LOS ANGELES, CA–(Marketwired – August 13, 2015) – Social Reality, Inc. (OTCQB: SCRI), an Internet advertising and platform technology company that provides tools to automate the digital advertising market, today announced second quarter 2015 financial results. Revenue for the quarter ended June 30, 2015 was $10,761,573, an increase of 3,786% over the second quarter of 2014, and a 168% increase over the first quarter of 2015.
“We are excited by the rapid growth that we are experiencing. This growth validates the synergies of the investments we made at the end of 2014. We are also very proud of the team for achieving net income profitability in the second quarter, as this has been a long-term goal for the company and adds us to a short list of profitable advertising technology companies,” said Christopher Miglino, Social Reality’s CEO and Chairman.
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Marty Sumichrast has seen his share of economic booms and busts in real estate throughout his career. He’s participated in one of the largest US-led housing developments in the early days of the Czech Republic and his family heritage has been prominent in the US housing real estate development community for most of his life.
Marty believes that the US housing market will continue to see pressure in mortgage delinquencies until US employment strengthens and the banks relax underwriting guidelines. “I’m not suggesting banks go back to the “stated income” days for mortgage applications, but the pendulum has swung way too far and there needs to be some moderation” adds Martin.
Full commentary can be found on The Sumichrast Report.
Dear Readers: Here are my top 7 predictions for 2012: 1) Housing has bottomed and will stage a mild recovery, setting the stage for a gradual improvement for 2013-2015. Expect housing starts to tick above the 800,000 mark by year-end. … Continue reading