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Wednesday, January 27, 2021 12:21:42 PM
Prior to the conclusion of the month of December 2020, the Company's largest revenue for any December throughout the company's history was $429,000. Revenue recorded for December 2020 exceeded $1.3 million, for an increase of about 200%.
The record revenue for December 2020 adds to the exceptional financial performance during all of 2020. The Company had already reported record revenue for each of the months of August and September of 2020, which resulted in the largest third quarter revenue ever, only to be surpassed again by the largest revenue for any months of October and November.
Mr. Heil states: "The year 2020 was a challenging year for almost every business, and our company was no exception. However, through regular remote conferencing by our team, persistence in installing new and advanced ad-insertion equipment, upgrading existing equipment, continuing to improve our digital ad insertion software technology and working closely with advertisers who were trying to adjust quickly to a unique advertising environment, we were able to achieve, and even exceed, many of the goals we set back in January 2020. Accordingly, I am pleased to announce that while having produced extraordinary gains in revenue over the past five months, we currently anticipate reporting soon the largest revenue for any January in the Company's history."
https://www.otcmarkets.com/stock/AATV/news/Adaptive-Ad-Systems-Announces-Record-Revenue-of-13-Million-for-December-2020?id=287594
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