Welcome to our dedicated page for Investview news (Ticker: INVU), a resource for investors and traders seeking the latest updates and insights on Investview stock.
Investview, Inc. (OTCQB: INVU) generates frequent news across its diversified financial technology, blockchain, wellness, and brokerage initiatives. Company updates highlight developments in its iGenius financial education and consumer products platform, its SAFETek Bitcoin mining operations, its Renu Labs and myLife Wellness health and beauty manufacturing activities, and the build-out of its Opencash retail brokerage platform.
News releases often cover quarterly and annual financial results, including segment-level performance for iGenius, SAFETek, and Renu Labs. These reports discuss trends in net revenue, cash flows, balance sheet strength, and the impact of factors such as Bitcoin halving events, network difficulty, and macroeconomic conditions on direct selling and mining operations.
Investview’s news flow also includes strategic milestones, such as the acquisition of Renu Laboratories, the integration of myLife Wellness as a marketing and e-commerce platform, and the acquisition and development of Opencash Securities LLC as an early-stage registered broker-dealer. Announcements describe plans for mobile-first trading apps, wellness product launches, and cross-selling between iGenius and myLife Wellness.
Regulatory and corporate governance developments are another important news category. The company has reported on a settlement with the U.S. SEC related to the historical Apex Program and on a decision by the Polish Office of Competition and Consumer Protection concerning iGenius operations in Poland, as well as share repurchase programs authorized by its board of directors.
Investors and observers following INVU news can use this page to review earnings releases, operational updates, regulatory disclosures, acquisitions, and leadership or network developments, including announcements about figures such as David Imonitie joining the iGenius community. Regularly reviewing these items can help readers understand how Investview’s multi-segment FinTech and wellness ecosystem is evolving over time.
Investview, Inc. (OTCQB: INVU) reported its Q2 2024 financial results, showing mixed performance. Gross revenue decreased 26.0% to $13.8 million, while net revenue fell 24.1% to $13.1 million compared to Q2 2023. However, for the six months ended June 30, 2024, net income from operations increased 45.2% to $2.3 million. The company's cash position improved, with cash and cash equivalents up 13.1% to $23.7 million from December 31, 2023.
iGenius and SAFETek, Investview's operating subsidiaries, faced challenges due to global economic headwinds and industry-specific factors like Bitcoin halving. Despite these obstacles, the company remains focused on its strategic transformation plan, exploring new business channels and potential acquisitions to drive long-term growth.
Investview (OTCQB: INVU) announced its Q1 2024 financial results, reporting significant growth across key metrics compared to Q1 2023. Gross revenue increased by 11.4% to $16.5 million, while net revenue rose 15.5% to $15.7 million. Net income from operations saw a substantial jump of 376.7% to $1.9 million. The company’s cash position improved, with cash and equivalents at $24.4 million, up 16.8% from December 2023. iGenius, a major subsidiary, achieved a 13.6% increase in net revenue to $13.0 million, driven by a 16.4% rise in subscription revenue. SAFETek's revenue also grew by 26.2% due to the rising value of Bitcoin. Despite a 25.7% increase in total liabilities to $18.7 million and a decrease in stockholders’ equity by 8.9% to $17.1 million, the repurchase of 472 million shares helped reduce outstanding shares by 20.2%. Investview's strategic moves, including the acquisition of Opencash Securities, aim at expanding its retail brokerage and financial markets presence, setting the stage for future growth.
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Investview, Inc. (OTCQB: INVU) reported its financial results for the year ending December 31, 2022. The company's gross revenue decreased by 23.4% to $66.6 million, and net revenue fell 14.4% to $61.8 million. The net loss from operations decreased by 69.6% to $8.6 million, primarily due to lower non-cash impairment charges compared to the previous year. Cash and equivalents declined to $20.5 million, while outstanding debt dropped to $10.5 million. The company's SAFETek operations faced challenges with net revenue down 48.1%, while iGenius experienced a modest 1.4% revenue increase.
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.