Jerrick Media Holdings, Inc. Reports Revenue Results for the First Quarter Ended March 31, 2018; Reports Revenue Results for the Months of April and May 2018; Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter of Fiscal 2018; Provides Earnings Guidance for the Fiscal 2018
June 18, 2018 at 01:45 pm
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Jerrick Media Holdings, Inc. reported earnings results for the first quarter ended March 31, 2018. Revenues for first quarter 2018 were $16,249, resulting from the successful implementation of diversified and scalable streams, including branded content, microtransactions, and affiliated sales.
Revenues remained consistent through April and doubled in May to near $11,500, while maintaining similar diversification month-over-month.
As indicated in its annual filing, the Company expects a material increase in compounded and total gross revenues during fiscal year 2018 as compared to fiscal year 2017. This increase is attributed to the broad release of the Vocal platform's revenue-generating features and technology, as well as the reactivation of legacy asset sales. At the current rate of scale and marketing budget, the Company expects revenues to reach over $100,000 monthly before the end of fiscal year 2018.
The company is expected to generate in excess of $34,000 in revenues for the second quarter of 2018. This represents over 100% growth quarter-over-quarter due to the continued successful implementation of diversified and scalable streams, including branded content, microtransactions, and affiliated sales.
The company expects to generate near $100,000 in revenues for third quarter 2018 and in excess of $200,000 for fourth quarter 2018, excluding potential legacy asset sales. The pace of growth should remain consistent through the first and second quarters of 2019.
Creatd, Inc. is a technology company focused on providing economic opportunities for creators. The Company operates through three segments: Creatd Labs, Creatd Ventures, and Creatd Partners. The Creatd Labs segment is focused on development initiatives. Creatd Labs segment houses the Company's technology, including its flagship platform, Vocal, as well as oversees the Company's content creation framework and management of its digital communities. Its flagship product, Vocal, delivers a long-form, digital publishing platform organized into engaged niche-communities. The Creatd Ventures segment builds, develops, and scales e-commerce brands. This segment sells products from its two majority-owned direct-to-consumer brands, Camp and Dune Glow Remedy. Creatd Partners segment fosters relationships between brands and creators through its suite of agency services, including content marketing (Vocal for Brands), performance marketing (Seller's Choice), and influencer marketing (WHE Agency).
Jerrick Media Holdings, Inc. Reports Revenue Results for the First Quarter Ended March 31, 2018; Reports Revenue Results for the Months of April and May 2018; Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter of Fiscal 2018; Provides Earnings Guidance for the Fiscal 2018