Adtegrity.com Reports 2013 Results
GRAND RAPIDS, Mich., Feb. 19, 2014 /PRNewswire/ -- Adtegrity.com (Pink Sheets: ADTY), a Grand Rapids, Mich.-based company specializing in Internet advertising networks and services, today reported its results for the year ended December 31, 2013.
Adtegrity's audited full-year results included net income of $899,799 on net revenues of $17.98 million, compared with a net income of $840,555 on net revenues of $20.01 million in 2012. The company also increased its employee count to 43 – a net increase of seven compared to this time last year.
"While our top line was not as strong as it was in the prior year, we were able to drive an increase in profitability by staying efficient and focused on higher-margin aspects of our operations," said Adtegrity.com President and CEO Scott Brew. "We feel good about our momentum so far in 2014, have open positions to fill and see positive trends in our industry as a whole."
Adtegrity reported serving more than 69.4 billion ad impressions during the fourth quarter, resulting in 37.5 million clicks and 1.7 million conversions for Adtegrity.com advertisers.
Adtegrity.com's primary business is the delivery of interactive advertising and marketing services. Since its founding in 1999, the Company has established itself as a results-driven, customer-focused firm providing consistent quality to the top advertising brands online. Adtegrity currently delivers billions of advertisements across thousands of top-tier websites each month. For more information, visit www.adtegrity.com.
Forward-Looking Statements: This news release may include certain forward-looking statements including, but not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "should," and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, the regulatory environment, fluctuations in operating results and other risks.