Urbanimmersive Announces Record Revenue for Second Straight Quarter

Urbanimmersive Inc (TSXV:UI), the real estate content marketing platform reported unaudited record revenues of $420,930 for the quarter ending March 31, 2018.

The company said that this represents a 265 percent increase over the same period a year earlier.

As quoted in the press release:

Financial Highlights

• Revenue increase of $305,692 or 265.27% and $595,982 or 257.33% for the three-month and six-month periods ended March 31, 2018 respectively compared to the same periods in 2017;
• Gross profit of $64,986 and $76,088 for the three-month and six-month periods ended March 31 2018 respectively, compared to a gross loss of $32,681 and $94,860 for the same periods in 2017 resulting in a gross margin of 13% for the first half of 2018.

Operational Highlights

• Signature of a Binding Letter of Intent to acquire Tourbuzz, LLC, the leading real estate photographer software solution provider in North America;
• Signature of a leading visual content affiliate partner outside Quebec;
• Conversion of the Corporation’s 3D render farm servers for crypto-mining and development debut of the integration of blockchain technology into platform features;
• Launch of Urbanimmersive’s one-click advertising solution.

Achievements

“During the second quarter of 2018, our real estate content marketing platform has continued to deliver substantial organic growth with the addition of new clients and affiliate partners. Growth in revenue still comes mostly from our distribution channels of affiliate partners generating low margin on sales but these give us access to real estate agents and home builders to whom we’re selling higher-margin marketing services like written blog content, immersive property blog content, property landing pages and our new one-click advertising feature launched during the same quarter. During the second quarter, sales of high margin marketing services were still marginal but we saw an improvement compared to the first quarter of the same year. As the online advertising trend for content marketing is rapidly catching up with the real estate industry, and as we are constantly improving our up-selling processes through our distribution channel of affiliate partners, we believe that sales of marketing services would continue to grow quarter over quarter.

We also announced our first affiliation partner with a major Ontario visual content agency, which once fully operational would generate near 10,000 transactions per year and give Urbanimmersive access to over 3,000 new real estate agents. The implementation is still ongoing and we expect this affiliation to be fully operational during Q4 2018.“Stated Ghislain Lemire, CEO of Urbanimmersive

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