INVESTVIEW INC - INVU STOCK NEWS

Investview, Inc. (OTCQB: INVU) announced Q3 2022 results, revealing a 36.9% decrease in gross revenue to $16.1 million compared to Q3 2021. Despite revenue declines, net income increased 101.2% to $0.5 million, driven largely by the absence of a previous year's non-recurring expense. For the nine months, gross revenue fell 36.0% to $51.2 million, with net income rising 122.2% to $6.4 million. Cash and equivalents dropped to $19.1 million due to equipment purchases. The firm expanded its Bitcoin mining operations, acquiring 3,584 new servers, aiming for greater efficiency through renewable energy.

Investview, Inc. (OTCQB: INVU) announced its financial results for Q2 and the first half of 2022. Gross revenue dropped 55.5% to $15.9 million, while net income fell 84.8% to $1.6 million, primarily due to lower Bitcoin prices and increased mining difficulty. Despite a decrease in cash reserves to $20.3 million, stockholders’ equity rose to $30.8 million. The company plans to expand Bitcoin mining capacity with new equipment, which could enhance long-term growth, despite ongoing revenue challenges and legal costs.

Investview, Inc. (OTCQB: INVU) announced an expansion of its Bitcoin mining operations through its subsidiary, SAFETek, by acquiring 1,705 Whatsminer M30s ASIC servers. This addition aims to enhance efficiency and is expected to boost operational capacity to over 400 Petahash per second, marking a nearly 50% increase. The servers will operate using renewable energy sources, including hydro and geothermal. Despite recent Bitcoin price drops below $22,000, the company remains optimistic about long-term growth in digital assets and sees current market conditions as an opportunity to expand strategically.

Investview, Inc. (OTCQB: INVU) announced a restructuring of equity awards for its senior leadership team. The management team and Board agreed to surrender approximately 288 million restricted shares in exchange for about 360 million incentive options, enhancing fiscal strategy. This move decreases outstanding shares by roughly 11%, improves tax efficiency, and mitigates potential market disruptions during share vesting. Notably, the options have a 66% premium over current stock prices, necessitating a 732% market cap increase for executives to realize comparable value.

Investview, Inc. (OTCQB: INVU) has officially terminated its Purchase Agreements to acquire LevelX Capital LLC and LevelX Advisors due to unmet regulatory conditions and unforeseen circumstances. President James R. Bell cited regulatory delays and evolving challenges as reasons for the decision. Despite this setback, CEO Victor Oveido affirmed the company's commitment to expand its fintech platform and enhance strategic growth, highlighting a robust financial position with $24.9 million in cash and record net revenues of $72.2 million for 2021.

Investview, Inc. (OTCQB: INVU) reported its Q1 2022 financial results, showing gross sales of $19.1 million, a 3% increase from last year, and net revenue of $17.7 million, up 4%. iGenius saw significant growth with net revenue of $14.2 million, a 63% rise. However, SAFETek's performance declined, with a 57% drop in net revenue to $3.6 million due to increased Bitcoin mining difficulty and maintenance issues. Net income fell by 52% to $1.4 million. Cash and cash equivalents decreased by 20% to $24.3 million, alongside total assets dropping to $50.4 million.

Investview reported strong financial results for the nine months ended December 31, 2021, with net revenue soaring by 89% to $72.2 million compared to $38.3 million for the previous full year. Total assets increased 163% to $51.5 million, and cash equivalents surged 475% to $31.0 million. Stockholders’ equity jumped 883% to $28.9 million, up from a deficit. However, the company reported a net loss of $29.2 million, impacted by a one-time charge of $51.6 million related to an acquisition.

Investview, Inc. (OTCQB: INVU) announced a delay in filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2021. This delay is due to the new management team requiring additional time to ensure accurate financial disclosures. Chairman David B. Rothrock expressed confidence in the new team's ability to address current challenges and improve the business model, which could provide long-term shareholder value. The company operates within financial technology, focusing on education, digital assets, and brokerage services.

Victor M. Oviedo has been appointed as the new CEO of Investview, as announced on February 23, 2022. Alongside Oviedo, Jim Bell will take on the roles of President and Acting COO, while Myles Gill becomes Director of Operations. Oviedo, a seasoned executive with experience at StageLight Group and SkyBridge Capital, aims to enhance the company’s growth. The management restructuring aligns with the company’s strategy to unlock shareholder value. Investview focuses on financial education and cryptocurrency technology, particularly Bitcoin mining.