BEYOND COMMERCE INC - BYOC STOCK NEWS

Beyond Commerce, Inc. (OTC PINK:BYOC) is exploring acquisition opportunities in high-growth sectors to enhance shareholder value. CEO Geordan Pursglove highlighted interest in industries like psychedelics, cryptocurrency, eSports, and logistics. Growth in the psychedelics market is projected at a CAGR of 16.3%, reaching USD $6.859 billion by 2027. Meanwhile, the cryptocurrency market is forecasted to grow at a CAGR of 30%, exceeding USD 5.190 billion by 2026. The eSports market is also expected to rise significantly, reaching USD 1.62 billion by 2024.

Beyond Commerce, Inc. (BYOC) reported its Q1 2021 financial results, showing a revenue of $1.1 million, an 11% decrease year-over-year. The gross profit also fell 11% to $0.7 million, maintaining a gross margin of 66%. Operating loss was $0.5 million, a 3% improvement compared to the previous year. The company secured a $1.0 million investment and strengthened its cash position to $1.4 million. Despite challenges from COVID-19, management is actively pursuing acquisitions to enhance future revenue growth.

Beyond Commerce, Inc. (OTC PINK:BYOC) announced its 2021 outlook, focusing on enhancing shareholder value through strategic acquisitions and organic growth. CEO Geordan Pursglove highlighted potential acquisition targets generating between $5 million and $50 million in annual revenues, emphasizing their cash flow positivity and growth rates exceeding 20%. The company anticipates achieving a 20% organic revenue growth from existing clients, while also working on improving its balance sheet and moving to a listed exchange. The marketing analytics software market is projected to reach USD 7.43 billion by 2027.

Beyond Commerce, Inc. (OTC PINK:BYOC) announced that its Service 800 division will sponsor the Worldwide Business Research's Field Service Medical Virtual Event, taking place from April 27-29, 2021. This event aims to connect leaders in the medical device industry. Service 800's COO, Shannon Gronemeyer, will lead a panel on leveraging customer feedback for service improvements and ROI. The partnership with WBR, which organizes over 100 conferences annually, aims to provide technological solutions to industry challenges.

Beyond Commerce reported 2020 annual revenue of $4.2 million, a 2% increase from 2019. Gross profit decreased to $2.8 million, resulting in a gross margin of 66.6%. The company faced a net loss of $10.5 million, largely due to increased non-operating expenses. Despite challenges, management anticipates revenue growth in 2021 driven by new contracts and renewals. The company also strengthened its balance sheet by reducing debt and increasing cash. Contracts with clients are set for one to two years with auto-renewal.

Beyond Commerce, Inc. (OTC PINK:BYOC) announced a successful closing of a $1 million equity financing with an institutional shareholder, priced at $0.01 per share, reflecting a 370% premium over the current market price. CEO Geordan Pursglove expressed confidence in the investment despite pandemic challenges, noting strong business performance in 2020 through acquisitions and organic growth. The capital infusion aims to further enhance growth and strengthen the company's balance sheet, supporting a robust business pipeline with expected future contracts.

Beyond Commerce, Inc. (OTC PINK: BYOC) has announced the integration of Astrid360, enhancing its internal processes to comply with HIPAA. This new technology will streamline operations for Service 800, allowing for the creation and management of data-driven call center programs through a HIPAA compliant cloud-based suite. CEO Geordan Pursglove emphasized the importance of operating at high efficiencies to attract new customers and grow revenues.

Beyond Commerce, Inc. (OTC PINK: BYOC) has appointed Peter Stazzone as its new Chief Financial Officer. With over 25 years of experience in finance and operations, Stazzone aims to enhance the company's strategic growth, building on his prior role on the Board of Directors. CEO Geordan Pursglove emphasized Stazzone's diverse background as a significant asset for the company’s future endeavors in business growth and capital market positioning. Stazzone previously served as CFO for Strainz, Inc. and Voce Telecom, showcasing a robust track record in financial leadership.

Beyond Commerce, Inc. (OTC Pink: BYOC) announces that SERVICE 800 will sponsor the Technology and Services Industry Association (TSIA) conferences in 2021. TSIA, a leading research organization for technology companies, hosts two major conferences annually, gathering industry professionals globally. SERVICE 800 has a 20+ year partnership with TSIA, providing educational resources and support. The sponsorship aims to enhance SERVICE 800's presence and deliver valuable insights for navigating business challenges.