Rightscorp, Inc. Announces Revenue Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Revenue Guidance for the Fiscal 2014
Revenues for the full year 2013 were $324,000, up 239% from $95,565 for the full year 2012. The growth in Revenue was driven by the company's ability to increase the amount of copyrights in its automated system by 135% from approximately 17,000 in the fourth quarter 2012 to more than 40,000 in the fourth quarter of 2013.
The company expects $750,000 annual revenue run rate to accelerate for the fiscal 2014.