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Tapinator Inc. (OTC: TAPM) is a New York-based company specializing in the design, development, and publication of mobile games across iOS, Google Play, and Amazon platforms. Since its founding in 2013, Tapinator has built an impressive portfolio of over 300 mobile gaming titles, collectively boasting over 500 million downloads globally. Noteworthy games include Video Poker Classic, Crypto Trillionaire, Keno Vegas, and the recently launched Blackjack Live Casino.
Tapinator’s games have frequently secured high ranks on mobile leaderboard charts and have been prominently featured by Apple, Google, and Amazon app stores. This wide recognition underscores the company's capacity to produce engaging and popular games, making them a significant player in the mobile gaming industry.
The company's product development teams operate internationally from locations in Denmark, Pakistan, Indonesia, Canada, and Russia. This diverse geographic presence has allowed Tapinator to leverage a wide range of talents and insights, further enhancing their ability to innovate and grow within the highly competitive mobile gaming market.
Tapinator's financials for recent periods reflect both challenges and strategic pivots. For Q3 2023, the company reported revenue of $1.2 million, marking a year-over-year decline of 10%, primarily attributed to a decrease in their legacy Rapid-Launch Games. Despite this, their adjusted EBITDA increased by 65% year-over-year to $337,000, indicating improved operational efficiency. For the full year 2023, Tapinator achieved revenue of $4.4 million and adjusted EBITDA of $890,000, though these figures also reflected declines compared to the previous year.
In response to market and industry-wide challenges, Tapinator has focused on three strategic initiatives: enhancing existing game titles, particularly their social casino games; exploring new mobile gaming opportunities; and evaluating potential ventures outside the mobile gaming ecosystem that promise higher growth. The successful internal testing of Blackjack Live Casino exemplifies their innovative approach, offering a unique live, community play experience distinct from traditional solitary or multiplayer blackjack games.
Tapinator's revenue model primarily involves consumer transactions, including in-app purchases, subscriptions, and the sale of branded advertisements. The company's focus on well-defined monetization strategies has enabled sustained revenue generation, even in a maturing and increasingly competitive mobile gaming landscape.
As Tapinator progresses, it aims to continue building on its strengths while adapting to evolving market dynamics. By leveraging advances such as AI and enhancing player engagement through live host functionalities, the company remains committed to driving shareholder value and maintaining its stature in the mobile gaming industry.
Tapinator (OTC: TAPM) announced Q2 2024 financial results, reporting a 16% year-over-year revenue increase to $1.2 million. However, bookings decreased 8% to $1.1 million. The company's net income dropped significantly to $2,000 from $83,000 in the previous year, while Adjusted EBITDA decreased 44% to $119,000. For the six months ended June 30, 2024, Tapinator achieved revenue of $2.4 million and bookings of $2.3 million, with net income of $146,000 and Adjusted EBITDA of $262,000. The company faced challenges in Q2, particularly with its core Category Leading Games, which saw a 5% decrease in bookings. Tapinator is adjusting its marketing strategy and focusing on ramping up daily active users for its latest game, Blackjack Live Casino. The company is also developing two new AI-related products set to launch later this year.
Tapinator (OTC: TAPM) reported its unaudited financial results for Q1 2024, revealing a 16% YoY increase in revenue to $1.2 million and a 5% YoY increase in bookings to $1.2 million. Net income dropped by 29% YoY to $144,000, and adjusted EBITDA decreased by 15% YoY to $144,000. The basic and fully diluted EPS were $0.05.
Operating income saw a 17% increase to $21,417, while the net income margin fell from 19% to 12%. Tapinator maintains its focus on key products like Video Poker Classic and Blackjack Live Casino, with significant updates planned for 2024. The company is also exploring AI-driven enhancements and alternative growth opportunities outside the mobile gaming sector.
Tapinator announced its Q1 2024 financial results, showing a revenue increase of 16% year-over-year to $1.2 million.
Bookings rose by 5% to $1.2 million, while Adjusted EBITDA increased by 15% to $144k. However, net income decreased by 29% to $144k, with basic and fully diluted EPS at $0.05.
The company continues to face marketing challenges due to privacy changes but has increased investment in marketing to improve customer acquisition costs and player lifetime value.
Product development remains focused on key games like Video Poker Classic and Blackjack Live Casino, with significant updates planned for Q2 and Q3 2024.
Tapinator is also exploring opportunities in other industries to drive shareholder value.
Tapinator, Inc. (OTC: TAPM) reported unaudited financial results for the year ended December 31, 2022, revealing a 5% decline in revenue to $5.5 million and a 20% decrease in bookings to $5.4 million. Net income dropped 57% year-over-year to $285,000, with an adjusted EBITDA decline of 22% to $1.3 million. The quarterly results show a 31% revenue drop to $1.2 million and an adjusted EBITDA decrease of 54% to $270,000. The company focuses on improving existing products and expanding marketing efforts despite challenges in the mobile gaming sector and NFT market.
For Q3 2022, Tapinator (OTC: TAPM) reported revenues of $1.3 million, a 14% decrease YoY, with bookings down 31% at $1.2 million. Net income fell 73% to $144,000, and adjusted EBITDA decreased 56% to $204,000. Basic and diluted earnings per share were $0.05. For the nine months ended September 30, 2022, total revenue rose 5% to $4.4 million, but bookings declined 7%. Citing macroeconomic challenges, the company expects at least two more quarters of revenue contraction. Management is investing in game marketing and focusing on social casino games.
Tapinator, Inc. (OTC: TAPM) reported Q2 2022 financial results, highlighting a 2% year-over-year revenue decline to $1.4 million and a net loss of $77,000. Bookings dropped 12% to $1.3 million, while adjusted EBITDA fell 22% to $292,000. However, for the first half of 2022, revenues rose 17% to $3.1 million, with a net income of $733,000, a 62% increase compared to last year. CEO Ilya Nikolayev cited macroeconomic challenges impacting both mobile gaming and NFT segments, yet expressed commitment to long-term growth in these areas.
Tapinator, Inc. (OTC: TAPM) reported record financial results for Q1 2022, featuring a 38% revenue increase to $1.7 million and net income growth of 241% to $810,000. Bookings rose 30%, also reaching $1.7 million, while Adjusted EBITDA surged 147% to $494,000. The company's basic EPS was reported at $0.29 and $0.27 on a diluted basis. CEO Ilya Nikolayev highlighted strong performance in both mobile gaming and NFTs, despite facing macroeconomic headwinds.
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