VidWRX Inc. (TSX-V: VID), an industry pioneer, providing scalable video production services to marketers and digital agencies in any volume in North America, has announced preliminary and un-audited numbers indicating that the fourth quarter of 2015 will be a record for the company. Quarterly sales bookings are expected to be approximately $765,000, quarterly revenues expected to be $190,000, and the company's sales backlog will also grow to approximately $2,300,000.
These landmark figures represent the following:
- 172% growth in Sales Bookings for 2015 compared to the prior year, and approximately 34% compared to the prior quarter.
- 122% in annual revenues compared to the prior year and approximately 21% compared to the prior quarter.
- 132% growth in Sales Backlog over the prior year and 22% over the prior quarter.
The company also expects to experience the highest quarter over quarter growth in sales to existing clients in its history, at approximately 133% for the fourth quarter, which follows four percent growth in the third quarter. “The strong sales growth we saw in Q3 is continuing through the fourth quarter,” said George Fleming, Founder and CEO of VidWrx. "VidWRX continues to successfully evolve its approach to sales.”
Providing high quality services and products, along with strategic partnerships, has proven to be a successful formula for VidWrx. This past September, the company announced the strategic expansion of its Video Ad Production Incentive Program for Google Inc.’s (GOOG) database of trusted marketing agencies, called Google Partners. "VidWrx's incentives for Google Partners are expected to significantly contribute to revenue moving forward," said Fleming. “Our objective is to expand our programs and aggressively grow the number of Google Partners using VidWrx to actively integrate video advertising into their client campaigns."
With 2015 coming to a close, VidWrx’s expert production teams will continue to ensure exceptional customer service and affordable, high quality videos into the new year. “Beginning with the implementation of a Revenue Performance Management system earlier this year,” said Fleming, “the development of new websites and marketing materials, and the ongoing adjustment of sales development to focus on internet marketing companies and agencies facing issues around the scalability of video production we've laid a solid foundation for continued growth in 2016."
For more information about VidWrx, visit www.vidwrx.com.
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