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 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.
Investview, Inc. (OTCQB: INVU) has appointed Ralph R. Valvano as Chief Financial Officer, effective June 7, 2021. Valvano has 26 years of finance experience, previously serving as CFO/COO at J.C. Flowers Asset Management and holding roles in JPMorgan Chase. He succeeds Jayme McWidener, who has been promoted to Chief Accounting Officer. CEO Joe Cammarata emphasized the strategic transformation underway at Investview, aiming for profitable growth. Valvano's leadership is anticipated to enhance the company's financial performance and shareholder value.
Investview, Inc. (OTCQB: INVU) reported outstanding financial results for May 2021, reflecting significant growth in its Bitcoin mining operations. The company achieved a gross revenue of $2.70 million, marking a substantial 749.7% increase year-over-year. Its gross profit soared to $2.03 million, a remarkable 918.9% rise compared to the same period last year, yielding a gross profit margin of 75.13%. Over the past 13 months, Investview mined 863.8 BTC and holds over 139.5 BTC as of May 31, 2021.
Investview, Inc. (OTCQB: INVU) announced a follow-on investment of $1 million in NDAU, the first adaptive digital currency, enhancing its blockchain holdings. The investment aims to support innovative DeFi projects and accelerate business growth. Investview also plans to pay a quarterly dividend of $0.81 per Preferred Series B share to shareholders of record as of June 30, 2021. Notably, it offers dividend payments in cash, Bitcoin, and NDAU to accommodate international shareholders. The annual dividend yield for preferred shares is 13%, escrowed from the $25 share price.