Data Call Technologies, Inc. Releases New Content, Video Wrap; Announces Earnings Results for the Third Quarter and Revenue Results for the Nine Months Ended September 30, 2014
November 10, 2014 at 10:15 am EST
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Data Call Technologies, Inc. announced that through its relationship with the Associated Press (AP), officially released its new content, the Video Wrap, effective November 10, 2014. The Video Wrap is offered in addition to the company's current dynamic content modules. The Video Wrap product effectively distributes fresh news and informational video content that is updated for the company's subscribers throughout the day. New Video Wrap product is optimized for use in public spaces such as waiting areas where audio delivery is functional at the presentation area.
The company announced earnings results for the third quarter and revenue results for the nine months ended September 30, 2014. For the quarter, the company announced that its revenues were $166,076, compared to $152,852 for the three-month period of the prior year, representing an increase of $13,224 or approximately 8.7%. The increase in Revenue was mainly due to client renewals as well as new business clients. Net loss for the three months ended September 30, 2014 was $84,141, compared to $79,798 for the same three month period of the prior year. The increase in the company's net loss is mainly due to the non-cash expense of $123,081 in connection with stock option grants and shares issued for services during the three months ended September 30, 2014.
For the nine months, the company announced that revenues were $497,564, compared to $467,340 for the nine-month period ended September 30, 2013, representing an increase of $30,224. The increase in Revenue was mainly due to the standard renewals and revenues from new business customers.
Data Call Technologies, Inc. is a provider of licensed content for the Digital Out of Home marketplace. The Company provides real-time information/content via digital signage and kiosk networks to its clients. The Companyâs services put its clients in control of real-time news, sports, weather and other content, displayed within one or multiple locations, spanning from local, regional to global end points. Its Direct Lynk Manager is incorporated in the Direct Lynk Media platform which provides enhancements and options that enable the client to self-serve in a webstore environment. Its Direct Lynk System offers several types of data and information, in multiple formats, which includes headline news, business news, financial highlights, entertainment news and health/science news. The Company also enables its clients to create their own digital signage content feeds, which are delivered online directly to their chosen, electronic digital display devices at their various facilities.
Data Call Technologies, Inc. Releases New Content, Video Wrap; Announces Earnings Results for the Third Quarter and Revenue Results for the Nine Months Ended September 30, 2014