NEW YORK, Apr. 22, 2015 /PRNewswire/ -- Tapinator, Inc. (OTC: TAPM), a global developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, preannounced today its record revenue results for the first quarter of 2015.
First Quarter 2015 Unaudited Revenue Highlights:
- Q1 2015 revenue more than tripled compared to the same period a year ago, from $96k to $411k
- Q1 2015 revenue represents an 11% increase over seasonally strong Q4 2014
- Q1 2015 marks the fourth straight quarter of sequential quarterly revenue growth
Moreover, from a profitability standpoint, excluding the one-time impairment loss in Q3 2014, the company has generated net profits in every quarter since its inception in 2013. The Company plans to release its full quarterly results prior to May 15, 2015.
"During the first quarter, we released 20 new games, bringing our total library to over 100 titles. Key accomplishments this quarter included launching two games (Combo Quest; Endless Balance) that were featured as 'Best New Games' on Apple's iOS platform, and reaching an all-time high, in the quarter, of 245,000 new daily installs on Google Play, a metric which we have since surpassed," stated Tapinator CEO, Ilya Nikolayev.
To view Tapinator's portfolio, please navigate to the iOS, Google Play, or Amazon App Store and search for "Tapinator." Or, for a full listing of Tapinator games with links to each app store, please visit Tapinator.com.
Tapinator (OTC: TAPM) is a global developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms. The Company focuses on operating its own titles, publishing properties where it holds substantial ownership positions, and making strategic investments into promising mobile companies. Tapinator's owned and operated portfolio includes over 100 mobile gaming titles that, collectively, have been downloaded by over 65 million players. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with development offices in Denmark, Pakistan and Canada. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.
Forward Looking Statements:
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see Tapinator's filings with the OTC Market Group, which are available through http://www.otcmarkets.com.
Tapinator Investor Relations
SOURCE Tapinator, Inc.