Blue Calypso, Inc. Reports Unaudited Consolidated Earnings Results for Its First Quarter Ended March 31, 2016
May 16, 2016 at 05:01 pm
Share
Blue Calypso, Inc. reported unaudited consolidated earnings results for its first quarter ended March 31, 2016. Revenue in the first quarter of 2016 increased 128% to $263,338 versus $115,725 in the first quarter of 2015. The increase in revenue is derived primarily from project-based revenue and is subject to timing of development projects. Net loss in the first quarter of 2016 totaled $884,228 or $0.16 per basic and diluted share, compared to a net loss of $608,845 or $0.12 per basic and diluted share in the same year-ago quarter. The increase in net loss resulted primarily from an increase in operating costs of $411,000 and interest costs of $113,000, net with a gain on change in derivative liabilities of $101,000 and increased revenue of $148,000. Loss from operations was $871,423 against $608,129 a year ago.
Blue Calypso, Inc. is a United States-based company. The Company develops and delivers mobile shopper marketing and analytics solutions for the business-to-consumer (B2C) marketplace leveraging mobile, social media, gamification and intellectual property portfolio. The Company offers, KIOSENTRIX, provides manufacturers and brick-and-mortar retailers with a personalized way of engaging with store visitors when they are on the path-to-purchase. Its platform allows the collection of business intelligence and analytics resulting from data accumulated as content is deployed, adopted, consumed and shared. Its technology allows the brand/advertiser to monitor the full cycle of a campaign, from the first engagement to the final redemption or intent to purchase. In addition, the Company offers outsourced consulting and customized software development services through Blue Calypso Labs services.