IDGlobal Corp. Announces Details of Annual Report Including Noveda Gross Profit Increase of 3256%
IDGlobal Corp. (OTC PINK:IDGC) announces strong annual report results with a focus on its subsidiary Noveda Technology Inc., showcasing a remarkable 214% revenue growth from $150,007 to $471,277. Gross profit surged 3,256% from $10,637 to $356,949, with gross profit percentage reaching 76% in 2021. The company plans software upgrades in Q2 2022 and two international licensing agreements post beta testing. IDGC aims to be a key player in energy monitoring and SaaS, promoting sustainability across various sectors.
- Revenue growth of 214% from $150,007 to $471,277.
- Gross profit increased 3,256% from $10,637 to $356,949.
- Gross profit percentage reached 76% in 2021.
- None.
DOWNERS GROVE, IL / ACCESSWIRE / March 2, 2022 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce details of the annual report including the company's focal point Noveda Technology Inc. subsidiary, a patented energy monitoring platform solution that integrates consumption and generation data, the platform provides actionable real-time intelligence for owners, operators, users, as well as utilities. Noveda's technology helps reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers world-wide. Implementation spans across commercial/retail, industrial, government, education, and utility sectors.
The Company CEO, Sebastien C. DuFort stated, "The Company's strategy to focus on being a pure play Software as a Service (SaaS) provider has made great strides in the last fiscal year. The Company had increased revenue growth of
As discussed in a prior press release, the Software Upgrades are slated to launch Q2 2022 which include replacing outdated Flash software whose life ended December 31, 2020, and the interim Flash Workaround App that was limited to Windows users. The Upgrade also includes the latest PHP version 8, full-fledged source code documentation, and computability with AWS infrastructure for additional computational services. Once through a short beta-testing phase of the new upgrades, the company also has two international licensing agreements to execute.
ABOUT NOVEDA
Currently headquartered in White Plains, New York, Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors.
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IDGC's Plan of Operations.
IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle-market international investment opportunities through its subsidiaries. IDGlobal Corp. is an organization engaged in the business of fostering early-stage companies through the different developmental phases until the companies have sufficient financial, human, and physical resources to function on their own.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.idglobalcorp.io.
Contact: idglobalinfo@gmail.com
IR Contact: 855-464-2535, press 1
SOURCE: ID Global Corporation
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