GainClients Inc. (OTCMKTS:GCLT) dropped 12% despite announcing a record revenue quarter in the last 16 quarters. CEO Ed Laine said that the Firm’s Earnest Money Capture Solution had wowed users and clients across the US. Its sales and marketing teams have more consumers in the pipeline, implying that these numbers will become a regular occurrence for them.
Market Reaction
On Wednesday, GCLT stock fell 12% to $0.0052 with more than 890K shares, compared to its average volume of 218K shares. The stock moved within a range of $0.0052 – 0.0062 after opening trade at $0.0057.
GainClients, Inc. Announces Best Revenue Numbers in Literally Decades
Since the start of the COVID Pandemic, GainClients has focused on assisting Title and Escrow Companies in collecting earnest cash deposits digitally. In a period of “Social Distancing,” its “Contactless Earnest Money Capture”became a wonderful fit. Any property investment deal usually starts with a contract and an instant deposit provided by the buyer to show “good faith.”
This deposit is referred to as an “earnest money deposit throughout most states.” The RDC Tool from GainClients enables such deposits to take place electronically, saving clients hundreds of dollars in shipping fees as well as their workers’ time. So GCLT is worth watching.
Key Quote
“The Company’s Earnest Money Capture Solution has impressed clients and users all over the United States and their marketing and sales team has more clients in their sale pipeline, which means these sorts of numbers are going to become a consistent for them,” said Ed Laine, the Company’s CEO.
Traders Review
GCLT stock is trading below the 20-Day and 50-Day Moving averages of $0.0057 and $0.0066 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0088.
