Tag: ARHT MEDIA INC.

ARHT Media Announces Record Q3 2022 Results: Achieves Over 90% Quarterly Revenue Growth

TORONTO, Nov. 08, 2022 — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV: ART), the global leader in the development, production and distribution of high-quality, low latency hologram and 3D interactive content, today announced its financial results for the third quarter ended September 30, 2022.

  • Record Q3 2022 revenues of $2.02M vs $1.05M in Q3 2021, an increase of 92%, with significant momentum continuing into Q4 2022.
  • Record revenue of $5.4M for the nine-months ended September 30, 2022, an increase of 58% compared to the same period of 2021.
  • The Company has signed agreements valued at $1.3M since introducing its new CAPSULE Display in late May 2022. The sale of CAPSULE displays includes ongoing service agreements associated with each unit generating high-margin recurring revenue.
  • Very high level of repeat business from Fortune 500 companies with 73% of Q3 event revenue generated by repeat clients.
  • 11 new clients were added during Q3 from different global geographies, most of whom are Fortune 500 companies, leading universities, or new strategic partners.
  • Hired Palash Ghosh as the Company’s CTO to lead ARHT Media’s technology growth plans and the continued development of its product roadmap.
  • Warrants exercised during the quarter generated an additional $1.3M in cash from current shareholders, including ARHT Media’s CEO, CFO and most of the Company’s Board Members.
  • Continued roll out of the World’s First Holographic Network through the WeWork partnership with 18 locations currently deployed. On track to deliver 25 of the first 30 locations by December 31, 2022.
  • Increased activations continue to lead to new and expanded revenue from NATO and other Defense Agreements.
  • Q3 2022 Net loss of $1.59M vs a Net loss of $1.24M in Q3 2021, increase attributed to additional staff and increased sales and marketing spend to support Company growth initiatives.

“I am very pleased that we continue to experience significant growth in 2022 and that this trend is expected to accelerate into 2023 and beyond,” stated ARHT CEO Larry O’Reilly. “During this quarter, we continued to prove the benefit of our technology to our corporate, government, healthcare, and education clients. We added 11 new significant global accounts while demonstrating the repeatability of our revenues with 73% event sales coming from existing clients. Our new CAPSULE Display, launched in late May, has been extremely well received for both purchase and rental, with 13 clients in all regions of the world purchasing units in Q3. We fully expect CAPSULE to make a significant impact on our plan to get to profitability in 2023 and reach $50M in annual sales in the coming years. With virtually no debt and a strong cash position, we remain very excited about our future.”

Investor Presentation

The Company will host a webcast investor presentation on Wednesday, November 9th, 2022 at 2:00 PM ET. During the webcast, Larry O’Reilly, Chief Executive Officer and Hanna Ayyad, Chief Financial Officer, will conduct a presentation that will cover key areas of ARHT Media’s business. After the formal presentation, investors will have an opportunity to ask relevant questions through an interactive Q&A portal. The Webcast will be available at the following link:

Link: https://event.webcasts.com/starthere.jsp?ei=1573287&tp_key=c6c1f93a6e

About ARHT Media

ARHT is a pioneer in the live hologram industry and their HoloPresenceTM technology offers a complete end-to-end solution for the Capture, Transmission and Display of live holograms for in-person, hybrid, and online events. They have a range of hologram display solutions to suit multiple use cases, including a premium online presentation solution, the Virtual Global StageTM, and the largest global Holographic Telepresence network of hologram Capture and Display locations, ensuring a presenter can beam into a meeting or event as a live hologram from virtually anywhere in the world.

Connect with ARHT Media:
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
Linked: http://www.linkedin.com/company/arht-media-inc-

For more information, please visit www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.

ARHT Media trades under the symbol “ART” on the TSX Venture Exchange.

ARHT
Salman Amin
ARHT Media
samin@arhtmedia.com

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

ARHT Media Re-Files its Q2-2022 Financial Statements to correct comparative periods in the Statement of Changes in Equity

ARHT Media Re-Files its Q2-2022 Financial Statements to correct comparative periods in the Statement of Changes in Equity

TORONTO, Aug. 12, 2022 — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV:ART), (OTCQB:ARHTF) announces that it has restated and refiled its interim financial statements (“Q2 2022 Interim Financial Statements”) for the three and six month period ended June 30, 2022, in order to correct the comparative periods in its Statement of Changes in Equity. The Statement of Changes in Equity has been amended to include the corresponding interim period in the immediately preceding year, June 30, 2021, rather than the twelve months ended December 31, 2021.

