- Gross revenue of $5.5 million for February 2021, highest in company history
- Estimated net income of $1.9 million for February 2021, also a record high
- 30% operating margin estimated for February 2021, also a record level
- Over $1 million in Bitcoin and other digital currency holdings on balance sheet as of February 28, 2021
Eatontown, New Jersey, March 15, 2021 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified fintech company that, through its subsidiaries and global distribution network, provides technology financial services, educational tools, content, research and digital asset technology management with a focus on Bitcoin mining and the next generation of digital assets, is pleased to report record combined revenues for the month of February from its revenue from mining and selling Bitcoin products.
“This was a record month for gross revenue demonstrating the strength and growth of multiple subsidiaries. We continue to execute on corporate objectives four key fintech goals of bitcoin mining, education, financial trading tools, and our recently announced ndau digital currency product packages. Financial education remains a driving force, with individual demand growing rapidly, especially with greater participation from Generations X and Y. We will continue to improve our mining operations, expand our educational tools and increase our offerings to achieve our fintech goals,” said Joe Cammarata, CEO of Investview.
Combined gross revenue of $5.5 million marks the most profitable month in company history. The estimated February 2021 net income of $1.9 million is also a first in the Company’s history. To complete the historical financial milestones, over $1 million in bitcoins and other digital currencies have been added to the balance sheet as of February 28, 2021.
Mario Romano, Chief Financial Officer added, “Our February results demonstrate the impact of the positive changes we continue to make in our subsidiaries. By clearly outlining our commitment to fintech initiatives and support for digital currencies, we provide the necessary elements for individuals to adapt to a fully digital economy..”
February 2021 Financial Highlights
- Consolidated gross revenue was $5.5 million in February 2021, the highest monthly turnover in the Company’s history.
- Consolidated valued report Income of $1.9 million in February 2021, also reflects a record monthly performance.
- The February 2021 operating margin is estimated at 30%, a new record for the Company.
- Our digital currency holdings, consisting of ndau and BTC, reached over $1 million as of February 28, 2021.
Note: Numbers included in this release are initial expected results and are unaudited and may differ from numbers reported in our SEC filings due to compliance with US GAAP and subject to review. final by the company’s independent auditors.
About Investview, Inc.
Investview, Inc. is a diversified financial technology and global distribution organization that operates through its subsidiaries to provide financial education tools, content, research and digital asset technology management that operates cryptocurrencies, with a focus on Bitcoin mining and digital asset generation. . For more information about Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
All statements in this release that are not based on historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe”, “expect”, “may”, “should”, “could”, “seek”, “have intend to”, “plan”, “target”, “estimate”, “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and on information currently available to Investview and involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results, performance or achievements to be materially different from those results, performance or future expectations or achievements expressed or implied by these forward-looking statements. Further information about potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the United States Securities and Exchange Commission (the “SEC”), including the company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. (“INVU”) undertakes no obligation to update such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Contact: Mario Romano
Phone number: 732.889.4308