Upsnap, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020
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UpSnap, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was CAD 411,000 compared to CAD 430,000 a year ago. Operating loss was CAD 57,000 compared to CAD 204,000 a year ago. Net loss was CAD 94,000 compared to CAD 240,000 a year ago. For the nine months, sales was CAD 1.272 million compared to CAD 1.356 million a year ago. Operating loss was CAD 204,000 compared to CAD 389,000 a year ago. Net loss was CAD 248,000 compared to CAD 497,000 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.
UPSNAP, INC. 