Integrated Ventures, Inc Reports Total 2024 Revenues Of $5,863,935 vs $3,862,849 for 2023
Integrated Ventures Inc (OTCQB: INTV) has filed its Form 10K/Annual Report for the financial period ending July 30, 2024. The company reported total annual revenues of $5,863,935 for 2024, compared to $3,862,849 in 2023. Total liquid capital increased to $1,771,891 in 2024 from $705,423 in 2023. However, total assets decreased to $3,942,691 in 2024 from $6,590,569 in 2023, mainly due to impairment of property and mining equipment.
The company reported a net loss of $11,524,357 in 2024, an improvement from the $25,459,967 loss in 2023. Integrated Ventures has expanded its operations into the health and wellness sector, focusing on weight loss management solutions. The company has launched four wholly owned subsidiaries: digital currency mining and hosting, MedWell USA, MedWell Direct, and MedWell Facilities.
Integrated Ventures Inc (OTCQB: INTV) ha presentato il suo Modulo 10K/Rapporto Annuale per il periodo finanziario che si chiude il 30 luglio 2024. L'azienda ha riportato entrate annuali totali di $5,863,935 per il 2024, rispetto ai $3,862,849 del 2023. Il capitale liquido totale è aumentato a $1,771,891 nel 2024, rispetto ai $705,423 del 2023. Tuttavia, il totale delle attività è diminuito a $3,942,691 nel 2024, rispetto ai $6,590,569 del 2023, principalmente a causa della svalutazione di proprietà e attrezzature minerarie.
L'azienda ha registrato una perdita netta di $11,524,357 nel 2024, un miglioramento rispetto alla perdita di $25,459,967 nel 2023. Integrated Ventures ha ampliato le proprie operazioni nel settore della salute e del benessere, concentrandosi sulle soluzioni per la gestione del peso. L'azienda ha lanciato quattro filiali interamente possedute: mining e hosting di valuta digitale, MedWell USA, MedWell Direct e MedWell Facilities.
Integrated Ventures Inc (OTCQB: INTV) ha presentado su Formulario 10K/Informe Anual para el periodo financiero que finaliza el 30 de julio de 2024. La empresa reportó ingresos anuales totales de $5,863,935 para el 2024, en comparación con $3,862,849 en 2023. El capital líquido total aumentó a $1,771,891 en 2024 desde $705,423 en 2023. Sin embargo, los activos totales disminuyeron a $3,942,691 en 2024 desde $6,590,569 en 2023, principalmente debido a la depreciación de propiedades y equipos de minería.
La empresa reportó una pérdida neta de $11,524,357 en 2024, una mejora respecto a la pérdida de $25,459,967 en 2023. Integrated Ventures ha ampliado sus operaciones en el sector de la salud y el bienestar, enfocándose en soluciones para la gestión del peso. La empresa ha lanzado cuatro subsidiarias de propiedad total: minería y alojamiento de moneda digital, MedWell USA, MedWell Direct y MedWell Facilities.
Integrated Ventures Inc (OTCQB: INTV)는 2024년 7월 30일 종료되는 회계연도의 Form 10K/연례 보고서를 제출하였습니다. 회사는 2024년 총 연간 수익이 $5,863,935에 달했다고 보고했으며, 이는 2023년의 $3,862,849와 비교됩니다. 총 유동 자본은 2024년에 $1,771,891로 증가하였고, 2023년에는 $705,423이었습니다. 그러나 총 자산은 2024년에 $3,942,691로 감소하였고, 이는 2023년의 $6,590,569에서 줄어든 것입니다. 주로 부동산 및 채굴 장비의 감가상각 때문입니다.
회사는 2024년 순손실이 $11,524,357에 달했다고 보고하였으며, 이는 2023년의 $25,459,967 손실보다 개선된 수치입니다. Integrated Ventures는 체중 관리 솔루션에 집중하여 건강 및 웰빙 분야로 사업을 확장하였습니다. 이 회사는 디지털 통화 채굴 및 호스팅, MedWell USA, MedWell Direct, MedWell Facilities의 네 개의 완전 소유 자회사를 설립하였습니다.
