Adtegrity.com Reports Second Quarter Earnings
GRAND RAPIDS, Mich., Aug. 1, 2013 /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, 2013.
The Company's unaudited results included net income of $174,082 for the second quarter on revenues of $3.96 million, compared with net income of $270,275 on revenues of $4.8 million for the same quarter last year.
Management noted substantial increases in most of its key metrics compared to the prior quarter, during which Adtegrity posted a net loss of $54,837 on revenues of $3.07 million. Ad impressions for the second quarter also increased 26.5 percent versus the first quarter.
"We have seen a significant pickup in business during the second quarter and are optimistic that the momentum will continue through the second half of the year," said Adtegrity.com President and CEO Scott Brew. "We are not taking anything for granted and will remain focused on healthy, profitable growth for the remainder of 2013."
Adtegrity reported serving more than 61 billion ad impressions during the second quarter, resulting in 37.2 million clicks and 8.2 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.