TX-based Perk.com reported total revenue increased by 156% to $13.3 million for the third quarter 2015. Gross profit was $6.3 million, or 47% of total revenue.
Net loss was approximately $0.9 million, as the result of $1.4 million in transaction costs incurred during the quarter which related to the reverse takeover transaction of Mira VI Acquisition Corp. (“Mira VI”), completed on July 10th, 2015.
During the quarter the company introduced Perk Plastik, a new prepaid debit card that runs via the Discover Network and allows users to convert Perk Points into money available to be used at any retail or online establishment; launched Perk.TV, a website created by Perk where members can earn Perk Points for watching popular videos through their Internet web browser; and completed the acquisition of AppRedeem Inc. (“AppRedeem”), an innovator in rewarded video for mobile devices in an all-stock transaction.
As of September 30 there have been over 10 million installations of Perk apps and users have redeemed more than 20 billion points totaling more than $20 million in Rewards paid.
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