- Vocal,
JMDA’s social publishing platform, achieves impressive Alexa ranking—in
part due to release of Vocal 2.0
- Jerrick’s
Q3 revenue figure of $91,386 represented nearly a 100% increase over a
combined $41,515 for the first two quarters of fiscal year 2019
- Q4
revenue is expected to be approximately $305,000-$315,000
In his weekly update, Jerrick Media Holdings Inc. (OTC: JMDA) CEO Jeremy
Frommer discussed the company’s growth strategy, recent achievements, and
upcoming rebranding. He announced the company’s intended focus on expanding its
technology and “cultural ecosystem,” which he anticipates “should result in
exponential value for shareholders.” To mark this next chapter in its
evolution, the company will undergo a rebranding, transitioning from Jerrick to
Creatd in the near future (http://ibn.fm/WtUvg).
Frommer began his report with a review of the company’s
financial successes. The company’s current revenue expectation of approximately
$305,000-$315,000 for the fourth quarter 2019 is in line with previous public
guidance. This is as compared to the $91,386 in revenues reported for the third
quarter, over a 300% increase. The revenue figure of $91,386 represented nearly
a 100% increase over a combined $41,515 for the first two quarters of fiscal
year 2019 (http://ibn.fm/hnKJU).
Significantly, this past week was the seventh in a row that Jerrick’s stock
maintained above the $4.00 threshold (http://ibn.fm/qVTpH).
After providing these financial details, Frommer described
what he saw as one of a CEO’s essential duties: “communicating and putting
together the public pieces of the corporate narrative.” He conveyed his passion
for educating shareholders on the company’s strategy to achieve ultimate transparency.
“I have found time and time again that explaining the business strategy and
actually meeting expectations builds lasting investor confidence. I suggest
that this was a big part of how Jerrick’s largest shareholders accumulated
their positions over time,” Frommer said in the update. “Educating them and
instilling in investors a deep understanding of the company creates long term
value. Repeated confidence based on previous execution and behavior by a CEO
can create a self-propelling cycle for a company’s valuation and financing
flexibility for future growth or acquisitions.”
Frommer also outlined the company’s plans for continued
growth. Vocal – Jerrick’s proprietary, long-form, social publishing platform
that uniquely partners with creators to let their “voices” be heard – has been
gaining traction among third party marketing platforms that understand the
value of collaborating with Vocal as a key part of their distribution channels.
“There is scalable demand for a number of our brand-oriented
products and services launching over the next sixty days, including a new Vocal
product feature called Challenges, which will maximize our ability to
efficiently scale revenues while continuing to expand the platform’s brand
offerings,” Frommer added. “Challenges, expected to launch in January 2020, are
themed story contests that offer the creator a new avenue through which they
can be rewarded for their content.”
Creators can enter various Challenges, potentially winning
cash prizes, brand interactions, and more. Additionally, Frommer reported
significant sponsorship interest from well-known brands hoping to collaborate
directly with the Vocal platform. He indicated that results from the company’s
beta tests suggest a trend between the introduction of Challenges and a
significant increase in creator lifetime value (LTV).
After detailing the launch of Vocal 2.0, which included
strategic upgrades, Frommer described the significance of Jerrick’s Alexa
ranking and how it can translate into overall success for a company. “There’s a
reason we’ve monitored this metric obsessively over the years,” Frommer
explained. “The Alexa score is a foremost indicator of a website’s popularity.”
“With a newly fortified platform, an internal management
team as sophisticated as ours, and our technology being continuously validated
both in our revenue growth and our traffic metrics, we’re confident the growth
we’ve seen so far is just the beginning for Vocal,” Frommer stated.
Jerrick Media Holdings Inc., a holding company that develops
technology-based solutions, is focused on the development of digital
communities, targeted marketing of branded digital content and e-commerce
opportunities. To accomplish these objectives, Jerrick envisions, designs, and
builds modern technology companies that redefine how people interact with
technology. As the parent company of Vocal, Jerrick has built and shipped
products that have influenced millions of people worldwide.
Sign up for weekly news from Jerrick by providing your email
at https://jerrickmedia.typeform.com/to/TGIfCy
For more information, visit the company’s website at https://Jerrick.media
NOTE TO INVESTORS: The latest news and updates
relating to JMDA are available in the company’s newsroom at http://ibn.fm/JMDA
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