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New Media Insight Group Inc
New Media Insight Group, Inc. operates as a media and technology business. The firm provides technology-driven, data-based solutions for the media and marketing industries. New Media Insight Group, Inc was previously known as Newstex's parent company. It was founded in 2004 and is headquartered in New York, New York. New Media Insight Group Inc is a publicly-traded company listed on the OTCIQ market under the NMIX ticker symbol.
The company offers data management and analytics services for various industries, including media, marketing, and entertainment. It also provides technology solutions for data management and customer engagement; Its products include the flagship product, Claritÿ, which offers real-time data analytics for businesses within the media, finance, healthcare, and entertainment sectors. In addition, New Media Insight Group offers various services, including marketing and customer engagement, data analytics, and enterprise technology solutions.
New Media Insight Group has announced significant revenue growth for its third quarter 2022 results. Revenue surged by 150% from Q2 2022, 875% year-over-year, and 1,208% from its highest pre-pandemic quarter. The company has also recently restructured its balance sheet by eliminating all convertible debt and replacing it with long-term, low-interest debt. This move has significantly reduced the company's ongoing finance costs, positioning it for sustained, high-margin revenue growth.
New Media Insight Group has been expanding its offerings and entering new markets, with growth through strategic acquisitions and forming partnerships. The company recently acquired Quantalytics, a leading provider of AI-powered real-time data analytics solutions.
In summary, New Media Insight Group is a publicly traded company that provides data-driven solutions for the media and marketing industries and offers technology solutions for customer engagement, marketing, and data analytics. The company reported significant revenue growth in its recent quarterly results and is positioning itself for sustained, high-margin revenue growth through strategic acquisitions and partnerships.