Integrated Ventures Inc (OTCQB: INTV) a déposé son formulaire 10K/rapport annuel pour la période financière se terminant le 30 juillet 2024. L'entreprise a annoncé un revenu annuel total de $5,863,935 pour 2024, contre $3,862,849 en 2023. Le capital liquide total a augmenté à $1,771,891 en 2024, contre $705,423 en 2023. Cependant, les actifs totaux ont diminué à $3,942,691 en 2024, contre $6,590,569 en 2023, principalement en raison d'une dépréciation des biens immobiliers et des équipements miniers.
L'entreprise a déclaré une perte nette de $11,524,357 en 2024, une amélioration par rapport à la perte de $25,459,967 en 2023. Integrated Ventures a élargi ses activités dans le secteur de la santé et du bien-être, se concentrant sur des solutions pour la gestion du poids. L'entreprise a lancé quatre filiales entièrement détenues : le minage et l'hébergement de devises numériques, MedWell USA, MedWell Direct et MedWell Facilities.
Integrated Ventures Inc (OTCQB: INTV) hat seinen Form 10K/Jahresbericht für den zum 30. Juli 2024 endenden Finanzzeitraum eingereicht. Das Unternehmen meldete jahresgesamte Einnahmen von $5,863,935 für 2024, im Vergleich zu $3,862,849 im Jahr 2023. Das gesamte flüssige Kapital stieg 2024 auf $1,771,891, von $705,423 im Jahr 2023. Die Gesamtvermögen verringerten sich jedoch auf $3,942,691 im Jahr 2024, von $6,590,569 im Jahr 2023, hauptsächlich aufgrund von Wertminderungen bei Immobilien und Bergbauequipment.
Das Unternehmen berichtete von einem Nettoverlust von $11,524,357 im Jahr 2024, eine Verbesserung gegenüber dem Verlust von $25,459,967 im Jahr 2023. Integrated Ventures hat seine Aktivitäten auf den Gesundheits- und Wellnesssektor ausgeweitet und konzentriert sich auf Lösungen für das Gewichtsmanagement. Das Unternehmen hat vier vollständig im Besitz befindliche Tochtergesellschaften gegründet: digitales Währungs-Mining und Hosting, MedWell USA, MedWell Direct und MedWell Facilities.
- Total annual revenues increased by 51.8% from $3,862,849 in 2023 to $5,863,935 in 2024
- Total liquid capital (cash + digital assets) grew by 151.2% from $705,423 in 2023 to $1,771,891 in 2024
- Net loss decreased by 54.7% from $25,459,967 in 2023 to $11,524,357 in 2024
- Expansion into the health and wellness sector with four new wholly owned subsidiaries
- Total assets decreased by 40.2% from $6,590,569 in 2023 to $3,942,691 in 2024
- Total current liabilities increased by 23.8% from $2,975,451 in 2023 to $3,683,142 in 2024
- Net loss of $11,524,357 reported for 2024, despite revenue growth
Financial Highlights + Management Comments:
- Total Annual Revenues:
$5,863,935.00 $3,862,849.00 - Total Liquid Capital (Cash+ Digital Assets) Available :
$1,771,891.00 $705,423.00 - Total Assets:
$3,942,691.00 $6,590,569.00 - Total Current Liabilities:
$3,683,142.00 $2,975,451.00 - Net Income (Loss): (
$11,524,357.00 $25,459,967.00
Steve Rubakh, CEO of Integrated Ventures, adds the following commentary:
"The management has made a strategis decision to expand business operations by entering lucrative and rapidly growing health and wellness sector, with focus on weight losss management solutions.
As of 09/30/2024, the Company have launched and fully funded internally, the following wholly owned subsidiaries: (1) Digital currency mining and hosting, (2) MedWell
The Company is planning to launch 3 new websites to support newly launched subsidiaries and finalizing details on multiple B2B joint venture opportunities, related to health and wellness sector, with goal to increasing shareholder's value and revenue growth."
About: Integrated Ventures, Inc is Technology Holdings Company with focus on developing, acquiring, operating and investing in businesses, such as e-commerce, health and wellness solutions and cryptocurrency mining.
For more details, please visit the Company's website: www.integratedventuresinc.com.
Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.
Contact Details: (215) 613-9898; sr@integratedventures.io
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SOURCE Integrated Ventures Inc.
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