Blue Calypso, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2016
November 10, 2016 at 04:01 pm EST
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Blue Calypso, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2016. Revenue in the third quarter of 2016 decreased approximately 49% to $0.3 million versus $0.5 million in the third quarter of 2015. The decrease in revenue is from its project based revenue which is subject to timing of development projects and as a result of licensing fees associated with related settlements. Net loss in the third quarter of 2016 totaled $1.1 million or $0.15 per basic and diluted share, compared to a net loss of $0.8 million or $0.16 per basic and diluted share in the same year-ago quarter. Loss from operations was $1,108,848 against $600,563 a year ago. The increase in net loss is primarily attributed to the result of share-based compensation, really the timing of that compensation.
For the nine-month period, the company reported revenues were $1,024,585 against $733,605 a year ago. Loss from operations was $2,565,022 against $1,903,781 a year ago. Net loss was $2,580,066 or $0.39 basic and diluted against $2,097,633 or $0.42 basic and diluted 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. 
