This year will be one of the lightest years for uplisting stocks in the last 10 years since the OTCQB came into existence. I first came to understand the OTC Market’s business model in 2012. For some time after it looked like this financial product space offered great promise. However, it wasn’t too long before cottage industries and support services that companies would need to rely on for uplisting became more difficult to provide. In particular, quality financing, investor awareness and advisory groups were rare. For a number of reasons, the space began to bifurcate into a group containing a few meaningful operators and another that contained a great deal of predatory practices masked as institutional business.
As the last weekly update of 2019, and to set the 2020 tone for Jerrick Media (OTCQB: JMDA) and its flagship product Vocal, I want to mention how thankful I am to my team and network for the successes we have shared this past year. I have consolidated and carefully curated my networking email list for the upcoming year. It consists of so many talented individuals I have met throughout my career. Some of you I have been updating since the launch of the Vocal platform in December 2016, others since before the inception of our public company in February of that year.
The company’s current revenue expectation of approximately $305,000-$315,000 for the fourth quarter 2019 is in line with previous public guidance. This is as compared to the $91,386 in revenues reported for the third quarter, over a 300% increase. $91,386 represented nearly a 100% increase over a combined $41,515 for the first 2 quarters of fiscal year 2019.
The success of the Vocal platform thus far is predicated on the notion that content as a commodity in the digital space has continually appreciating value. Or, more precisely, content has potentially ever-appreciating value when it exists on a platform that is powered by strong technology and armed with a strategic distribution methodology that not only disseminates and monetizes the content, but optimizes its platform for scale. That is exactly what we built in Vocal, a proprietary platform whose technology is self-evident and driven by data.