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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arht Media Inc | TSXV:ART | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.06 | 0.055 | 0.06 | 0 | 01:00:00 |
Second Quarter 2021 Financial Update
Second Quarter 2021 Business Updates
“We achieved record revenue growth of 393% in the first half of the year driven by our ability to generate repeat sales from existing clients and add new customers, positioning us ahead of our 2019 trajectory and back towards growth following the height of the COVID-19 pandemic in 2020. Especially encouraging was the fact that 85% of revenue came from repeat and recurring clients – which demonstrates the “stickiness’ of our offering,” commented Larry O’Reilly Chief Executive Officer of ARHT Media. “In addition, we have started installations with our WeWork partnership which will build the world’s first HoloPresence network. We are budgeting $2 million in revenue in 2022 from these first 17 locations plus this network will be of tremendous benefit to our other permanent installed locations and event activations. We expect the second half of 2021 to continue along our growth trend with increasingly more demand for recurring revenue products such as our HoloPod™, where we permanently install the technology which generate transmission and maintenance fees on an annual basis.”
About ARHT Media ARHT Media’s patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global Stage™.
Connect with ARHT Media Twitter: http://www.twitter.com/ARHTmedia Facebook: http://www.facebook.com/ARHTmediainc LinkedIn: http://www.linkedin.com/company/arht-media-inc-
For more information, please visit www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.
ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
Press ContactSalman AminARHT Mediasamin@arhtmedia.com
Investor ContactPhil CarlsonKCSA Strategic Communications212-896-1233ARHT@kcsa.com
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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