Upsnap, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021 at 06:04 pm EDT
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UpSnap, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CAD 1.594 million compared to CAD 1.716 million a year ago. Operating loss was CAD 364,000 compared to CAD 557,000 a year ago. Net loss was CAD 523,000 compared to CAD 702,000 a year ago.
UpSnap, Inc. is a Canada-based company, which provides mobile advertising solutions to both large brands and small businesses. The Company offers its advertising services to national brands on a campaign basis and to small businesses on a monthly subscription basis. Its advertising solutions include video advertisements, social media advertisements and digitally retargeted direct mail ads that have traditionally only been affordable to large businesses. Its intentional direct mail service allows advertisers, such as small businesses and brands to intensify their digital marketing by programmatically mailing customized direct mail postcards to potential customers that engage with the advertiserâs website or mobile advertisements. In addition to its direct mail and mobile advertising services, it provides software and services, which allow customers to perform voice and data searches in business directories. It sells these subscriptions through a reseller network.