Developer and publisher of mobile games, Tapinator (OTCQB: TAPM), this morning reported financial results and the filing of its quarterly report for the period ended September 30, 2017. Among other highlights, the company boasts a quarterly revenue of $850k, an increase of 37% over the previous quarter. The company launched 29 mobile games during Q3, and ended the quarter with 333 active games. Additionally, the company’s Full-Featured Games demonstrated a revenue growth of 148% for the third quarter. “Our goal in terms of our Full-Featured Games is to create franchise-type titles that have product lifespans of five to ten years. In 2018, we anticipate that (1) several titles from our existing Full-Featured portfolio will grow significantly as we optimize these titles for content and monetization; and (2) we will achieve scale with several new game launches that are currently in development,” Tapinator CEO Ilya Nikolayev stated in the news release. The quarterly report and unaudited financial statements may be found at www.otcmarkets.com/stock/TAPM/filings.
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Tapinator develops and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator’s portfolio includes over 300 mobile gaming titles that, collectively, have achieved over 400 million player downloads, including games such as ROCKY™, Video Poker Classic, Solitaire Dash, and Dice Mage. Tapinator generates revenues through the sale of branded advertisements and via consumer app store transactions. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in the United States, Germany, Pakistan, Indonesia, Russia and Canada. For more information, visit the company’s website at www.Tapinator.com.
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