Bioniclogic Inc. today announced company fiscal year 2022 results, with sales increasing to $6.49Million, up 2% year over year.
Bioniclogic Inc's primary business line is CPM Star, the first online advertising network for games, founded in 2005.
"We continue to innovate in the field of programmatic advertising. Our slowing growth may be somewhat reflective of economic conditions relating to online advertising demand within the desktop gaming space" , said Joshua Goldstein, President & CEO. "To address these challenges, we are exploring new areas of business, such as mobile in-app advertising, and hope that expanding into these areas can enable continued growth. Despite slowing growth, we remained profitable in 2022, and thus were able to pay off the long-term debts owed to holders of convertible notes earlier than expected."