- 509% Recurring User Revenue Growth
- 702% Enterprise and Corporate Revenue Growth
- Attractive corporate structure
- Could be a great acquisition target for Uber, Lyft or another travel giant
FTWS may not be at these levels much longer.
See the Full Press Release and other stories on Flitways Technology, Inc. (OTC
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.
FTWS is now presenting its platform alongside the likes of Facebook, Inc. (NASDAQ: FB), Priceline, Inc. (NASDAQ: PCLN), Travelocity and Booking.com at the Phocuswright Conference in Fort Lauderdale.
The Phocuswright Conference is a gathering of nearly 1,800 of the global travel industry’s decision makers exploring the impact of digital and innovation on the industry. The Audience consists of 78% C-level executives, presidents, vice presidents, partners and directors from over 40 countries and serving every sector of the travel industry: tech solutions providers, OTAs, financial services, lodging, air, ground transportation, attractions, DMOs, search/content, advertising and more.
Flitways, Inc. (OTC Pink: FTWS) also recently 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 Concur, 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.
FlitWays, through its innovative software and global network of car services, provides both enterprises and travel distributors a complete and highly differentiated platform of ground transportation management and services. We enable businesses like airlines, hotels, online travel agencies and travel management systems a new way to integrate ground transportation into their existing destination offerings.