Source: American Aires.
  • American Aires (WIFI) increased YOY revenue by 21 per cent in December, a record for the company
  • December gains were supported by an 83-per-cent YOY rise in overall traffic, a 127-per-cent YOY rise in new user traffic and a 36-per-cent YOY increase in average order value
  • International revenue also increased substantially, with U.K. and Australia up 82 per cent and 193 per cent, respectively
  • American Aires is a nanotechnology company that develops silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation
  • American Aires (WIFI) is unchanged trading at $0.09 per share

American Aires (WIFI) increased YOY revenue by 21 per cent in December, a record for the company.

The increase comes on the back of 19-per-cent revenue growth in November.

December gains were supported by an 83-per-cent YOY rise in overall traffic, a 127-per-cent YOY rise in new user traffic and a 36-per-cent YOY increase in average order value.

U.K. and Australian revenue increased 82 per cent and 193 per cent, respectively, while sales from 22 other non-North American countries rose a combined 33 per cent since last December.

“Our team is incredibly energized to see many of the projects they completed in the weeks leading up to this period have meaningful, measurable impact,” stated Josh Bruni, Aires’ Chief Revenue Officer.

“Throughout November and December, we put a heavy emphasis on testing and optimizing conversion rate, average order value and generating quality traffic from key markets,” he added. “The results of these tests exceeded our expectations as seen in the performance the past two months and has increased our confidence in our strategy for the upcoming year.”

American Aires is a nanotechnology company that develops silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation.

American Aires (WIFI) is unchanged trading at $0.09 per share as of 9:30 am EST.

More From The Market Online

BlackBerry expands AI-powered cybersecurity service

BlackBerry (TSX:BB) releases the new and expanded CylanceMDR, a managed detection and response tool backed by its Cylance AI platform.

Qualcomm stock jumps on Q2 2024 earnings

Qualcomm (NDAQ:QCOM) shares rise nearly 10 per cent early Thursday on better-than-expected adjusted earnings and strong revenue guidance.

Fobi AI could address a market in the trillions: Why it’s time to buy

Fobi AI (TSXV:FOBI) is an essential stock to consider to capitalize on the exponential trends of digital wallets and artificial intelligence.