Investview - INVU STOCK NEWS

Investview, Inc. (OTCQX: INVU) has commenced trading of its Series B Preferred shares under the symbol “INVUP” on the OTCQX Best Market as of August 30, 2021. The preferred shares offer a competitive annual dividend yield of 13% paid quarterly. CEO Joseph Cammarata noted the company has reduced debt, increased revenues, and expanded its offerings since its strategic shift in 2019. The new offerings allow shareholders to receive dividends in USD or in digital currencies like Bitcoin (BTC). B. Riley Securities, Inc. served as the company’s OTCQX sponsor.

Investview reported impressive results for July 2021, with gross revenue reaching $7.6 million, representing a 166% increase year-over-year. Net income surged 690% to $1.5 million. Highlights include an income from operations of $1.9 million (+499%), and significant contributions from its subsidiaries, iGenius and SAFETek. iGenius generated $4.8 million in gross revenue (+133%), while SAFETek achieved $2.8 million (+250%). Investview's digital currency holdings totaled $7.2 million as of July 31, 2021, bolstered by strong cash reserves of $15.8 million.

Investview, Inc. (OTCQB: INVU) reported significant growth in Bitcoin production and digital asset holdings for July 2021. The company achieved a gross revenue of $2.8 million, reflecting a 250% increase year-over-year. Gross profit surged to $2.2 million, a remarkable 633% rise, resulting in a gross profit margin of 79%. Over the past 15 months, Investview mined 1,003.08 BTC and holds over 122.75 BTC and 153,789.31 NDAU as of July 31, 2021. The company also expanded its mining operations with the purchase of 1,200 Bitmain T17+ Antminers.

Investview, Inc. (OTCQB: INVU) reported a record gross revenue of $35.8 million for Q1 fiscal 2022, marking a 506% increase year-over-year. Net revenue reached $25.6 million, up 358%, while net income hit $8.8 million, a 279% rise compared to the previous year. These results highlight strong performance across all business sectors, particularly the iGenius subscription service, which contributed $27.4 million in gross revenue, a 501% increase. The company aims to continue growth by diversifying revenue streams and enhancing profitability.

Investview reported impressive results for June 2021, with gross revenue reaching $12.9 million, marking a 578% increase year-over-year. Net income also surged to $3.0 million, a 237% year-over-year growth. The company’s iGenius subscription revenue saw a 283% increase, while SAFETek's Bitcoin mining revenue rose 258%. Additionally, digital currency holdings totaled $6.9 million. Cash and restricted cash increased by 27%, totaling $15.7 million. These results contributed to a record-breaking quarter for Investview.

Investview (INVU) has launched an advanced ASIC mining repair center in Conroe, Texas, aimed at providing repair and optimization services for cryptocurrency miners across the U.S. and North America. This facility will boost operational efficiency by up to 30%, extending the lifespan of mining equipment. With the capability to repair over 200 miners daily, SAFETek, a subsidiary of Investview, plans to address the growing demand for ASIC miner services due to a current shortage of mining equipment.

Investview, Inc. (OTCQB: INVU) has paid a quarterly dividend of $0.81 per preferred share on July 15, 2021, to shareholders recorded as of June 30, 2021. Holders of preferred shares benefit from an annual dividend yield of 13%, secured from the $25 share price for the first three years. The company closed its Perpetual Preferred Unit Offering on June 22, 2021, selling 252,192 Units. Investview is currently applying for a symbol for these preferred shares.

Investview, Inc. (OTCQB: INVU) has reported a strong growth trend for its subsidiary, iGenius, in Q1 2021. CEO Joe Cammarata highlighted significant global demand for their financial education tools, driven by the launch of NDAU, the world’s first adaptive digital currency. Gross revenue surged to $5M in June, up from $1.7M in January, marking a 185% increase. Subscription revenue doubled to $2.2M, and total memberships rose by 64% since January. iGenius focuses on empowering self-directed investors through technology and education.

Investview, Inc. (OTCQB: INVU) reported impressive operational updates for June 2021, highlighting a 263% year-over-year increase in gross revenue, totaling $2.2 million. The company achieved a 389% rise in gross profit, reaching $1.5 million, with a gross profit margin of 68.2%. Over the past 14 months, Investview mined 922.47 Bitcoin, and as of June 30, it holds over 115.06 BTC and 153,197 NDAU. The company plans to expand its mining operations significantly by acquiring 1,200 new miners, targeting a total hashrate capacity of 500 PH/s by the end of the year.