Welcome to our dedicated page for TAPINATOR news (Ticker: TAPM), a resource for investors and traders seeking the latest updates and insights on TAPINATOR stock.
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 a common stock dividend aimed at enhancing stock ownership accessibility. Shareholders on record as of March 1, 2022, will receive four additional shares for each existing share, with distribution after market close on March 16, 2022. This results in a total of 2,824,810 outstanding shares. The stock will trade on a split-adjusted basis from March 17, 2022. The company's CUSIP number remains unchanged. This move may attract more investors and reflects Tapinator's commitment to shareholder value.
Tapinator, Inc. (OTC: TAPM) reported strong financial results for the fiscal year ending December 31, 2021. The company achieved record revenue of approximately $5.8 million and record net income of about $666,000. Year-over-year improvements were 31% in revenue and 60% in adjusted EBITDA, which reached around $1.6 million. For Q4 2021, revenue was approximately $1.7 million, with a net loss of $316,000. The growth was driven by success in mobile gaming and entry into the NFT market, although the company did not provide financial guidance for the upcoming periods.
Tapinator, Inc. (OTC: TAPM) announced an update on its mobile game, Crypto Trillionaire, which has surpassed 800,000 downloads since its January 2019 launch. In the past month, the game saw over 100,000 downloads on Google Play, reaching the top 150 in the U.S. Simulation Games category. CEO Ilya Nikolayev highlighted a planned major game update in H1 2022, intending to integrate NFTs, which could attract more players and partnership opportunities. The company also is developing a new social casino game set for Q1 2022 release.
Tapinator, Inc. (OTC: TAPM) reported strong financial results for Q3 and YTD 2021, achieving record revenue of $1.5 million in Q3, a 32% increase year-over-year (YoY), and $4.2 million for the nine months, up 28% YoY. Net income reached $528,000 in Q3, marking a substantial 630% YoY growth, with EPS of $0.94. The company’s NFT publishing business contributed to these results, with total bookings of $1.8 million in Q3 and $4.5 million for the nine months. Tapinator continues to develop new gaming products and expand its NFT offerings.
Tapinator (OTC: TAPM) has launched the NFT500 mobile app on the iOS App Store, enabling users to browse and cast digital art NFTs directly to their SmartTV. The app focuses on blue-chip NFTs in the NFT500 Museum Collection and requires no crypto knowledge to use. With over 250 works from notable NFT artists, NFT500 aims to broaden NFT art exposure. CEO Ilya Nikolayev anticipates a future where consumers primarily display digital art from this collection at home. The company is also developing an Android version and plans to market the app immediately.
Tapinator, Inc. (OTC: TAPM) announced its financial results for Q2 and H1 2021, reporting record revenue of approximately $1.4 million and $2.6 million, respectively, marking increases of 21% and 26% year-over-year. The company achieved net income of $216,000 for Q2, up 239%, with basic EPS rising to $0.38. Adjusted EBITDA also hit records at $374,000, reflecting a 20% increase. Tapinator continues to develop new products, including the NFT500 platform, with the expectation of sustained growth in the future. Despite strong fundamentals, management believes the stock’s valuation does not reflect its true market value.
Tapinator, Inc. (OTC: TAPM) has provided an update on its new mobile game, Idle Industries, released globally on May 26, 2021, in collaboration with Robot Cake Games. The game was featured by Apple as a "New Game We Love" and achieved over 50,000 downloads with a rating of 4.7 stars. It ranks in the Top 150 Strategy Games in the U.S. CEO Ilya Nikolayev highlighted the game's innovative mechanics and recent version 1.2 enhancements. Additionally, Tapinator is planning the September launch of its upcoming title, NFT500.
Tapinator, Inc. (OTC: TAPM) reported unaudited Q1 2021 financial results highlighting significant growth. Revenue reached approximately $1.2 million, a 33% year-over-year increase, while net income was approximately $237,000, marking a turnaround from a net loss of $267,000 in Q1 2020. Record bookings of $1.3 million and adjusted EBITDA of $200,000 were achieved, representing year-over-year increases of 37% and 121%, respectively. The company anticipates continued revenue growth and a sustained adjusted EBITDA margin of at least 15% for the year.
Tapinator, Inc. (OTC: TAPM) announces the development of NFT500, a subscription-based platform for showcasing blue-chip NFTs. Set to launch in Summer 2021, the service will feature a mobile app for users to access the NFT collection, driven by data science and direct commissions from artists. The pricing model aims to include royalties for artists and potential appreciation for subscribers through the $NFT500 Token. CEO Ilya Nikolayev envisions consumers using the service to display digital art in their homes, reflecting a burgeoning market for NFTs.
Tapinator, Inc. (OTC: TAPM) has provided an update on its Non-Fungible Token (NFT) initiatives, originally launched in 2018. Despite early challenges due to a nascent market and regulatory uncertainties, the company believes the NFT market has now matured, citing significant sales in the sector. Tapinator plans to announce a new NFT platform soon, aiming to offer a curated experience in a crowded marketplace. CEO Ilya Nikolayev emphasized the potential for curation to create shareholder value, although he cautioned that monetization is not guaranteed.
FAQ
What is the current stock price of TAPINATOR (TAPM)?
What is the market cap of TAPINATOR (TAPM)?
What does Tapinator Inc. do?
How many games has Tapinator developed?
What are some popular games by Tapinator?
Where is Tapinator headquartered?
How many downloads have Tapinator games achieved?
What recent financial performance has Tapinator reported?
How does Tapinator generate revenue?
What is unique about Blackjack Live Casino?
What strategic initiatives is Tapinator focusing on?
Where can I find Tapinator's financial reports?