The changes had no impact on the Company’s net income, earnings per share, net change in cash during the period, cash position, or statements of income.

This press release is being made at the request of the Ontario Securities Commission pursuant to a review by the OSC staff. The refiled documents are available on SEDAR at www.sedar.com.

About ARHT Media

ARHT Media’s patented HoloPresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible. We can also playback pre-recorded content and 3D animations on our HoloPresence displays to deliver rich holographic experiences. Add to this our capability to stream the same content online on our premium Virtual Global StageTM.

Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
Linked: http://www.linkedin.com/company/arht-media-inc-

For more information, please visit www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.

ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.

Press Contact
Salman Amin
ARHT Media
samin@arhtmedia.com

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

ARHT Media Announces Fiscal Q1 2022 Results

ARHT Media Announces Fiscal Q1 2022 Results

Revenue increases 20%, WeWork rollout expands from 16 to 30 locations, New Display Technology to be launched in Q2 2022 following very positive market testing

TORONTO, May 18, 2022 — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV: ART), the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced its financial results for the first quarter ended Mar 31, 2022.

Q1 2022 Financial Update

  • Q1 2022 revenues of $1.4M vs $1.2M in Q1 2021, an increase of 20%
  • Q1 2022 Net loss of $1.3M vs $0.8M in Q1 2021, an increase of 77% primarily due to increased headcount as Company invests for growth
  • Cash as of Mar 31, 2022 of $10.3M compared to $3.1M as of December 31, 2021, an increase of 232%

Q1 2022 Business Highlights:

  • The Company completed a $10M equity financing in February 2022 to support a significant investment in sales, marketing and new product technology.
  • The Company amended its partnership agreement with WeWork. The new agreement includes expanding the number of locations in the first phase from 16 to 30 as well as improving the economics for ARHT.
  • The Company welcomed two experienced technology company executives to the Board of Directors, Jonathan Pollack (AcuityAds, Kaboose) and Deborah Beatty (PointClick Care, Apple)
  • 82% of total revenues in Q1 2022 were repeat customers.
  • Strategic Partners added in Italy, South Africa and Australia

Q2 2022 Subsequent Events

  • With the success of 3 recent events that displayed ARHT’s new display hologram technology, the Company plans to launch its new display product in Q2 2022 for the retail & corporate verticals
  • The Company added sales team executives in Seattle, Boston, Berlin and Sydney as well as other important roles as it manages for growth while experiencing no turnover of existing employees
  • Market testing of new display has been extremely well received
  • “With pandemic restrictions loosening, in-person events and product demonstrations are increasing. This shift, coupled with our recently completed financing has provided ARHT with the opportunity to expand our client base. Given our extremely high levels of repeat business, this investment should result in significant revenue growth in 2022,” stated ARHT CEO, Larry O’Reilly. “The Q2 launch of our new display technology, which has now been market tested in events in Brussels (Military), Las Vegas (Movie Industry) and Toronto (Music Industry) is expected to propel unprecedented demand for our complete range of live hologram products and services.”

About ARHT Media
ARHT is a pioneer in the live hologram industry and their HoloPresenceTM technology offers a complete end-to-end solution for the Capture, Transmission and Display of live holograms for in-person, hybrid and online events. They have a range of hologram display solutions to suit multiple use cases, including a premium online presentation solution the Virtual Global StageTM, and the largest global Holographic Telepresence network of hologram Capture and Display locations, ensuring a presenter can beam into a meeting or event as a live hologram from virtually anywhere in the world.

Connect with ARHT Media
Twitter: http://www.twitter.com/ARHTmedia
Facebook: http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-

For more information, please visit www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.

ARHT Media trades under the symbol “ART” on the TSX Venture Exchange.

ARHT
Salman Amin
ARHT Media
samin@arhtmedia.com

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the intention to exercise convertible securities of the Company; disclosure related to the Company’s sales funnel; the Company’s technology; the potential uses for the Company’s technology; the future planned events using the Company’s technology; the future success of the Company; the ability of the Company to monetize the ARHT Media technology; the development of the Company’s technology; and interest from parties in ARHT’s products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Disclaimer
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.

All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC International.

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