- 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.
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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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