#Tech Stock News: #Software
Solutions Companies Continue to See Growth in 2019 and Beyond (OTCQB: $ADGO)
(NASDAQ: $APPS) (TSXV: $OSS.V) (OTCQB: $OSSIF) (NASDAQ: $AEYE)
Point Roberts WA,
Delta BC – June 3, 2019 - Investorideas.com, a leading investor
news resource covering software solutions and technology stocks releases a
sector snapshot focusing on the recent rise in business solutions software and
what is driving this current trend.
Read this in full at https://www.investorideas.com/news/2019/technology/06031Stocks-Software.asp
According to a new market research report ‘Fixed Asset Management Software Market’ published by
MarketsandMarkets, “The global Fixed Asset Management Software Market size is
expected to grow from USD 3 billion in 2019 to USD 5.2 billion by 2024, at a
Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period.”
“Preventive
maintenance and IoT technology to boost adoption of fixed asset management
software, and growing need to reduce operational cost and proliferate profits
through efficient management of assets are the major factors driving the growth
of the Fixed Asset Management Software Market,” the report continued.
Advantego Corporation (OTCQB: ADGO), a business
solutions provider that develops stand-alone digital delivery systems,
electronic and enterprise software products to capitalize on niche
opportunities within a specific market, recently announced the acquisition of
the North American distribution rights for wireless audio and innovative
electro-acoustic products from Aska Electronics Co., Ltd. of China.
"This acquisition has been in the works for
several months and culminates the hard work management has put forth that
should have a significant impact on revenues moving forward,” according to
Advantego CEO, Robert W. (Rob) Ferguson.
“Combining Aska’s continuing annual sales increases with our ability to
now expand the footprint presents an exciting time ahead for both of our
firms,” he said.
Aska is a leading manufacturer of wireless audio
and innovative electro-acoustic products that include proprietary noise
cancellation technology and Bluetooth capability for headphones, earphones,
waterproof sport earbuds, speakers and IoT devices. The firm provides its products and services
as an OEM (Original Equipment Manufacturer), an ODM (Original Design
Manufacturer) and a JDM (Joint Design Manufacturer) for customers worldwide.
Advantego will provide additional North American
product branding, sales and distribution services for Aksa's existing and new
product introductions. Aska will
continue to service their existing customers and will provide research and
development, product design and manufacturing services, along with private
labeled products to Advantego and its customers.
As previously announced, in exchange for the
distribution rights Aska will receive 700,000 shares of Advantego's preferred
shares at $2 per share. The preferred
shares are convertible into shares of Advantego's common stock, under certain
pricing and timing conditions.
Ferguson also pointed out: “The ability to add new
cutting-edge technology within the broad range of ASKA’s already unique
capabilities presents both a great opportunity and challenge for Advantego. To
address both, we have expanded several relationships recently in anticipation
of this to maximize the opportunities we now see in front of us and are looking
forward to seeing the results of our new joint efforts beginning in the third
quarter and throughout the rest of the year.”
Digital Turbine, Inc.
(NASDAQ: APPS), the #1 mobile platform
connecting operators and OEMs with mobile advertisers, announced in early May that it is partnering
with leading attribution and analytics companies to accelerate the expansion of SingleTap capabilities by leveraging the scale of existing
integrations with application providers. Partners including AppsFlyer, Branch,
Kochava, and Singular represent approximately 85% of the top global
applications market.
Digital
Turbine's SingleTap solution streamlines the app install process by enabling
app delivery from any mobile ad in just one tap. SingleTap is currently enabled
on more than 150M Android devices globally including nearly 50% of all Android
smartphones in the US. SingleTap to date is delivering up to 200% lift in
click-to-install conversion rates for advertisers and application providers.
"As the
largest and most robust mobile measurement platform on the globe we are excited
to integrate the AppsFlyer platform with Digital Turbine's SingleTap Installs
solution," said Ben Roodman, Director of Partnerships at AppsFlyer.
"We have already seen early success with a number of our application
partners and are excited to expand SingleTap across many more apps."
