Adaptive Ad Systems Doubles Revenues in Q3 2018 Adaptive Ad Systems Doubles Revenues in Q3 2018
December 11, 2018
Revenues and Profits on Track to Exceed 2018 Guidance
Download Financial Statements and SWI Research Report
Vancouver, Wash. December 12, 2018. 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 cable TV and Satellite markets, again is reporting significant growth in revenue and profits, as reported in its Financial Report for the third quarter 2018.
For the last two years the financial performance of Adaptive has improved consistently and the Company has continued to substantially increase its subscriber base. Adaptive is focused in the 2nd and 3rd Tier cable markets, including significantly underserved market sectors that are the ideal target group for the Company’s advanced digital insertion technology and still have significant growth potential.
Revenue Increase of 95%
For the three months ending September 30, 2018, the Company reported an increase in revenue to $2,076,430 from $1,066,924 in Q3 2017, an increase of 95%.
Net Profit Increase of 426%
For the three months ending September 30, 2018, Net Profit rose to $940,157 from $178,555 in Q3, 2017, an increase of 426%.
Assets Increased by 36%
Total assets increased from $5,987,787 to $8,150.047
J. Michael Heil, Chairman & CEO of Adaptive states: “While our improving financial performance during Q3, 2018 was partially supported by the increased ad frequency during the mid-term election period, we also credit it to the company’s technical team consistently improving our advanced digital ad insertion technology and continuing to increase the number of new installations that we then contract for our services. This has proven to be especially effective in the underserved markets of Tier 2 and Tier 3 network installations. Our technology allows us to serve these markets economically, react dynamically to fast changing market conditions and continue to improve our financial performance.”
Mr. Heil continues: ”Today’s ad insertion market is a dynamic marketplace. In the complex world of Television, flexibility is key. Ad insertion companies today need to be much more flexible in their thinking than they have been historically. Continuing to develop new digital systems and adjusting to new TV viewing and mobile ad consumption habits, is crucial for the success of any ad insertion company today. The TV ad market is robust and new digital applications will provide new revenue platforms for the companies that develop these new technologies and services. Being able to provide services on an economical basis for this always changing landscape, especially in underserved markets, is a determining factor for financial success. Adaptive thrives to always be on the leading edge of this development.”
Adaptive Ad Systems currently derives almost all revenue from Cable TV advertising sales it generates via its installed network of Adaptive owned digital ad insertion and streaming media hardware and proprietary processing software for the Cable TV market.
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 for the cable TV, Satellite and IPTV markets. Adaptive is focused on a “Niche” sector of 2nd and 3rd tier cable companies with Adaptive’s technology overcoming the barriers that typically prevent the insertion of National and Local advertising products into those 2nd and 3rd tier locations. Adaptive exclusively sells all available advertising in each market it has contracted, maintains technology ownership and has implemented a unique profit-sharing system 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
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