Investview continues to post strong monthly results across all business divisions: November 2021 Gross Revenue Growth of 247% YoY to $10.2M and Operating Income Growth of 426% YoY annual at $3.4 million.
- Gross revenue of $10.2 million, up 247% year over year
- Operating profit of $3.4 million, up 426% year-over-year
- Net revenue of $9.5 million, up 230% year over year
- Net income of $3.6 million (including non-operating income), down $0.2 million or -4% year over year
- iGenius subscription and NDAU gross revenue of $8.1 million, up 437% year over year
- Record iGenius member subscription gross revenue of $7.6 million, up 407% year-over-year
- SAFETek Bitcoin Mining Gross Revenue of $2.1M, Up 46% YoY
- Bitcoin mined over 19 months ending November 2021, 1,200.18 Bitcoin
- Digital currency holdings of Bitcoin and NDAU book value and fair value as of November 30e2021, were $3.7 million and $3.4 million, respectively
- Cash and Restricted Cash as of November 30e2021 was $32.5 million
Eatontown, New Jersey, Dec. 22 28, 2021 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB:INVU), a diversified fintech company that, through its subsidiaries and global distribution network, provides fintech, education tools, content, research and management of digital asset technologies with a focus on Bitcoin mining and next generation digital assets, is pleased to report strong combined gross and net revenue across all business divisions, with record sales of iGenius subscriptions for the month of November 2021.
“iGenius, our global distribution network that provides an ecosystem of cutting-edge fintech, services, educational tools, content and research, achieved strong results in November across our various product offerings. Our subscription subscription business is healthier than ever, with record subscription gross revenue in November 2021 of $7.6 million, a 407% surge was the best in iGenius history, a result of a 234% increase in subscription subscriptions compared to the same period last year. For the remainder of 2021 and into 2022, we will continue to focus on both growing and retaining our members and diversifying revenue,” said Chad Garner, President of iGenius.
“We continue to be pleased with the results of our business segments, iGenius and SAFETek. Our subsidiary iGenius, which provides financial education, technology and research to individuals, recorded its highest gross revenue from subscription sales for the month, the result of continued growth in our subscriptions. Our other subsidiary SAFETek, which operates in the high-speed processing computing space and focuses on Bitcoin mining, repair, hosting, operations and blockchain technologies also had a strong month of November 2021, with gross revenues up 46% over the same period last year. On a consolidated basis for the first 8 months of fiscal 2022, our gross revenue and net profit were $80.4 million up 321% and $24.6 million up 891%, compared to the same period of the previous year, respectively. Investments in existing services offered and new products launched continue to drive significant increases in revenue and bottom line,” said Ralph Valvano, Chief Financial Officer of Investview.
Ralph Valvano continued: “As we closed the month of November, our business segments had a solid 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 of November 30, 2021, an increase of 2,103% from $1.5 million as of November 30, 2020. This increase is primarily due strong growth in operating income.
“Our November results once again demonstrate the power of our truly disruptive model. We have worked hard to deliver on our promises and grow Investview in an accelerated, yet sustainable way over the long term, and our results demonstrate our ability to do just that” , said Jim Bell, interim CEO of Investview.
November 2021 Financial Highlights
- Gross revenue of $10.2 million, up 247% year over year
- Operating profit of $3.4 million, up 426% year-over-year
- Net income of $3.6 million (including non-operating income), down $0.2 million or -4% year over year
- Digital currency holdings of Bitcoin and NDAU book value and fair value as of November 30e2021, were $3.7 million and $3.4 million, respectively
- Cash and Restricted Cash as of November 30e2021 was $32.5 million
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 the next generation of digital technologies. assets. Investview – driving decentralization in education and finance through a commitment to blockchain technology. For more information about Investview and its family of wholly owned subsidiaries, please visit: www.investview.com.
Forward-looking statements
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.
Investor Relations
Contact: Mario Romano
Phone number: 732.889.4308
Email: pr@investview.com