"Improving
the customer experience and more accurate attribution have always been the key
values of Branch's platform," said Eric Stein, EVP and GM of Partnerships
at Branch. "Our app partners can now receive even more value through
frictionless app installs powered by Digital Turbine's SingleTap solution,
driving their users from an ad directly to the right page of their app without
going through the standard download process. Simply put, the power of SingleTap
combined with the power of Branch is driving the world's best app
experiences."
"We are
extremely excited to work with AppsFlyer, Branch, Kochava, and Singular to
deliver a better and simplified end-user experience. SingleTap delivers
improved conversions for advertisers and creates new revenue streams for our
Operator and OEM partners," said Bill Stone, CEO of Digital Turbine.
"Our vision to expand SingleTap capabilities for any application a
consumer wants to download, on any Android device, anywhere on the planet, is
being accelerated through these strategic partnerships."
OneSoft Solutions Inc. (TSX-V: OSS) (OTCQB: OSSIF), a North American developer of
cloud-based business solutions, recently announced its financial results for the
first quarter of fiscal 2019 that ended March 31, 2019.
Some of the financial highlights
included a revenue of
$592,302 for the quarter ended March 31, 2019 more than doubled the $283,202
reported for the comparative period, the gross margin remained strong at 86%
due to high margin software revenue and compared to 88% in the comparative
period, as well as subsequent to the quarter, collection of a large account
receivable and completion of the $9.2 million bought deal financing in April
2019 increased cash to approximately $12.7 million.
Management is
optimistic that the Company is well positioned to successfully cross the
“market adoption chasm” that disruptive new technologies typically experience
in their quest to garner market share (refer to Company’s FYE February 28, 2018 MD&A, page 10 for further explanation).
“We believe
that OneSoft’s “first mover” advantage in having developed and commercialized
the first O&G pipeline integrity management solutions based on cloud
computing, machine learning and data science is highly beneficial. Management
will now accelerate the development of additional new technology and solutions
that are accretive to CIM and will appeal to CIM clients and prospective
customers. We believe our strategy to accelerate technology advancement, now
feasible because of the capital raise completed in April 2019, will ultimately
contribute to increased value for shareholders,” according the companies
release.
AudioEye, Inc. (NASDAQ: AEYE), a leading provider of digital
accessibility solutions that provide barrier-free website access for
individuals with disabilities, also recently reported financial
results for the first quarter ended March 31, 2019.
Some of the
first quarter operational highlights included augmenting the existing
management team through the appointment of 20-year Corporate Finance Executive
and proven Business Leader, Sach Barot as new Chief Financial Officer, engaging
former New York Governor David Paterson as key political advocate and business
consultant for the AudioEye solution with the goal of addressing the
significant increase in litigation related to digital accessibility,
specifically in New York State and continued growth of direct sales channel
client roster in the first quarter with prominent new customers from the
technology, fashion, retail, hospitality and healthcare space among others.
Total revenues
increased 73% to a record $1.99 million from $1.15 million in the same period a
year-ago. The increase in revenues was primarily due to continued execution in
direct channel as well as steady growth in the indirect channel and gross
profit increased 93% to $1.08 million (54.5% of total revenues) from $562,000
(48.9% of total revenues) in the same year-ago period. The increase in gross
profit and gross margin was primarily due to the increase in revenues
previously described.
AudioEye
Executive Chairman, Carr Bettis said, “The first quarter was a strong start to the year
that has us in good position to continue ramping our growth efforts throughout
the balance of 2019. Total revenues increased 73% to a record $1.99 million,
which marks the thirteenth consecutive quarter that we’ve achieved record
topline results. Looking ahead, we’re seeing even greater signs of growth and
expansion. The past two months, April and March, have been the best months in
the history of our company in terms of cash contract bookings. Thanks to our
enhanced public relations and marketing efforts, we’ve been able to increase
our pipeline substantially and will look to continue to accelerate this program
going forward. We are continuing to strategically funnel financial resources
and add key personnel into areas that will allow us to build on our market
leading position and further establish AudioEye as the de-facto leader in
digital.”
Increased
revenue and continued growth supports the idea that this is a still a segment
to watch in the tech sector as demand continues to reduce operational costs and proliferate profits
through efficient management of assets.
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