ARHT Media Announces Second Quarter 2021 Results

ARHT Media Announces Second Quarter 2021 Results

Record revenue of $2.4M in first half of 2021, 393% increase year-over-year
Second quarter revenue growth up 2,798% year-over-year, exceeded Company expectations
Record number of repeat clients, representing 85% of Q2 revenue
World’s first global HoloPresence network begins rollout with WeWork

TORONTO, July 27, 2021 — 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 second quarter ended June 30, 2021.

Second Quarter 2021 Financial Update

  • Revenues for the second quarter of 2021 were $1.21 million, compared to $42 thousand in the second quarter of 2020;
  • Net loss for the second quarter of 2021 was $1.28 million (before loss on debenture repayment of $298k), compared to $560 thousand for the same period in 2020;
  • Cash and cash equivalents were $4.17 million as of June 30, 2021

Second Quarter 2021 Business Updates

  • The Company continued to build out its recurring revenue business with the permanent installation of three HoloPod™ solutions, the addition of four large new clients – representing potential for recurring business – and 85% of Q2 revenue derived from repeat clients
  • ARHT reached record demand in June, reigning in a total of 14 Virtual Global Stage™ presentations, 2 HoloPresence™ presentations, and 4 Hardware Sales Transactions in Q2
  • The Company progressed its previously announced strategic partnership with WeWork as the first installations are underway, and one more location was added in the initial phase of rollouts, totaling 17 expected office installations in 2021
  • ARHT leveraged its Dubai distributor, NMK Electronics, to introduce its innovative holographic technology in the Middle East, with its HoloPresence™ solution featured during the Arab Health 2021 Conference
  • The Company brought its HoloPresence™ Technology to the Jeju Peace Forum for the former President of France, Francois Hollande, adding to the growing list of heads and state government leaders that have taken advantage of ARHT’s holographic presentation technology

“We achieved record revenue growth of 393% in the first half of the year driven by our ability to generate repeat sales from existing clients and add new customers, positioning us ahead of our 2019 trajectory and back towards growth following the height of the COVID-19 pandemic in 2020. Especially encouraging was the fact that 85% of revenue came from repeat and recurring clients – which demonstrates the “stickiness’ of our offering,” commented Larry O’Reilly Chief Executive Officer of ARHT Media. “In addition, we have started installations with our WeWork partnership which will build the world’s first HoloPresence network. We are budgeting $2 million in revenue in 2022 from these first 17 locations plus this network will be of tremendous benefit to our other permanent installed locations and event activations. We expect the second half of 2021 to continue along our growth trend with increasingly more demand for recurring revenue products such as our HoloPod™, where we permanently install the technology which generate transmission and maintenance fees on an annual basis.”

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 Stage™.

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 Toronto Venture Stock Exchange.

Press Contact
Salman Amin
ARHT Media
samin@arhtmedia.com

Investor Contact
Phil Carlson
KCSA Strategic Communications
212-896-1233
ARHT@kcsa.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.

The SiLLC Assembly Continues To Grow In The 2nd Quarter 2021

July 12, 2021 Bradenton, Florida  The SiLLC Assembly continues to grow in the 2nd quarter 2021.

Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.

Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.

“Once again, we had another strong quarter” said Board Chair and Assembly Consultant Markus Schronen. “I am pleased, that The SiLLC Assembly continuous its successful path in most areas”. The expected effects of the „Corona-Crisis“ in the 2nd quarter were almost completely compensated by additional revenues and our investments in the cryptomarket sector.

“The back and forth of investment styles is likely to continue for the time being. The strong economic recovery continues, and business investments are also picking up. We expect our crypto investments to remain ultra-volatile, because just a few large purchases or market exits could significantly impact the cryptocurrency’s supply-demand equilibrium.”

The SiLLC Assembly will check to increase its crypto investments during the summer lull era, which seems 2021 more significant than in the past 5 years.


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.

Strong second quarter – low impact from Covid-19 to date

July 01, 2020 Cologne / GermanyThe SiLLC assembly team today detailed the assembly’s strong second quarter.

Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.

Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.

“We had another strong quarter” said Board Chair and Assembly Consultant Markus Schronen. “The consistent performance in providing safe and reliable service has never been more evident as our communities confront the global pandemic and the devastating disruption to our economy. We remain on track to increase investments in near future and to become free from debt before end of this year.“

The assembly‘s Retro Investment projects are successfully further developed and some are expected to be ready for launch in early 2021.


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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