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Dienstag, 14.11.2017 14:35 von PR Newswire | Aufrufe: 25

Tapinator Releases Third Quarter 2017 Results

Wirtschaftsnachrichten (Symbolbild). pixabay.com

PR Newswire

NEW YORK, Nov. 14, 2017

NEW YORK, Nov. 14, 2017 /PRNewswire/ -- Tapinator, Inc. (OTCQB: TAPM), a leading developer and publisher of mobile games on the iOS, Google Play and Amazon Platforms, today announced quarterly financial results and the filing of its quarterly report for the period ended September 30, 2017. The quarterly report and unaudited financial statements may be found at:

http://www.otcmarkets.com/stock/TAPM/filings

The Company ended Q3 with 333 active mobile games, of which 29 were released in the quarter. As of September 30, 2017, Tapinator had 89 titles within its active portfolio that had each achieved more than one million player downloads.

Financial Highlights

Nine-month year-to-date revenues of $2.28m; down 24% from $2.99m year-over-year
Quarterly revenues of $850k; down 22% from $1.08m year-over-year, and up 37% sequentially
Nine-month year-to-date bookings (a non-GAAP measure*) of $2.62m; down 13% from $2.99m year-over-year
Quarterly bookings (a non-GAAP measure*) of $899k; down 17% from $1.08m year-over-year, and up 20% sequentially
Full-Featured Games year-over-year revenue growth of 148% and 133% and bookings growth of 183% and 255%, for the three months and nine months ended September 30, 2017, respectively.
Nine-month year-to-date operating income (loss) of ($550k); down from $61k year-over-year
Quarterly operating income (loss) of ($105k); down from $53k year-over-year
Nine-month year-to date adjusted EBITDA (a non-GAAP measure*) of $127k; down 83% from $740k year-over-year
Quarterly adjusted EBITDA (a non-GAAP measure*) of $124k; down 56% from $278k year-over-year, and up 427% sequentially

Financial Results (unaudited)

Three Months Ended

Nine Months Ended

ARIVA.DE Börsen-Geflüster

Kurse

Tapinator

0,50 $

+2,04%

Sept. 30, 2017

Sept. 30, 2016

Sept. 30, 2017

Sept. 30, 2016

GAAP Results

Revenue

$849,787

$1,083,176

$2,282,677

$2,994,262

Operating Income (Loss)

(104,775)

53,233

(550,493)

60,821

Net Income (Loss)

(506,511)

(1,090,761)

(2,922,885)

(1,901,011)

Basic Net Income (Loss) Per Share

($0.01)

($0.02)

($0.05)

($0.03)

Diluted Net Income (Loss) Per Share

($0.01)

($0.02)

($0.05)

($0.03)

Weighted average common shares outstanding:

Basic

59,459,303

56,959,303

58,641,233

56,999,814

Diluted

59,459,303

56,959,303

58,641,233

56,999,814

Revenue by Game Type:

Full-Featured

$354,951

$142,995

$649,558

$278,302

Rapid-Launch

494,836

940,181

1,633,119

2,715,960

Total

$849,787

$1,083,176

$2,282,677

$2,994,262

Non-GAAP Results*

Three Months Ended

Nine Months Ended

Sept. 30, 2017

Sept. 30, 2016

Sept. 30, 2017

Sept. 30, 2016

Bookings

$898,775

$1,083,176

$2,618,109

$2,994,262

Adjusted EBITDA

$123,566

$277,868

$127,081

$740,487

Bookings by Game Type:

Full-Featured

$404,697

$142,995

$988,112

$278,302

Rapid-Launch

494,078

940,181

1,629,997

2,715,960

Total

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