Not sure if everyone read this from the announcement the other day.
Seems July itself already has been a cracker month!
This in itself allays any worries that they need to raise any money imo. With estimated revenues of $6m for the quarter it seems that they are on track during July!
July 2018 Update
As in previous years Q3 and Q4 are together expected to contribute
approximately 75% of the Company’s annual revenues. EN1 is already seeing
that July 2018 programmatic revenue through 7/18/2018 has already seen over
70% of July 2017’s revenue. With the current run rate, July 2018 programmatic is
on track to potentially reach 124% of July 2017’s programmatic revenue.
With the continued growth of video advertising spending, the Company has seen
significant increases in July 2018 video advertising revenue when compared with
the similar period in 2017. Video advertising revenue as of 7/18/2018 is reported
to be approximately 194% of July 2017. At this rate, July 2018 is expected to be
approximately 5 times that achieved in July 2017.
EN1 Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held