3tl Technologies Announces 2017 Q2 Results

3tl Technologies (TSXV:TTM) has announced its financial results for the quarter and six months ended June 30, 2017.
As quoted in the press release:

The Company’s overall performance for the six months ended June 30, 2017:

• Revenue for the quarter increased by 84% to $356,520, and revenue for the six month period increased by 63% to $559,256, compared with the same periods in 2016.
• Increased the average value of license agreements including, the multi-year agreement with NBC Universal owned Fandango Rewards.
• Launched two new artificial intelligence modules to PLATFORM³ based on market experience and feedback, Targeted Couponing and Shopper Messaging and Retargeting.

In 2017 year-to-date, 3tl has 27 agreements that will generate approximately $1,200,000 in total revenues with approximately 81% of those revenues to be recognized in 2017, compared with revenues of $665,728 for the year ended December 31, 2016:

• 75% of the Company’s 2016 customers, mostly leading U.S. based brands, have renewed or signed new agreements in 2017;
• 2017 agreements show a trend to longer-term and larger agreements; and,
• 3tl has a number of annual agreements where PLATFORM³ hosts an ongoing digital loyalty and rewards programs. 3tl is generally paid an annual license fee plus transactions fees based on the number of times consumers validate purchases using PLATFORM³.

Click here to read the full press release.