|From: NetworkNewsWire (Rep: 0)||Date: 11/14/2017 18:16|
|Forum: TAPINATOR, INC - Msg #13||Thread #673966261 (Rec: 0) |
|NetworkNewsBreaks – Tapinator, Inc. (TAPM) Posts Q3 2017 Financial Results|
Developer and publisher of mobile games, Tapinator (OTCQB: TAPM), this morning reported financial results and the filing of its quarterly report for the period ended September 30, 2017. Among other highlights, the company boasts a quarterly revenue of $850k, an increase of 37% over the previous quarter. The company launched 29 mobile games during Q3, and ended the quarter with 333 active games. Additionally, the company’s Full-Featured Games demonstrated a revenue growth of 148% for the third quarter. “Our goal in terms of our Full-Featured Games is to create franchise-type titles that have product lifespans of five to ten years. In 2018, we anticipate that (1) several titles from our existing Full-Featured portfolio will grow significantly as we optimize these titles for content and monetization; and (2) we will achieve scale with several new game launches that are currently in development,” Tapinator CEO Ilya Nikolayev stated in the news release. The quarterly report and unaudited financial statements may be found at www.otcmarkets.com/stock/TAPM/filings.
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