Grand Rapids-based Adtegrity.com (Pink Sheets: ADTY), a provider of Internet advertising networks and services, Thursday announced that its net income fell to $86,967 for the third quarter ended Sept. 30 from $196,717 in the same quarter a year earlier.
Net revenue was $3.18 million, down from $8.58 million a year earlier.
“This marks our seventh consecutive profitable quarter and the third straight quarter with improvement in our net income,” said Adtegrity.com president and CEO Scott Brew. “The online advertising market continues to be stable, and we expect solid performance for the remainder of the year.”
Adtegrity reported serving more than 18 billion ad impressions during the third quarter. Nearly 55 million customers were delivered to client Web sites, generating more than one million new customers for Adtegrity.com advertisers.
Adtegrity.com's primary business is the delivery of interactive advertising and marketing services. Since its founding in 1999, the company has established itself as a results-driven, customer-focused firm consistently ranking among the top 10 online advertising networks in the world. Adtegrity currently serves thousands of Web site clients and delivers billions of advertising impressions each month to tens of millions of unique users.
More at www.adtegrity.com.
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