Blue Calypso, Inc. Reports Unaudited Consolidated Earnings Results for Its First Quarter Ended March 31, 2016
May 16, 2016 at 05:01 pm EDT
Share
Blue Calypso, Inc. reported unaudited consolidated earnings results for its first quarter ended March 31, 2016. Revenue in the first quarter of 2016 increased 128% to $263,338 versus $115,725 in the first quarter of 2015. The increase in revenue is derived primarily from project-based revenue and is subject to timing of development projects. Net loss in the first quarter of 2016 totaled $884,228 or $0.16 per basic and diluted share, compared to a net loss of $608,845 or $0.12 per basic and diluted share in the same year-ago quarter. The increase in net loss resulted primarily from an increase in operating costs of $411,000 and interest costs of $113,000, net with a gain on change in derivative liabilities of $101,000 and increased revenue of $148,000. Loss from operations was $871,423 against $608,129 a year ago.
Blue Calypso, Inc. is a United States-based company. The Company develops and delivers mobile shopper marketing and analytics solutions for the business-to-consumer (B2C) marketplace leveraging mobile, social media, gamification and intellectual property portfolio. The Company offers, KIOSENTRIX, provides manufacturers and brick-and-mortar retailers with a personalized way of engaging with store visitors when they are on the path-to-purchase. Its platform allows the collection of business intelligence and analytics resulting from data accumulated as content is deployed, adopted, consumed and shared. Its technology allows the brand/advertiser to monitor the full cycle of a campaign, from the first engagement to the final redemption or intent to purchase. In addition, the Company offers outsourced consulting and customized software development services through Blue Calypso Labs services.
BLUE CALYPSO, INC. 
