RLTR YTD Revenues Increase 7Xhttps://www.accesswire.com/661116/reeltimes-ytd-revenues-increase-7x-as-q2-more-than-triples-over-same-period-in-2020 - YTD Fiscal 2021 Revenue of $1,743,253 vs. $246,507 for YTD Fiscal 2020 - an increase of 707%
- Q2 Fiscal 2021 Revenue of $427,509 vs. $124,347 for Q2 Fiscal 2020 - an increase of 343%
The increase in sales resulted primarily from a lifting of restrictions on hospitality and travel which has caused advertisers to return. In addition, revenues from ReelTime's technology licensing agreement with Barista's Munchie Magic continues to increase.
Barry Henthorn stated: "We are very pleased that our revenues are increasing faster than we had anticipated. As travel and other hospitality restrictions ease further, we expect the increase in spending from our media clients to continue. Based on recent developments this certainly appears to be the case."