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Earlyworks Co., Ltd. (symbol: ELWS) is a pioneering blockchain-based technology company known for its innovative solutions across diverse sectors. The company develops and deploys products and services leveraging its proprietary grid ledger system, aimed at maximizing the potential of blockchain technology. From advertisement tracking to online visitor management and the sale of non-fungible tokens (NFTs), Earlyworks Co., Ltd. is at the forefront of digital transformation.
The company's client portfolio spans various industries, including information technology, shipping, real estate, entertainment, cosmetics, and chemical products. This diverse customer base underscores the versatility and broad applicability of Earlyworks' blockchain solutions.
One of the company's standout offerings is DUALii, a cutting-edge technology platform that integrates seamlessly with Web3 and blockchain for enhanced business operations. Recent developments include a new business model utilizing DUALii, which showcases the company’s commitment to innovation and staying ahead in the rapidly evolving tech landscape. Photos and additional details about these developments are available on the company's newsroom.
Earlyworks Co., Ltd. continues to push boundaries with its dedication to harnessing blockchain for practical, scalable solutions. With strong financial health and strategic partnerships, the company is well-positioned for sustained growth and a significant impact in the tech industry.
Earlyworks Co., , a Japanese blockchain technology solutions provider, reported financial results for the six months ended October 31, 2023. Revenue increased by approximately JPY 22,738 thousand, gross profit increased by approximately JPY 39,631 thousand, and net loss decreased by approximately JPY 28,393 thousand compared to the same period in 2022. The company achieved its IPO and NASDAQ listing, developed its proprietary blockchain system GLS, collaborated with NTT DOCOMO, INC., updated its revenue model, and became a co-creation business partner for MetaMe®. Total revenue increased to JPY 54,944 thousand, with a significant increase in NFT sales revenue. However, revenue from software and system development services and consulting and solution services decreased. Cost of revenue decreased due to the absence of associated costs with NFT sales. Operating expenses increased mainly due to higher general and administrative expenses and selling and marketing expenses. Cash and cash equivalents were approximately JPY 701,385 thousand, and total shareholder's equity increased by approximately JPY 271,530 thousand compared to the same period in 2022.
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