Posted On: 12/15/2014 9:27:26 PM
Post# of 1241
StreamTrack, Inc. (OTCQB: STTK), a digital media and technology services company operating within the internet radio and streaming media sectors, today released its audited annual 10-K.
The following is a summary of 2014 achievements:
• 12.3 cents revenue per listening hour in fiscal 2014 compared to 7.8 cents in fiscal 2013, a year over year increase of over 50%.
• 147,617 registered members as of 8/31/14 compared to 124,953 registered members as of 8/31/13, a year over year increase of over 18%.
• Streaming related gross revenue of $1,636,383 in fiscal 2014 compared to $900,405 in fiscal 2013, a year over year increase of over 80%.
• Cost of revenue of $1,260,166 in fiscal 2014 compared to $1,703,353 in fiscal 2013, a decrease of over 26%.
• Operating expenses of 1,127,711 in fiscal 2014 compared to 2,431,758 in fiscal 2013, a decrease of over 54%.
• A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in fiscal 2013, an improvement of $1,449,217.
• Over 470 million songs played as of 8/31/2014 since Radioloyalty’s commercial launch in May 2011.
• Over 7.3 million song "likes" shared through social media as of 8/31/2014.
Progression of development work associated with the launch of StreamTrack: an artist-based broadcasting platform, Robot Fruit, Scratch.fm and WatchThis!
The following is a summary of 2014 achievements:
• 12.3 cents revenue per listening hour in fiscal 2014 compared to 7.8 cents in fiscal 2013, a year over year increase of over 50%.
• 147,617 registered members as of 8/31/14 compared to 124,953 registered members as of 8/31/13, a year over year increase of over 18%.
• Streaming related gross revenue of $1,636,383 in fiscal 2014 compared to $900,405 in fiscal 2013, a year over year increase of over 80%.
• Cost of revenue of $1,260,166 in fiscal 2014 compared to $1,703,353 in fiscal 2013, a decrease of over 26%.
• Operating expenses of 1,127,711 in fiscal 2014 compared to 2,431,758 in fiscal 2013, a decrease of over 54%.
• A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in fiscal 2013, an improvement of $1,449,217.
• Over 470 million songs played as of 8/31/2014 since Radioloyalty’s commercial launch in May 2011.
• Over 7.3 million song "likes" shared through social media as of 8/31/2014.
Progression of development work associated with the launch of StreamTrack: an artist-based broadcasting platform, Robot Fruit, Scratch.fm and WatchThis!
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