Atemi, a performance marketing specialist, reported a rise in its revenue as well as new depositing customers (NDCs) in the first quarter.
This has come at a time when the business is seriously focusing on encouraging further growth in the second quarter despite the current financial crisis brought about by COVID-19.
The firm’s revenues for the last three months ending the 31st of March totaled $11.7 million, which the firms said represented a 54 percent increase over the same period in 2019.
The company also saw a 74 percent rise in its NDCs during the same quarter. The company’s management stated that while the Coronavirus impacted its operations, it has ceased to rely on sports betting traffic, which allowed them to grow.
As a result, the company noted that it is looking forward to more growth in the second quarter, with the founder adding that the growth should be able to continue into the second quarter, especially now that sports activities are resuming regular schedule.
This past March, the company stated that all its staff members are guaranteed their jobs and pay despite the economic havoc that the COVID-19 has caused. The company also made plans to offer support to employees whose spouses were laid off.
Forecasting performance into the 4th and 5th quarters, the company’s management noted that other than incremental growth in the sports betting space, and assuming that sports activities resume regular schedules, non-gaming portfolios would help the business diversify its sources of revenue.