Here is an interesting post from another board by Kgem:
SteamTrack, Inc. (QTCQB:STTK) a digital media and technology services company operating within the internet radio and streaming media sectors today released its audited annual 10-K.
The following is a summary of its 2014 achievements:
12.3 cents revenue per listening hour in 2014 compared to 7.8 cents in fiscal 2013, a year over year increase of over 50%.
147,617 registered members as of 8/31/14 compared to 124,953 registered users as of 8/31/13, a year over year increase of over 18%.
Streaming related gross revenue of $1,636,383 in fiscal 2014, compared to $900,405 in fiscal 2013, a year over year increase of over 80%.
Cost of revenue of $1,260,166 in fiscal 2014 compare to $1,703,353 in fiscal 2013, a decrease of over 26%.
Operating expenses of $1,127,711 in fiscal 2014 compare to $2,431,758 in fiscal 2013, a decrease of over 54%.
A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in fiscal 2013, an improvement of $1,449,217.
Over 470 million songs played as of 8/31/14 since Radioloyalty's commercial launch in May of 2011.
Over 7.3 million song likes shared through social media as of 8/31/14.
Progression of development work associated with the launch of Streamtrack: an artist-based broadcasting platform, Robot Fruit, Scratch.fm and WatchThis!
