Investview Inc (OTCMKTS:INVU) Stock Jumps After Monthly Revenue Update

Diversified financial technology and global distributor organization engaged in providing financial education tools, content as well as management of digital assets technology, Investview Inc (OTCMKTS:INVU), on August 23, 2021, came out with robust monthly results for July 2021.

Investview had gross revenue growth of 166% year-over-year to $7.6 million and its net income growth was 690% year-over-year to $1.5 million. The company confirmed that its operating income was $1.9 million, rising by 499% Year-Over-Year while its net revenues were up by 160% to reach $7.0 million.

Investview also confirmed that its iGenius Subscription and NDAU Gross Revenue were up by 133% to reach $4.8 million. Its digital currency holdings were $7.2 million in Bitcoin and NDAU while its cash and restricted cash in July 2021 was $15.8 million

Ralph Valvano, Investview CFO, said that the company’s subsidiary iGenius delivers financial education as well as research to individuals and witnessed the highest gross revenue from subscription sales. Valvano added that other subsidiary SAFETek, operating in high-speed processing computer space and AI, also saw robust July with gross revenues surging by 250% over the same period last year.

Joe Cammarata, Investview CEO said that the results for four months of the fiscal year 2022 demonstrate improvement in capital investments and expansion of the firm’s services yielding substantial organic growth as well as returns.

Admin

Leave a Reply

Your email address will not be published. Required fields are marked *