Adaptive Ad Systems Reports Re
Increases sales and profits year on year
VANCOUVER, WA / ACCESSWIRE / May 18, 2021 / Adaptive Ad Systems, Inc. (OTC PINK: AATV), a company that provides dynamic digital ad insertion (DDAI) through its streaming media hardware and proprietary processing software for U.S. cable television The satellite markets today report another profitable quarter for the first quarter of 2021.
Regarding the company’s financial results for the first quarter, J. Michael Heil, CEO of Adaptive Ad Systems, said: “We are very pleased with the results for the first quarter of 2021. This year we were able to increase both revenues again.” and benefit from the first quarter of 2020, with 2020 being our biggest year in terms of sales and profitability in the company’s history. “
Adaptive, together with its subsidiaries, develops and implements DDAI (Dynamic Digital Ad Insertion) services through its streaming media hardware and proprietary AI processing software for all US cable television markets and offers WISP (High Speed Fixed Wireless Internet Service) over its network ) of hybrid access points and micro POPs. Adaptive is a pioneer in the insertion of cable television advertising, serving independent cable television systems. The company’s own hardware and software set the standard that other companies in the advertising industry must meet. In recent years, the company has developed new products and services that are expanding with its core business going beyond cloud-based Dynamic Digital Ad Insertion (DDAI) services and technology to keep up with the cutting edge of the changing cable television service landscape .
Sales increased
Revenue for the first quarter of 2021 was $ 1,477,817 compared to $ 1,315,036 for the same period in 2020, an increase of $ 162,781, or approximately 12.3%. This improved performance was the result of the continued expansion of our network, recent expansion into new business areas and attracting new subscribers with our innovative business model.
Net profit increased
Net income increased from $ 272,159 in the first quarter of 2020 to $ 308,838 in the first quarter of 2021, an increase of $ 36,679, or approximately 13.4%. This increase was based on management’s philosophy of doing more business without increasing headcount. This has kept overhead low while increasing revenue by expanding our network and adding new subscribers.
Mr. Heil adds: “We are increasing the number of installations of our proprietary hardware and software systems across the country. These additional installations, combined with our advantageous business model with revenue sharing, enable us to continuously serve new networks and video subscribers. We offer our contract customers run critical advertising campaigns that they normally don’t have access to while managing all aspects of transactions for them, from serving key advertisers to ad insertion, traffic and billing. “
THE ADAPTIVE SYSTEM
Adaptive enables advertisers in the United States to purchase ads that will be placed in a linked group of the Adaptive Digital TV advertising system. Adaptive Ad Systems manages all advertising-related activities and provides all technical support, ad sales, traffic and billing. Adaptive has an innovative revenue sharing agreement with every single cable television system.
ABOUT ADAPTIVE
Adaptive Ad Systems Inc. is a digital media and video communications company that, with its subsidiary, manufactures, develops, and uses DDAI (Dynamic Digital Ad Insertion) and video streaming media hardware and proprietary processing software for the cable television, satellite television, and IPTV markets and High Speed Fixed Wireless Internet Service (WISP) over a network of Hybrid Access Points and Micro POPs. Adaptive’s primary focus is on Tier 2 and Tier 3 US markets. Adaptive only sells all available advertising space in each market across multiple national cable television networks, while retaining full technological ownership. Adaptive has implemented a compelling profit-sharing model with its cable television partners. The company serves over 200 designated marketing areas in approximately 39 states. Adaptive also provides broadband and cable television services in some niche markets. More information is available at: www.adaptiveadsystems.com.
FORWARDING STATEMENTS
All statements contained in this press release that are not historical facts are forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements about management’s plans and goals for current and future operations, development, regulatory approvals, and marketing of the Company’s products or any of the Company’s proposed services, systems. Partnerships or acquisitions. Such forward-looking statements are not intended to predict or guarantee actual results and performance and actual events or results could differ materially. Factors that could cause actual results to differ materially from those projected include, but are not limited to, the Company’s delays in developing its products, inability to obtain additional funding, the effects of material new or changing government regulations the industry, existing or existing increased competition, arbitration and litigation results, volatility and illiquidity of stocks, and the company’s general failure to implement the company’s business plans or strategies. The company assumes no obligation to update any forward-looking statements to reflect changes in events or circumstances that may occur after the date of this publication.
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CONTACT:
Adaptive Ad Systems, Inc.
4400 NE 77th Avenue, Suite 275
Vancouver, Washington 98662
310-321-4958
[email protected]
www.aatv.co
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San Diego, California
442-287-8059
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SOURCE: Adaptive Ad Systems, Inc.
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