Social Reality, Inc. (NASDAQ: SRAX) Releases Preliminary FY2016 Results
Internet advertising and platform technology company Social Reality, Inc. (NASDAQ: SRAX) yesterday released certain preliminary unaudited operating results for both the fourth quarter and full year of 2016. Among the highlights, the company reported unaudited gross revenue of $11.5 million for the fourth quarter, which represents a 41 percent year-over-year increase and a 20 percent rise from the third quarter of 2016. Similarly, unaudited gross profits for the three-month period totaled $4.7 million, up 86 percent from the prior quarter. Social Reality attributed this strong performance to an increase in SRAX sell-side clients, as well as the continuing growth of…