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Captivision Inc (formerly Glaam Co Ltd) is a pioneering company engaged in the manufacturing, installation, and sale of LED display G-Glass. G-Glass stands out as an integrated ICT product that retains the fundamental properties of transparent glass while simultaneously displaying media images. This innovation allows Captivision to blend media images through the glass surface while maintaining its clarity and transparency, making it the world's first IT building material for diverse glass applications.
Captivision has achieved significant milestones, including the recent installation of their media glass on modified freight containers for the Framework in the Desert event at the Atlantic Aviation airport hangar in Thermal, California. This strategic collaboration with Framework and other entertainment partners aims to redefine live entertainment experiences by incorporating Captivision's cutting-edge media solutions. The event is expected to generate over 80,000 physical impressions and more than 1,000,000 social impressions, showcasing the potential of Captivision's technology to captivate large audiences.
Under the leadership of CEO Gary Garrabrant, Captivision is focused on expanding its revenue generation potential and presence in the United States. The company's media glass and solutions have been implemented in numerous locations worldwide, including sports stadiums, entertainment venues, casinos, hotels, convention centers, office and retail properties, and airports.
Captivision's product portfolio offers a wide spectrum of applications, ranging from entertainment and information media to cultural and artistic content and marketing use cases. With the ability to transform any glass façade into a transparent media screen with real-time live streaming capabilities, Captivision is setting new standards in the industry.
Looking ahead, Captivision is dedicated to pushing the boundaries of media glass technology and exploring new opportunities for growth. The company remains committed to innovation, quality, and customer satisfaction as it continues to shape the future of architectural media glass.
For more information, visit Captivision's official website.
Captivision (NASDAQ: CAPT) has announced its first collaboration with the Dream Hollywood hotel in Los Angeles, marking its expansion into digital out-of-home (OOH) media. The company is creating a transparent digital display that will generate a new recurring revenue stream and is expected to produce over three million social media impressions annually. The project involves partnerships with Integrated Market Optimization and Smart City Labs, combining physical and streaming technology for advertising revenue. The venture represents Captivision's evolution as a solution provider across the LED product spectrum.
Captivision Inc. (NASDAQ: CAPT) reported its financial results for the first half of 2024, showing significant growth and improved financial position. Revenue increased by 22% to $15.3 million, compared to $12.6 million in the same period of 2023. The company's gross margin improved to 56% from 50% in the previous year. Captivision raised approximately $8.3 million through equity and debt financings and converted $4.2 million of outstanding debt into equity.
Notable projects contributing to revenue growth included installations at the Mohegan INSPIRE Entertainment Resort, Coex Magok convention center, and UE Garden Hotel & Resort. However, the company reported a net loss of $9.3 million for the period, primarily due to increased selling and administrative expenses related to its transition to a publicly traded entity.
Captivision Inc. (NASDAQ: CAPT) has announced a collaboration with Mohegan, installing a dynamic media glass façade at Mohegan INSPIRE Entertainment Resort in South Korea. This marks Captivision's first partnership with Mohegan, a global leader in entertainment and gaming resorts. The transparent media glass façade integrates advanced display capabilities with the resort's architecture, creating a mesmerizing canvas for media content.
Located near Incheon International Airport, INSPIRE is Mohegan's first international destination resort in Northern Asia. The installation in the International Business Center area showcases Captivision's commitment to providing innovative solutions for world-class partners. This collaboration sets a new standard for visual experiences in hospitality and entertainment environments, preserving panoramic views while delivering tailored visual content.
Captivision Inc. (NASDAQ: CAPT), a pioneer in architectural media glass, has announced strategic improvements to its balance sheet. The company has converted approximately $4.2 million of outstanding debt into equity at a price of $3.00 per share, issuing 1,414,895 shares. Additionally, Captivision Korea, a wholly owned subsidiary, has raised approximately $2.2 million through a private placement bond issuance.
These financial maneuvers aim to strengthen Captivision's financial position as the company anticipates important business catalysts and milestones. CEO Gary Garrabrant expressed appreciation for investors' continued support and confidence in the company's future success.
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