Advantego Corporation (ADGO)

[SamuraiX]

LATEST PR: Advantego Corporation Announces Second Quarter Financial Results

DENVER, CO / ACCESSWIRE / August 15, 2018 / Advantego Corporation (ADGO) today announced financial results for the second quarter and six months ended June 30, 2018, which illustrated substantial increases in sales for the reporting periods and over the first quarter of 2018 for its specialized Business Process as a Service (BPaaS). For the second quarter, Advantego recorded sales from its digital signage and digital listing product lines of $71,267 with a net loss of $244,642, equal to a net loss of two cents per share, on 16,010,976 basic weighted average shares outstanding compared with sales of $3,430 during a partial period of operations in 2017 resulting in a net loss of $159,555, equal to one cent per share, on basic weighted average shares outstanding of 14,664,718. For the six months period, the Company recorded $115,244 in sales compared with the $3,430 in 2017 with the sales for the six months being the same as the three-month period since operations only began in May of last year.