Agoracom Blog

Armada Data (ARD: TSXV) Reports Record Results From Insurance Division

Posted by AGORACOM at 3:01 PM on Wednesday, November 18th, 2009


Armada Data is a great Web 2.0 success story.  I don’t mean “Twitter like” success with huge traffic, notoriety and no revenue model.  I mean the kind of company that delivers a real service to real customers for real revenues and profits.

How successful?  Their paying a dividend for god’s sake.  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?  Before today’s news, here are the stories I blogged about them.  Keep in mind all of this news has come out in the last 3 weeks.  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 Division

Oct 30th, 2009 – Posts Record Q1 Results and Plans To Increase Yearly Dividend

Oct 28th, 2009 – Joins AGORACOM 100 With $2.15 Million in Revenue and 3 Consecutive Years of Profitability

All they did today was announce record results from the insurance side of the business.  Yep, that’s right – they have multiple revenue streams.  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 - Armada Reports Record Results From Insurance Division

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