Revenue and Key Performance Indicators Show Strong Growth
Phorm (AIM: PHRM), a leading internet personalization technology company, announces today that it is seeing strong sustained growth in revenue and other key performance indicators.
· 3.6 million monthly opted-in users
· 1.2 million active on daily basis, 100% increase from June
· Advertising network and publisher partners provide over 1.2 billion requests per month
· Over 66 million advertising impressions served in August
· Advertising products demonstrating excellent performance
· Increasing evidence of market-leading conversion rates
Significant progress has been made in Turkey where commercial results are demonstrating the potential of the platform. The Directors anticipate increasing revenue from Turkish operations.
Progress has also been made in China following the signature of commercial agreements with three major Chinese ISP partners in 2012. The Company has completed the deployment for its first ISP in China and is in the final stages of preparing for operational launch. The size of the potential user base made available through existing Chinese ISP partners and related prospective revenues give the Directors confidence in the ability of Chinese operations to generate revenue within 2013.