MediaValet Reports 2015 Second Quarter Results
VANCOUVER, BC--(Marketwired - August 04, 2015) -
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- Annualized recurring revenue hits $750,000, increasing 125% year-over-year
- Six-month revenue continues strong growth trend, increasing 109% year-over-year
- Selected by top NFL franchise to provide 10 TB media library
- Completed $2.2M private placement, $3.2M raised year-to-date
- Global VP of Sales hired, comes to MediaValet from Successfactors (an SAP company)
MediaValet Inc. (TSX VENTURE: MVP) (the Company), a leading provider of cloud-based digital asset management software, is pleased to report its results for the second quarter of 2015.
Summary of Quarterly Results from Continued Operations (Unaudited)
Three months ended June 30'15 |
Three months ended June 30'14 |
Six months ended June 30'15 |
Six months ended June 30'14 |
|
Revenue | $ 185,123 | $ 104,904 | $ 400,412 | $ 192,043 |
Net loss | $ (764,520) | $ (605,539) | $ (1,497,263) | $ (1,046,472) |
Net loss per share | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.02) |
Total assets | $ 3,016,735 | $ 1,840,687 | ||
"We're pleased to report another successful quarter as we continue to execute our strategic plan," commented David MacLaren, founder and CEO. "With our sales growth to date generated solely by incoming demand and with our proven ability to meet the needs of both large international and small regional brands alike, we're excited to see what we can achieve by putting a world-class sales and marketing team in place."