Palm Beach, FL 5/4/12 (StreetBeat) -- iTrackr Systems, Inc. (OTCBB: IRYS) (“iTrackr” or the “Company”), an e-commerce and social media software and services company, today announced updates on operational and revenue performance.Financial Results 2011 (OTCBB: IRYS)
• Revenue of $462,842, an increase of 440% from $85,576 recorded in the same period 2010.
• Gross profit was $250,640 as compared to $85,576 recorded in full year 2010.
• Net loss per basic common share of 0.04 with 23.35 million shares outstanding, as compared to a net loss per basic common share of 0.05 with 20.04 million shares outstanding in 2010.
• As of December 31, 2011, current assets of $257,636, including cash on hand of $130,139 and accounts receivable of $125,376.
Financial Results Q1 2012
• Revenues for the three months ended March 31, 2012 were $138,247 compared to revenues of $46,250 for the three months ended March 31, 2011, a $91,997 or 198.9% increase.
Subsequent Events (RespondQ)
• Launched open beta version of iTrackr.com’s neighborhood deal platform to general public.
• Expanded into Latin America through TechsiMark distribution agreement.
• Signed long term licensing agreement with BillMyParents for chat technology services.
• Expanded Management Team and Board of Directors with industry veterans.
Mr. Jeremy Brooks, President of iTrackr Systems, Inc., commented: “Looking ahead in 2012 and 2013, our entire organization has a core focus of driving sales and generating revenue. The company is in the process of initiating a combined RespondQ-iTrackr.com massive marketing campaign as well as planning for a larger viral marketing campaign later in the year. With such marketing initiatives underway or in the planning stages, we anticipate increased sales overall for the year, particularly as our products and services gain awareness in key target markets. Moreover, we expect to see improved performance from our growing direct deals 'merchant meets local consumer' e-commerce platform, iTrackr.com, and increased activity from business owners and consumers alike. While the platform is essentially completed, we will improve it cosmetically over the next several months. We aim to have the final launch of iTrackr.com completed in the third quarter of 2012 and look forward to its reception among users.”
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment