AiAdvertising, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 10:59 am EDT
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AiAdvertising, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1.62 million compared to USD 2 million a year ago. Net loss was USD 2.02 million compared to net income of USD 3.59 million a year ago.
For the six months, sales was USD 2.82 million compared to USD 3.55 million a year ago. Net loss was USD 4.62 million compared to USD 6.92 million a year ago.
AiAdvertising, Inc. is an advertising technology (AdTech) company. The Company is focused on harnessing the power of artificial intelligence (AI) and machine learning (ML) to eliminate waste and maximize return on digital ad spend. The Company provides online marketing services, which it purchases from third parties. The Company offers a solution which enables marketers to automate data-driven, repetitive tasks and improves their ability to make predictions at scale. The Company also offers professional services, such as development services. Its product includes the Campaign Performance Platform, which is a cloud-hosted end-to-end Ad Management solution. The platform empowers brands to target, predict, create, scale, and measure hyper-personalized campaigns. The Company's software platform harnesses the power of machine learning and artificial intelligence (AI) to eliminate guesswork, predict what works, and prove advertising's impact on financial results.