- 509% Recurring User Revenue Growth
- 702% Enterprise and Corporate Revenue Growth
- Attractive corporate structure
- Could be a great acquisition target for Uber or Lyft.
Strong growth, Attractive corporate structure, could be a great acquisition target for Uber or Lyft.
FTWS may not be at these levels much longer.
Flitways Technology, Inc. (OTC Pink: FTWS), has working relationships with some of the world’s most recognizable companies, including Amazon.com, Inc. (NASDAQ: AMZN), Samsung Electronics Co., Ltd. (OTC Pink: SSNLF), Xerox Corp (NYSE: XRX), Rolls Royce, and more.
Flitways, Inc. (OTC Pink: FTWS) just announced the launch of a new travel management platform for businesses which utilizes 7,000 flights, 200,000 hotels, and 20,000 car services in over 450 cities. The platform will have the ability to integrate with existing major travel expense tools like Concu, and provide concierge services.
FTWS, further proving that it has its hands in “everything travel” also recently announced that it is launching its non-emergency medical transpiration (NEMT) services for low risk patients by partnering with healthcare organizations including JMAC, Aid in Recovery and PrimeCare to provide transportation for their patients requiring support, as opposed to utilizing costly ambulatory vehicles.
Flitways, Inc. most recent financials:
FTWS just reported a 509% increase in recurring user revenue and a 702% increase in Enterprise and Corporate Revenue, along with the following metrics.
Second Quarter 2017 Key Business Metric Highlights
- Revenue grew in the second quarter of 2017, reflecting 509% growth compared to second quarter 2016
- Total users grew 36% compared to second quarter 2016
- Recurring users also saw an increase of 35% compared to second quarter 2016
- Drivers – Drivers and providers grew 85% year over year
- Mobile app installs grew 52% month over month
- Enterprise & Corporate Accounts grew 60% compared to the second quarter of 2016
Flitways’ services are delivered through a fully integrated and customizable enterprise software suite, which allows any business to easily manage its ground transportation needs through both its administrator website and simple to use IOS and android apps.
One of the first concerns that some may have is whether Flitways will be in direct competition with Uber and Lyft.
In our opinion, the right question to ask oneself is, will it be Uber or Lyft that acquires Flitways in order to round out their ecosphere and technology base.
Flitways, Inc. (OTC Pink: FTWS) has a market cap of only $3.9 million. The travel technology company has 150 million authorized shares, 58.53 million shares outstanding, and a float consisting of only 15 million shares.
About Flitways Technology, Inc.
Flitways Technology, Inc. (OTC Pink: FTWS) Flitways is a Los Angeles, California-based travel technology and services company which focuses on two large and under-served markets and has two important and valuable assets. Flitways’ business segments are: (i) a novel solution for enterprises looking to create a more seamless, easy to view, and cost-saving ground transportation solution for its employees; and (ii) a robust global network of car services and drivers that provides a source of additional (ancillary) revenue and integrated booking and itineraries for travel providers (e.g., airlines) and travel distributors (e.g., Kayak).