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.
On December 8, 2021, Investview, Inc. (OTCQB: INVU) terminated the employment of its former CEO, Joseph Cammarata, due to criminal charges against him related to an unrelated entity, Alpha Plus Recovery, LLC. He had previously been placed on administrative leave on November 5, 2021. Following his termination, Cammarata resigned from the Board without disagreement. David B. Rothrock has been appointed Chairman, and James R. Bell is the acting CEO while an executive search for a new CEO begins. The company's goals remain unaffected.
Investview, Inc. (OTCQB: INVU) reported strong financial results for November 2021, with a 46% increase in gross revenue to $2.1 million and a 90% rise in gross profit to $1.6 million year-over-year. The company mined over 1,200 BTC over 19 months, holding 37.95 BTC and 75,129.23 NDAU as of November 30, 2021. Recent operational updates include the relocation of 1,500 ASIC miners to a cost-effective facility, projected to generate $830,000 in December gross revenue. The new mobile Bitcoin mining data centers are also under construction, expected to boost revenue opportunities.
Investview, Inc. announced impressive financial growth for Q2 FY2022, reporting gross revenue of $25.6 million, a 216% increase year-over-year. Net revenue reached $23.4 million, reflecting a 201% increase, while net income soared to $8.4 million, up 805%. The company's iGenius segment generated $17.2 million in revenue, a 208% rise, driven by strong demand for financial educational products. The new SAFETek miner repair facility in Texas has refurbished over 2,000 miners, adding operational capacity and revenue potential.
Investview, Inc. (OTCQB: INVU) reported its unaudited Bitcoin production results for October 2021, achieving a gross revenue of $2.5 million, a significant increase of 186% year-over-year. The gross profit reached $1.9 million, representing a 381% increase, with a gross profit margin of 77%. The company mined a total of 1,167.56 BTC over the past 18 months and currently holds over 49.13 BTC and 74,706.12 NDAU. Strategic operations include relocating 1,500 ASIC miners to a lower-cost facility, expected to boost profits by 20%.
Investview, Inc. (OTCQB: INVU) announced that CEO Joseph Cammarata has been placed on administrative leave following his involvement in civil and criminal charges related to a separate entity, Alpha Plus Recovery, LLC. The Board of Directors appointed James R. Bell as the acting CEO to ensure business continuity. Bell has been involved with the company since April 2020 and is expected to manage operations effectively. Investview clarified that Cammarata's actions were unrelated to his role at the company and assured stakeholders there would be no disruption to business objectives.
Investview, a diversified financial technology company, announced significant increases in its Bitcoin production for September 2021. The company reported a gross revenue of $2.4 million, marking a 213% increase year-over-year, and a gross profit of $1.8 million, up 463%. The gross profit margin stands at 74%. Since the start of Bitcoin mining operations, Investview has mined a total of 1,124.53 BTC. The company continues to expand its production capabilities through the acquisition of new miners and a repair facility for ASIC mining servers.
Investview reported remarkable growth for August 2021, showcasing a 223% increase in gross revenue to $9.8 million and a staggering 823% rise in net income, reaching $3.7 million. Highlights include:
- Income from Operations of $3.4 million, up 1,213%.
- Net Revenue of $8.7 million, up 198%.
- Record gross revenue from iGenius subscriptions at $5.4 million, up 155%.
- Bitcoin mining gross revenue at $3.1 million, up 238%.
As of August 31, 2021, Investview held $18.2 million in cash and restricted cash.
Investview, Inc. (OTCQB: INVU) reported significant operational updates for August 2021, revealing a gross revenue of $3.1 million, representing a 238% year-over-year increase. The company achieved a gross profit of $2.5 million, with an impressive gross profit margin of 80%. Over the past 16 months, Investview mined 1,072.43 Bitcoin and currently holds more than 146.38 BTC and 73,990.62 NDAU. The company's mining fleet will expand to nearly 10,000 miners, boosting its hashrate capacity by 22% to 400 PH/s.
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.