NetworkNewsBreaks – Jerrick Media Holdings Inc.
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Posted On: 08/17/2020 3:16:02 PM
NetworkNewsBreaks – Jerrick Media Holdings Inc. (JMDAD) Announces Q2 2020 Results, Effectuates Reverse Stock Split
Jerrick Media Holdings (OTCQB: JMDA, JMDAD), a technology company and the parent company of Vocal, today announced financial results for the quarter ending June 30, 2020, including a substantial increase in revenues year over year and a 10% increase from the previous quarter. Among other highlights, the update reported an increase in revenue to $322,540 for the three months ended June 30, 2020, primarily attributable to the launch and steady growth of Vocal+ paid subscribers and the rising price points for Vocal for Brands campaigns. “We believe that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium members by the end of 2021,” Jerrick CEO Jeremy Frommer stated in the news release. “Our 2021 development roadmap for Vocal will work to support those objectives, with the implementation of features like referral fees to incentivize creators to help our efforts in expanding the Vocal platform.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Jerrick Media Holdings (OTCQB: JMDA, JMDAD), a technology company and the parent company of Vocal, today announced financial results for the quarter ending June 30, 2020, including a substantial increase in revenues year over year and a 10% increase from the previous quarter. Among other highlights, the update reported an increase in revenue to $322,540 for the three months ended June 30, 2020, primarily attributable to the launch and steady growth of Vocal+ paid subscribers and the rising price points for Vocal for Brands campaigns. “We believe that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium members by the end of 2021,” Jerrick CEO Jeremy Frommer stated in the news release. “Our 2021 development roadmap for Vocal will work to support those objectives, with the implementation of features like referral fees to incentivize creators to help our efforts in expanding the Vocal platform.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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