Adaptive Medias Expects to Report Record Third Quarter Revenues; Company Expects Record Fiscal 2015 Results
IRVINE, Calif., Sep. 2, 2015 (GLOBE NEWSWIRE) — Adaptive Medias, Inc. (ADTM), a video technology company that supports publishers, content producers and brand advertisers, today announced that it expects revenues for its third quarter ending September 30, 2015 to reach approximately $1.5 million, a 36% sequential increase from its second quarter. Increasing demand for the Company’s recently launched Media Graph ad-tech platform coupled with its traditional marketplace business is primarily responsible for the significant increase in revenues. In addition, the Company reported that, due to the higher margins associated with its Media Graph business, and continued cost containment efforts, it now expects to achieve breakeven results by the end of the current fiscal year.
“We are extremely pleased by the industry’s reception to our ongoing rollout of our proprietary Media Graph ad-tech platform,” said John B. Strong, Interim Chief Executive Officer of Adaptive Medias, Inc. As a result of our initial sales and marketing efforts, we have already signed up a number of domestic and international clients and expect this trend to accelerate as we continue our global rollout strategy. With margins as high as 80%, we expect our Media Graph platform to enable us to achieve breakeven results as early as the fourth quarter of this year. Although our third quarter performance is expected to be stellar based on preliminary data, current trends suggest that our fourth quarter revenues and bottom line could represent the single best quarter in the Company’s history,” concluded. Mr. Strong.
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Medias, Inc. (ADTM) is a leading provider of mobile video delivery and monetization solutions for publishers, content producers and advertisers. The Company’s comprehensive mobile video technology platform, Media Graph, facilitates the delivery of integrated, engaging video content and impactful ad units across all screens and devices. Adaptive Medias is one of the first companies to offer clients a digital video player built specifically for the mobile world. For more information, please visit www.adaptivem.com. Follow the Company on Twitter @adaptive_m.
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