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Tapinator Inc. (OTC: TAPM) delivers innovative mobile gaming experiences through 300+ titles across major platforms. This news hub provides investors and industry observers with essential updates about the company's strategic developments.
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Key updates include developments in live casino features, ad-supported revenue models, and responses to mobile industry challenges. All content is verified through primary sources to ensure accuracy.
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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.
