Aug. 14 at 4:05 AM
$INVU Once again your hopes have been crushed by yet another less than stellar quarterly report. I will leave it to those who need to find diamonds in the rubble to search for something to crow about. The launch and development of the brokerage in ALL of its forms is their future. Period. Some June 30th details follow. Net Revenue Down 23.5% YOY.
Net Income was
$425,497 but after subtracting dividends to preferred shareholders Net income was
$220,662 (that’s the number that matters).
Through June 30th they had purchased 2,960,217 shares at a weighted price of .0150806
Still at a loss for the first six months of the year.
Cash and cash equivalents down to
$16,162,133
As I suspected about the apparent decision to hold Bitcoin. This is a quote…”Digital assets are included in non-current assets on the Consolidated Balance Sheets due to the Company’s intent to retain and hold bitcoin.”
Revenue from the iGenius segment is down 33.6% for the first six months of the year.
