Jerrick Media Holdings, Inc. Reports Fiscal Year 2018 Third Quarter Results

Published on November 18, 2018

NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the "Company" or "Jerrick"), a technology company and the creators of Vocal, today reported financial results for the third quarter and nine months ending September 30, 2018.

Financial and Operational Highlights:

  • Revenues for third quarter 2018 were $25,119.
  • Operating expenses in the third quarter decreased to an average of $302,569 monthly, as compared to a monthly average of $529,909 in the second quarter and $446,609 in the first quarter of 2018.
  • The Vocal platform reached over 359,000 registered accounts.
  • In October 2018, Vocal was approved as a Flipboard publisher, allowing creators' stories to reach Flipboard's 100 million monthly active users. This allows for easier discoverability and potential further monetization for Vocal's creators.
  • In November 2018, the Company announced a partnership with WatchMojo, a content producer, publisher, and syndicator with over 12 billion all-time video views and more than 19 million subscribers on YouTube, as detailed in a recent press release.

"With this filing completed, a revitalized balance sheet and operational efficiencies at maximum, our team can focus on scaling revenues while completing our most important technology milestone since the implementation of the Vocal platform two years ago," said Jerrick CEO Jeremy Frommer.

More details related to these financial results can be found on on the Company's Form 10-Q filed on November 19, 2018.

Forward Looking Statements

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

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