Q1 2022 Results
- Revenue $1,758,755
- Net Profit $447,158
- Cash $6,544.014
- Assets $16,948,103
Revenues Increased
For the first quarter 2022 revenues were $1,758,755 compared with $1,477,817 during the same period in 2021, an improvement of $280,938 or 19%. The improved performance resulted from our network's continuing expansion, new headend installations, and adding Adaptive systems and clients across the U.S.
Net Profit Increased
Net Profit increased to $447,158 in Q2 2022 from $244,038 in Q1 2021, an increase of $203,120 or approximately 83%. This increase is based on management's focused efforts to increase Revenue through continued economic expansion of our DDAI network while keeping overhead low.
Assets Increased
Total Assets increased to $16,948,103 in Q1 2022 from $16,426,488 in Q1 2021, an increase of $521,615 or approximately 3%. Our total assets currently exceed our liabilities by $14,221,607.
Mr. Heil adds, "We are currently relocating our Arizona-based IPTV headend facility, which will not only assist in serving our ad insertion processing needs but will also serve as an advanced technology center for the Company's hardware and software development and deployment. Continued improvements to our technology have enabled us to consistently increase the number of installations of our proprietary hardware and software systems throughout the country. Our expanded network provides our contracted clients with more major ad campaigns that they typically would not have access to, resulting in the consistent improvement of our financial performance while creating a solid ROI for our shareholders."
THE ADAPTIVE SYSTEM
Adaptive allows advertisers across the U.S. to purchase ads inserted into a linked group of the Adaptive digital T.V. advertising system. Adaptive Ad Systems manages all ad-related activities and provides all technical support, ad sales, traffic, and billing. Adaptive has established an innovative revenue share agreement with each cable television system.
https://www.accesswire.com/701247/adaptive-ad-systems-reports-record-results-for-q1-2022