QualityStocksNewsBreaks – Jerrick Media Holdings Inc. (JMDAD) Announces Q2 2020 Results, Effectuates Reverse Stock Split
Jerrick Media Holdings (OTCQB: JMDA, JMDAD), a technology company and the parent company of Vocal, today announced financial results for the quarter ending June 30, 2020, including a substantial increase in revenues year over year and a 10% increase from the previous quarter. Among other highlights, the update reported an increase in revenue to $322,540 for the three months ended June 30, 2020, primarily attributable to the launch and steady growth of Vocal+ paid subscribers and the rising price points for Vocal for Brands campaigns. “We believe that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium…