UpSNAP Inc. Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
April 29, 2020 at 11:52 pm EDT
UpSNAP Inc. reported audited earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company reported recognized revenue from IDM for the three months ended December 31, 2019 was $143,000 compared to $171,000. Total operating revenue was $360,000 for three months ended December 31, 2019 compared to $580,000 for the three months ended December 31, 2018
For the year, the company reported recognized revenue from Intentional Direct Mail ("IDM") for the twelve months ended December 31, 2019 was $825,000 compared to $534,000 for the same period in 2018, an increase of 55%. Total operating revenue for the twelve months ended December 31, 2019 was $1.7 million compared to $2.7 million for the same period in 2018.