UpSnap Announces Q2 2020 Financial Results
TORONTO, Aug. 26, 2020 /CNW/ - UpSnap Inc. (CSE: UP) ("UpSnap" or the "Company"), a leading provider of mobile and intent based advertising solutions, today announced its second quarter (Q2) financial results for the three and six month periods ended June 30, 2020.
"We are pleased to have achieved positive operating cash flow in the first half of 2020 as we continue to focus on managing expenses," said Bruce Howard, Chief Executive Officer of UpSnap. "Despite the impact on advertising revenue from the COVID-19 pandemic, we were able to cover the shortfall by increasing revenue from our software licensing contractors."
Q2 Financial Highlights
Caution Regarding Forward Looking Information
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Forward-looking statements involve substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those express or implied by such forward looking statements. These statements should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved.
The forward-looking statements contained in this press release are made as of the date hereof and based on what management of the company believes are reasonable assumptions. The Company disclaims any intention or obligation to update or publicly revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws. Furthermore, the Company does not assume responsibility for the accuracy and completeness of the forward looking statements set out in this news release. The Company's forward looking statements are expressly qualified in their entirety by the foregoing cautionary statements.
The CSE has not reviewed, approved or disapproved the content of this press release.
SOURCE UpSnap Inc.
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