Jerrick Media Holdings Inc (OTCMKTS: JMDA), a company focused on digital media and technology, reported its earnings for the fiscal year and quarter ending on December 31, 2017. The report proved to be overwhelmingly positive. Today, we’ll talk about:
- What we saw from the report;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
JMDA Announces Earnings
As mentioned above, Jerrick Media announced its earnings for the full 2017 fiscal year as well as the fourth quarter, which ended on December 31, 2017. Here’s what we saw from the report:
- Content Publishing – In the report, JMDA said that it now receives an average of 300+ of daily content submissions from more than 200,000 content creators.
- Revenue – During the 2017 year, revenue came to a total of $95,653. This figure accounted for receivables, which proved to be an adjustment of $25,722.
- Content Creators – The company said that during the 2017 year, it added more than 100,000 content creators to its platform and an additional 125,000 content creators in the first four months of 2018.
In a statement, Rick Schwartz, co-founder at JMDA, had the following to offer:
A great deal of my personal focus was spent working with, and solving problems for, talented creators and their communities. The evolving digital landscape has compelled creators and brands to increasingly value sustainable partnerships and meaningful connectivity. Vocal facilitates these relationships and generates revenues from both brands and creators within its virtual marketplace.
To view the full release, click here!
What We’ll Be watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on JMDA. In particular, we’ll continue to follow the growth of the Vocal platform, the on-boarding of further content creators, and the company’s continued innovation in the content technology space. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under-discovered stocks to the attention of investors to assist in making smart decisions in the market. CNA Finance is a for-profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and press release services. Jerrick Media paid CNA Finance $350 for services relating to the expanded exposure of the report discussed above. Therefore, while we do everything in our power to provide true, well-researched, and well-thought-out opinions, in some instances, a potential conflict of interest may exist. CNA Finance encourages all investors to seek professional advice before making any investment decision.