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Posted On: 08/24/2021 2:03:31 PM
Post# of 5031
$RLTR ReelTime's YTD Revenues Increase 7X as Q2 More than Triples Over Same Period in 2020
https://www.accesswire.com/661116/reeltimes-y...od-in-2020
SEATTLE, WA / ACCESSWIRE / August 24, 2021 / Reeltime Media (OTC PINK:RLTR) reported that its YTD revenues have increased over 7X for the six month period ending June 30, 2021 compared to the six month period ending June 30, 2020. Additionally, Revenues more than tripled in Q2 for the three months ending June 30, 2021 compared to the same period in 2020.
YTD Fiscal 2021 Revenue of $1,743,253 vs. $246,507 for YTD Fiscal 2020 - an increase of 707%
Q2 Fiscal 2021 Revenue of $427,509 vs. $124,347 for Q2 Fiscal 2020 - an increase of 343%
The increase in sales resulted primarily from a lifting of restrictions on hospitality and travel which has caused advertisers to return. In addition, revenues from ReelTime's technology licensing agreement with Barista's Munchie Magic continues to increase.
Barry Henthorn stated: "We are very pleased that our revenues are increasing faster than we had anticipated. As travel and other hospitality restrictions ease further, we expect the increase in spending from our media clients to continue. Based on recent developments this certainly appears to be the case."
All recently filed financials incorporate an enhanced level of disclosure that is intended to meet the criteria of the highest levels of the OTC Markets and beyond.
https://www.accesswire.com/661116/reeltimes-y...od-in-2020
SEATTLE, WA / ACCESSWIRE / August 24, 2021 / Reeltime Media (OTC PINK:RLTR) reported that its YTD revenues have increased over 7X for the six month period ending June 30, 2021 compared to the six month period ending June 30, 2020. Additionally, Revenues more than tripled in Q2 for the three months ending June 30, 2021 compared to the same period in 2020.
YTD Fiscal 2021 Revenue of $1,743,253 vs. $246,507 for YTD Fiscal 2020 - an increase of 707%
Q2 Fiscal 2021 Revenue of $427,509 vs. $124,347 for Q2 Fiscal 2020 - an increase of 343%
The increase in sales resulted primarily from a lifting of restrictions on hospitality and travel which has caused advertisers to return. In addition, revenues from ReelTime's technology licensing agreement with Barista's Munchie Magic continues to increase.
Barry Henthorn stated: "We are very pleased that our revenues are increasing faster than we had anticipated. As travel and other hospitality restrictions ease further, we expect the increase in spending from our media clients to continue. Based on recent developments this certainly appears to be the case."
All recently filed financials incorporate an enhanced level of disclosure that is intended to meet the criteria of the highest levels of the OTC Markets and beyond.
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