Yappn quarterly revenues increase 578% to $528K for Q3
https://www.marketwatch.com/story/yappn-quarterly-revenues-increase-578-to-528k-for-q3-2015-04-15?reflink=MW_news_stmp
Yappn quarterly revenues increase 578% to $528K for Q3
Company continues to expand market opportunities and revenue programs
NEW YORK, NY – April 15, 2015 – Yappn Corp. (“Yappn” or “Company”) (OCTQB: YPPN) a leader in real-time language technology and translation is pleased to announce that it is continuing to expand its market opportunities and revenue programs having generated $528,846 in Revenue with Gross Profit of $388,663 or 73%. This represents a 578% increase in revenue from the previous fiscal quarter. Loss from operations improved significantly, from a quarterly loss of $1,473,503 in Q2 to a quarterly loss of $460,695 in Q3, representing an improvement of almost 69% for Q3, as the Company continues to focus and expand its revenue programs and trim overall expenses.
In a subsequent note (Note 12) in the Company’s 10-Q filing (please see the link below), the Company recorded $271,318 in revenue for the month of March 2015, continuing its upward trend in revenue generation.
Yappn Corp. Q3 FY 2015 10Q:
https://www.sec.gov/Archives/edgar/data/1511735/000121390015002699/f10q0215_yappncorp.htm
"We are extremely pleased with the progress we’ve made in Q3.”
said David Lucatch, Founder and CEO of Yappn Corp. “Our ongoing efforts to commercialize the business are showing increased results as we focus more on selling and less on education as the market, in general, begins to appreciate the language barrier and how Yappn can assist in overcoming the Ecommerce and communication obstacles. Yappn has the solution to efficiently and effectively solve the multilingual issue for Ecommerce.”
As previously announced on December 1, 2014, Yappn announced its ground breaking program with Digital Widget Factory (“DWF”) to commence an extremely large build for potentially hundreds of multilingual Ecommerce sites beginning in early 2015 through 2017 with an anticipated revenue generation of up to US$3,000,000 during calendar 2015.
Yappn continues to realize revenue from this program and during the third quarter, Yappn delivered over 40 web sites and a multilingual content management system to DWF. Management expects the program will continue to advance. It should be noted that no assurances can be provided as to the final amount of revenue that may be recognized.
The Company also continues to expand its efforts with Ecommerce and communications as it has been testing a number of solutions to enable single language online storefronts to effectively market, sell and support Etailing efforts, including the shopping cart, in multiple languages.
For more information, please visit
www.yappn.com
To learn more about Why Language Matters to a growing global economy, visit our blog at
www.whylanguagematters.com
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About Yappn
Yappn is a real-time multilingual company that amplifies brand and social messaging, expands online commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages.
Yappn focuses on delivering global reach and efficiencies without the need of human intervention, making the language experience immediate through all phases of Ecommerce, online events and content programming.
Yappn Corp. is publicly traded in the U.S. on the OTCQB – symbol “YPPN” Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T), a leading technology incubator, has a controlling interest in Yappn Corp.
For more information, please visit
https://www.yappn.com or contact:
David Lucatch, Founder and CEO
info@yappn.com
or
Jeanny So, VP, Corporate Communications
jeanny@yappn.com
T: 1.800.395.9943 x 228