an Augmented Reality Company that enables businesses to create their own mobile phone AR campaigns with no programming or technology experience

Clients Include: Baltimore Ravens, McCormick, Shoppers Drug Mart, Grubhub Sound Bites and Many More

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Message: Question for AP - Finances et al.

Thank you for the question - see below:

 

Hey AP

4.5 million in the bank is a nice number. Based on a previous WSR, you mentioned cash on hand would be sufficient for the remainder of 2020 and likely beyond. 

In our press release on July 30th, we stated "The proceeds from this latest round of warrant exercises is expected to provide ImagineAR with the financial resources necessary to fund growth and operations for a minimum of 30 months, assuming the Company wasn’t able to generate any further revenue from business operations."

With the funding increasing since that interview, does your timeline change? If so, to when?

See answer to above.

Does 2021 hold a private placement or a reverse split for IP?

We are currently focused on closing recurring revenue deals at this time and have raised substantial capital to fund our operations thru 2021.

 

When do you expect profits to fund growth? 

We do not provide any financial projections at this time as a start-up company commercializing our products.  Obviously we are hoping to signficantly increase deal revenue for the second half of 2020.

 

Thank you for your question and your support.

AP

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