VANCOUVER, BC, Nov. 25, 2020 /CNW/ – Datable Technology Corp. (TSXV:DAC) (OTCQB:TTMZF) (the “Company” or “Datable” or “DTC”), a software company that provides a marketing automation platform called PLATFORM3 to global consumer brands, is pleased to announce its financial results for the quarter ended September 30, 2020 (“Q3 2020”).
For the nine months ended September 30, 2020, the Company achieved the following milestones:
- Signed 27 new license agreements, compared to 22 agreements in the same period in 2019. Datable ended September 2020 with approximately $3.8 million of contracted revenues for PLATFORM³, which will be recognized as revenues in 2020 and subsequent periods.
- Contracted revenues include the largest agreement in Datable’s history under which a leading provider of household products has contracted for approximately $1,000,000 in license fees and rewards to be delivered in late 2020 and early 2021 (see press release dated November 16, 2020).