With the expected dramatic
increase in advertising frequency during the second half of 2019
and for all of 2020, based on the early start of the new ad
campaigns for the 2020 elections, the Company anticipates that it
will continue to further improve its financial performance in
Q3 and Q4, 2019 and for the full year 2020.
ABOUT ADAPTIVE AD SYSTEMS
INC.
Adaptive Ad Systems Inc. is a digital
media and video communications streaming Company that together with
its subsidiary manufactures develops and deploys ad insertion and
streaming media hardware and proprietary processing software (DDAI)
for the cable TV, Satellite and IPTV markets. Adaptive is focused
on the 2nd and 3rd tier cable company networks. Its digital ad
insertion technology and unique profit-sharing model overcomes the
barriers that typically prevent the insertion of National and Local
advertising products into those network locations. Adaptive
exclusively sells all available advertising in each market it has
contracted, maintains technology ownership and has implemented a
unique and advantageous profit-sharing model with its clients.
Adaptive also provides broadband and cable TV services in some
niche markets. For additional information, please visit: www.adaptiveadsystems.com.
FORWARD-LOOKING
STATEMENTS
Any statements contained in this press
release that do not describe historical facts constitute
forward-looking statements. Forward-looking statements may include,
without limitation, financial projections, statements regarding the
plans and objectives of management for future operations, the
development, regulatory approvals and commercialization of the
Company’s products, or any of the Company’s proposed services,
systems, services, partnerships or acquisitions. Such
forward-looking statements are not meant to predict or guarantee
actual results and performance and actual events or results may
differ considerably. Factors that may cause actual results to
differ materially from any projections may include, without
limitation, the Company’s inability to obtain additional financing,
delays in the development of its products, the impact of
significant new or changing government regulation on the industry,
existing or increased competition, results of arbitration and
litigation, stock volatility and illiquidity, and the Company’s
general failure to implement the Company’s business plans or
strategies. The Company assumes no obligation to update any
forward-looking statements to reflect any change in events or
circumstances that may arise after the date of this
release.
ADAPTIVE AD SYSTEMS,
INC.
J. Michael Heil, CEO
4400 NE 77th Avenue, Suite
275
Vancouver, Washington 98662
info@aatv.com
www.aatv.com
MARKET
AWARENESS
Stockwatchindex, LLC
www.stockwatchindex.com
info@stockwatchindex.com
Download the Financial Report here:
https://backend.otcmarkets.com/otcapi/company/financial-report/227931/content
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