Adaptive Medias Expects to Report Record Third Quarter Revenues; Company Expects Record Fiscal 2015 Results
Company's Media Graph Platform Driving Higher Margin Revenue Growth
IRVINE, Calif., Sept. 2, 2015 (GLOBE NEWSWIRE) -- Content syndication and monetization company, Adaptive Medias, Inc. (OTCQB:ADTM), a leader in programmatic advertising across mobile, video and online display, 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.
For the three months ended September 30, 2015, we recognized revenue of $702,892 compared to $1,382,139 in the comparable period of 2014, a decrease of $679,247 or 49%.
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