Adaptive Ad Systems Publishes Financial Report 2018
09 April 2019 - 3:30PM
InvestorsHub NewsWire
Adaptive Ad Systems Publishes Financial Report
2018
Generates Record-Breaking Year-over-Year Revenue
and Profit
Vancouver, WA -- April 9, 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, is reporting record-breaking year-over-
revenue and profit growth, increasing Revenues for 2018 to $7.9
Million.
The Company’s
significant improvement in financial performance is based on the
fact that during 2018 Adaptive Ad Systems has continued to improve
its Dynamic Digital Ad Insertion technology and increased its
installed client base. This resulted in another record-breaking
performance year with revenues close to doubling, increasing from
$4.1 Million in 2017 to $7.9 Million in 2018, an increase of $3.8
Million or 93%.
MILESTONES
- Revenues rose from
$4.1 Million to $7.9 Million or by
93%
- Net Profit rose from
$569,693 to $2.4 Million or by
322%
- Strongly improved
cash position from $1.3 Million to $1.8 Million or by
38%
- Stockholder Equity
increased from $4.8 Million to $6.9 Million or by
44%
- Retained Earnings
rose from $369,548 to $2.7 Million or by
631%
- 48.7 Million Shares
issued and
outstanding
J. Michael Heil, Chairman & CEO of Adaptive
states: “Our consistently improving financial performance over the
last two years comes as a result of our persistent efforts in
improving our proprietary digital ad insertion technology and
increasing our contractual client base. This is supported by our
exceptionally broad offering of major domestic advertisers and
unique revenue sharing model with our clients in the secondary
markets. We have added experienced managers to our sales team to
contract new clients and advertisers and are aggressively expanding
our nationwide network installations. Accordingly, we are expecting
to continue increasing our installed subscriber base and further
improve our financial performance”.
Mr. Heil continues: “We believe that we have struck
a chord in the cable TV industry with a winning combination of
Adaptive’s advanced Dynamic Digital Ad Insertion technology (DDAI)
and an experienced advertising sales team, specialized in the
secondary cable TV market. This results in better access to more
advertising inventory by large Domestic advertisers for our clients
and to our unique revenue sharing model that benefits major
advertisers and Adaptive clients alike.”
THE OUTLOOK FOR THE TV
ADVERTISING MARKET 2019 and 2020 IS
ROBUST
The outlook for the TV advertising market,
especially the neglected secondary markets remains robust and
Adaptive is nearly the sole digital ad insertion provider for major
advertisers in these underserved markets. The Company’s technology
allows to dynamically and economically serve over 210 designated
marketing areas in the United States, accelerating Adaptive’s
efforts to establish itself as a market leader in this sector. With
an intensive and lengthy election period (2019 -2020) ahead, which
is expected to produce more National and Regional campaign ads than
ever before, Adaptive’s expectations for further increasing
revenues during 2019 and 2020 are strong and well
founded.
160 SYSTEMS IN 34
STATES
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. The Company has deployed over 160 systems into
over one hundred of these markets in approximately 34
states.
Stockwatchindex will release an updated Research
Report within the next few weeks.
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, with its digital technology and unique profit-sharing
model overcoming 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
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