IRVINE, Calif., Dec. 15, 2015 (GLOBE NEWSWIRE) -- Content syndication and monetization company, Adaptive Medias, Inc. (OTCQB:ADTM), a leader in programmatic advertising across mobile, video and online display, today announced it expects profitability in the fourth quarter of 2015, ending December 31, 2015, one quarter ahead of expectations. This will represent the Company’s first profitable quarter since its inception.
"Our ‘Media Graph First’ higher-margined technology sales strategy is working, and customers are embracing our end-to-end technology solution for its ease-of-use, seamless operation across mobile and other technology platforms and overall efficacy," said John B. Strong, Chairman and Chief Executive Officer of Adaptive Medias.
“We believe Media Graph will grow to over half of our sales in the current quarter, and not only do we expect to be operating cash flow positive in the quarter, we expect fourth quarter revenues to surpass our previous guidance.”
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Medias is a programmatic audience and content monetization provider for website owners, app developers and video publishers who want to more effectively optimize content through advertising. The Company provides a foundation for publishers and developers looking to engage brand advertisers through a multi-channel approach that delivers integrated, engaging and impactful ads across multiple devices. Adaptive Medias meets the needs of its publishers with an emphasis on maintaining user experience, while delivering timely and relevant ads through its multi-channel ad delivery and content platform. For more information, please visit www.adaptivem.com. Follow the Company on Twitter @adaptive_m.
(This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.)
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Source:Adaptive Medias Inc.