Adaptive Medias, Inc. Announces Consolidated Revenue Results for the Fourth Quarter and Financial Results Full Year Ended December 31, 2015
Revenues for the fiscal year ended December 31, 2015 were $4,654,489, a decrease of $420,737 from revenues of $5,075,226 in fiscal 2014. As mentioned earlier, the decrease was primarily due to the phase out of Flash, resulting in an unexpected shock to the ad tech industry. Loss from operations was $15,664,570 against $18,807,003 a year ago. Net loss was $15,586,739 or $0.88 basic and dilutive loss per common share against $18,849,726 or $2.04 basic and dilutive loss per common share a year ago.