Tapinator, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year of 2017; Provides Earnings Guidance for the Full Year of 2018
March 05, 2018 at 07:00 pm IST
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Tapinator, Inc. announced unaudited earnings results for the fourth quarter and full year of 2017. For the quarter, the company reported revenue of $862,000. Operating loss was $195,000. Net loss was $600,000. Adjusted EBITDA was $123,000.
For the year, the company reported revenue of $3,145,000. Operating loss was $746,000. Net loss was $3,523,000. Adjusted EBITDA was $250,000.
For the full year of 2018, the company expects revenues to be between $4,192,000 and $4,536,000, operating loss to be between $487,000 and $342,000, adjusted EBITDA to be between $627,000 and $773,000.
Tapinator, Inc. develops and publishes games for mobile platforms. The Companyâs portfolio includes over 300 titles that have over 500 million mobile downloads, including games such as Video Poker Classic and Crypto Trillionaire. It publishes two types of mobile games: Category Leading Games and Rapid-Launch Games. The Company operates NFT500, a digital art collection platform consisting of blue-chip fine art non-fungible tokens (NFTs), consists of approximately 525 fine art NFTs from more than 150 prominent NFT artists, such as Tyler Hobbs, Bored Ape Yacht Club, XCOPY, Helena Sarin, Pindar Van Arman, Monica Rizzolli, Refik Anadol, Manolo Gamboa Naon, Kevin Abosch, Zach Lieberman, Pak, Anne Spalter, Snofro, Hackatao, Bruce Gilden, Justin Aversano, Claire Silver, Zancan, Matt Deslauriers, Dmitri Cherniak, Nick Kuder and Damien Hirst. The Company's Rapid-Launch Games are published primarily under its Tap2Play brand. Its subsidiaries include Tapinator, LLC and Tap2Play, LLC.
Tapinator, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year of 2017; Provides Earnings Guidance for the Full Year of 2018
TAPINATOR, INC. 
