Adtegrity.com Reports Second Quarter Earnings
GRAND RAPIDS, Mich., July 26, 2012 /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 second quarter ended June 30, 2012.
The Company's unaudited results included net income of $270,275 for the second quarter on revenues of $4.8 million, compared with net income of $81,883 on revenues of $3.1 million for the same quarter last year. The numbers reflect a more than tripling of net income on a 55% rise in revenue for the period.
"Our results demonstrate that we have been successful in executing on our growth strategy in the midst of a still-unpredictable economy," said Adtegrity.com President and CEO Scott Brew. "It was a solid quarter for both our top and bottom lines. During the period we also invested in expanding our downtown Grand Rapids presence to support additional staff and continued growth. We now have capacity to add as many as 25 additional staff members in the coming years."
Adtegrity reported serving more than 37.5 billion ad impressions during the second quarter, generating 57.1 million clicks and 5.1 million conversions for Adtegrity.com clients.
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.