Investview continues to post strong monthly results: June 2021 gross income growth of 578% yoy to $ 12.9 million and net income growth of 237% yoy to $ 3.0 million.
Gross revenue of $ 12.9 million, up 578% year-over-year in June
Operating income of $ 3.7 million, up 361% in June
Net income of $ 8.7 million, up 386% in June
Net income of $ 3.0 million, up $ 5.1 million or 237% year-on-year June
IGenius subscription and NDAU gross revenue of $ 10.7 million, up 732% in June
SAFETek Bitcoin Mining Gross Revenue of $ 2.2 Million, Up 258% YoY in June
Bitcoin Mined over a 14 month period ending June 2021, 929.72 Bitcoin
Assets in digital currencies as of June 30e, 2021, $ 6.9 million in Bitcoin and NDAU
Cash and cash restricted as of June 30e, 2021 was $ 15.7 million, up 27% from the previous month
Eatontown, NJ, July 26, 2021 (GLOBE NEWSWIRE) – Investview, Inc. (OTCQB: INVU), a diversified financial technology company that, through its subsidiaries and global distribution network, provides financial technology, educational tools, of content, research and management of digital asset technologies with a focus on Bitcoin mining and the next generation of digital assets, is pleased to report strong gross income and net income combined for the month of June, contributing to a record quarter of gross income and net income from its product sales and Bitcoin mining business segments.
âIGenius, our global distribution network that provides an ecosystem of leading financial technologies, services, educational tools, content and research, achieved strong results in June across our various product offerings. Our subscription business is healthier than ever, with subscriptions in June 2021 up 283% from the same period last year. We have also diversified our revenue beyond our subscription products, including providing our members with access to NDAU, the world’s first adaptive digital currency. For the second half of 2021, we will continue to focus on both growth and retention of our members and on income diversification, âsaid Ralph Valvano, CFO of Investview.
SAFETek, our main Bitcoin mining subsidiary, also posted strong results in June 2021 with gross Bitcoin Mining revenues up 258% year over year. As previously announced, we have opened a state-of-the-art ASIC mine repair center in Conroe, TX. This new facility is designed to enable SAFETek to process and repair over 200 ASIC bitcoin miners per day. This new facility also includes a self-hosted operation for mining and testing from SAFETek, which can run and test over 100 miners at a time and will allow us to research and develop a variety of innovative technologies. hosting, software and cooling for increased mine production. and efficiency. Also previously announced, SAFETek has purchased more than 1,200 Bitmain T17 + Antminers, which are expected to be deployed by mid-August 2021.
Both the new Texas facility and the purchase of mining equipment are both expected to immediately generate Investview’s revenue, earnings per share and free cash flow in the second quarter of fiscal 22, with the new facility generating cash flow. additional revenue, further diversifying Investview’s top and bottom results, âadded Ralph Valvano, Investview CFO.
âWe are incredibly satisfied with our performance in June 2021 across all reporting business segments. Given the continued strength and momentum of our existing business segments and planned expansions, as well as our new additions through our financial services group subsidiary and new Blockchain management of digital assets and repair services , we expect further growth in revenues and profitability as we grow. our verticals and gain market share in each business segment. Management will continue to be committed to diversifying revenues and growing our business segments organically or through acquisitions that contribute to our bottom line and strengthen our balance sheet and cash position. We believe this strategy will generate long-term sustainable value for our shareholders, âsaid Joe Cammarata, CEO of Investview.
June 2021 Financial Highlights
Consolidated gross revenue was $ 12.9 million in June 2021, the second highest monthly revenue in the history of the Company
Consolidated gross revenues increased by $ 5.0 million or 62% compared to consolidated gross revenues of $ 7.9 million in May 2021
Consolidated net income was $ 3.0 million in June 2021, the second highest monthly net income in the history of the Company
Our digital currency holdings in BTC and NDAU totaled $ 6.9 million as of June 30e, 2021
Our liquidity and liquidity subject to restrictions as of June 30e, 2021 was $ 15.7 million, an increase of 27% from the previous month of May 31st, 2021
Note: Figures included in this release are initial expected results and are unaudited and may differ from figures reported in our SEC documents due to compliance with US GAAP and subject to final review by independent auditors. of the society.
About Investview, Inc.
Investview, Inc. is a diverse 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 the next generation of digital assets. Investview – fostering the decentralization of education and finance through a commitment to blockchain technology. For more information on Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
All statements in this press release that are not based on historical fact 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. Forward-looking statements , which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as âbelieveâ, âexpectâ, âcanâ, âshouldâ, “Could”, “seek,” “intend”, “plan”, “objective”, “estimate”, “anticipate” or other comparable terms. These forward-looking statements are based on current beliefs and assumptions of Investview and information currently available to Investview and involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievement. company materially different from any future results, performance 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 âSECâ), including the company’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. The forward-looking statements made in this press release speak only as of the date of this press release, and Investview, Inc. (âINVUâ) assumes no obligation to update these forward-looking statements to reflect actual results or changes in business. ‘expectations, except as required by law.
Contact: Arthur Rome
Phone number: 732.889.4308