Investview continues to deliver strong monthly results across all business divisions: November 2021 gross revenue growth of 247% yoy to $ 10.2 million and operating income growth of 426% yoy to 3 , $ 4 million.
Gross revenue of $ 10.2 million, up 247% in November Operating revenue of $ 3.4 million, up 426% in November Net revenue of $ 9.5 million, up 230% in November Net income of $ 3.6 million non-operating income), down $ 0.2 million or -4% year-on-year – Gross Bitcoin mining income from November SAFETek over the year $ 2.1 million, up 46% year-over-year, were $ 3.7 million and $ 3.4 million, respectively, for cash and restricted cash on the 30 November 2021 were $ 32.5 million
Eatontown, NJ, December 22, 2021 (GLOBE NEWSWIRE) – Investview, Inc. (OTCQB: INVU), a diverse financial technology company that, through its subsidiaries and global distribution network, provides financial technology, educational tools, 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 combined gross income and net income across all business divisions, with record iGenius subscription sales for November 2021.
âIGenius, our global distribution network that provides an ecosystem of leading financial technologies, services, educational tools, content and research, performed strongly in November across our various product offerings. Our member subscription business is healthier than ever, with record gross subscription revenues of $ 7.6 million in November 2021, up 407%, the best in iGenius history, a result of ‘A 234% increase in member subscriptions compared to the same period last year. For the remainder of 2021 through 2022, we will continue to focus on both growing and retaining our members and diversifying revenues, âsaid Chad Garner, president of iGenius.
âWe continue to be satisfied with the results of our business segments, iGenius and SAFETek. Our iGenius subsidiary, which provides financial education, technology and research to individuals, recorded its highest gross revenue from subscription sales for the month, due to continued growth in our subscriptions. Our other subsidiary SAFETek, which operates in the high-speed processing IT space and focuses on Bitcoin mining, repairing, hosting, mining and blockchain technologies, also had a strong month of November 2021, with gross revenues increasing by 46% compared to the same period last year. On a consolidated basis for the first 8 months of fiscal 2022, our gross revenues and net income were $ 80.4 million, up 321% and $ 24.6 million, up 891%, per compared to the same period of the previous fiscal year, respectively. Investments in existing services offered and new products launched continue to generate significant increases in earnings and results, âsaid Ralph Valvano, Chief Financial Officer of Investview.
Ralph Valvano continued, âAs we closed November our lines of business had a strong month with an operating margin of over 36%. Our gross revenue increased 247% and our operating revenue increased 426% to $ 7.3 million and $ 4.5 million year-over-year in November, respectively. The Company had restricted cash and cash equivalents of $ 32.5 million as at November 30, 2021, an increase of 2,103% compared to $ 1.5 million as at November 30, 2020. This increase is mainly due to strong growth in operating profit.
âOur November results demonstrate once again the power of our truly disruptive model. We have worked hard to deliver on our promises and grow Investview in an accelerated but sustainable way over the long term, and our results demonstrate our ability to do just that, âsaid Jim Bell, Interim CEO of Investview.
Financial Highlights for November 2021
Gross revenue of $ 10.2 million, up 247% year on year in November Operating income of $ 3.4 million, up 426% in November year on year – During the year November, Bitcoin’s digital currency holdings and NDAU book value and fair value as of November 30, 2021 were $ 3.7 million and $ 3.4 million, respectively, cash and restricted cash as of November 30, 2021 November 2021 were $ 32.5 million
Note: Figures included in this release are initial expected results and are unaudited and may differ from figures shown in our documents with the SEC due to compliance with US GAAP and subject to final review by the independent auditors of the company.
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 lead to the actual results, performance or achievements of the Company. a 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.
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