Source: Adamant Global Holdings.
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  • Adamant (ADMT) has released its 2021 financial results headlined by significant revenue growth
  • At year end, working capital was US$1,300,000 with revenue of US$496,000, compared to negligible amounts for both categories in 2020
  • Over 2022, the company intends to further develop its UPOne platform and pursue M&A opportunities
  • Adamant, formerly Upco International, offers technology solutions in fintech and wholesale telecom
  • Adamant (ADMT) is up by 25 per cent trading at $0.05 per share

Adamant (ADMT) has released its 2021 financial results headlined by significant revenue growth.

It closed the year with a strong balance sheet due to reduced SG&A costs, a decrease in liabilities, strong capital inflows and the reactivation of subsidiary Oktacom’s wholesale voice sales.

Working capital stood at US$1,300,000 with revenue of US$496,000, compared to negligible amounts for both categories in 2020.

The company continues to establish strong relations with mobile operators around the world.

2021 highlights

  • Engaged with Codeversity – a global digital technology company – to develop digital strategy, which has resulted in an initial project design
  • Worked with Snoop Consulting to improve the customer experience, redesigning the roadmap of an existing application
  • Grew Upco Messenger to 40,000 users with payment integration forthcoming
  • Oktacom was also granted the 214 International Telecommunication License

Plans for 2022

  • Continuing the development of the UPOne platform
  • Strong investment in sales, marketing and communication strategies
  • Increasing the company’s end-users through M&A with due diligence on several targets already underway

Adamant is the owner of Oktacom, a licensed global telecom carrier within the international voice over IP wholesale business, and Brilliance LTD, a cloud-based provider of voice termination for mobile.

Adamant (ADMT) is up by 25 per cent trading at $0.05 per share as of 9:42 am EST.

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