(ARD:TSX-V)
Armada Data is a great Web 2.0 success story. Â I don’t mean “Twitter like” success with huge traffic, notoriety and no revenue model. Â I mean the kind of company that delivers a real service to real customers for real revenues and profits.
How successful? Â Their paying a dividend for god’s sake. Â How many Web 2.0 companies are generating revenue, let alone paying dividends to shareholders?
Yes, they are an AGORACOM client and I am horribly conflicted – but I understand running a small and emerging Web 2.0 company as well as anybody and these guys make me jealous.
How successful are they? Â Before today’s news, here are the stories I blogged about them. Â Keep in mind all of this news has come out in the last 3 weeks. Â Most companies would be thrilled to put this news out over an entire year.
The headlines alone should tell you all you need to know – but don’t be lazy and actually dig into these stories:
Nov 5th, 2009 – Reports Record October Results From CarCostCanada.com Division
Oct 30th, 2009 – Posts Record Q1 Results and Plans To Increase Yearly Dividend
All they did today was announce record results from the insurance side of the business. Â Yep, that’s right – they have multiple revenue streams. Â Armada Data isn’t a Web 2.0 company, their Web 3.0
Congratulations to the entire Armada Data team for a job well done.
September & October 2009 Highlights:
Insurance Services revenues up 46% versus Sept/Oct-2008
- New ACV Insurance service significantly contributing to revenue growth
- ACV market 10 times greater than Armada’s existing 43r insurance service
- ACV targeted roll out to Armada’s 26 existing insurance clients underway
- New ACV Insurance service now being used by 2 Top-10 companies
- Insurance division entering busiest time of the year
Click on link below to read entire press release:
November 18, 2009 -Â Armada Reports Record Results From Insurance Division