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) 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.
Investview, Inc. (OTCQB: INVU) reported substantial financial growth for April 2021, achieving record net revenue of $10 million, a 392% year-over-year increase. The company's gross revenue reached $14.8 million, marking a 598% rise from the previous year. Net income surged to $4.3 million, up 426% year-over-year. Income from operations also saw an impressive growth of 1,332% to $4.5 million. Notably, Bitcoin mining contributed $3.6 million to gross revenues. As of April 30, 2021, digital currency holdings totaled $7.7 million.
Investview has announced the acquisition of LevelX Capital, LevelX Advisors, and the Prodigio RTS Trading Platform to expand its presence in the online brokerage sector. This strategic move aims to cater to a growing base of active investors and professionals seeking advanced trading tools. The total transaction is expected to close by the end of Q3 2021, contingent upon regulatory approvals. This merger is anticipated to enhance Investview's operational scale and service capabilities, ultimately driving significant revenue growth and improving customer retention.
Investview (OTCQB: INVU) announced that shareholders representing over 46% of its outstanding shares have entered lock-up agreements, showing strong confidence from insiders and key shareholders. The agreements restrict selling on these shares until April 2022, with the remainder until 2025. CEO Joe Cammarata emphasized the commitment to long-term growth and innovation in the fintech and blockchain sectors. Additionally, a live shareholder webinar is scheduled for May 11, 2021, to discuss company achievements and future plans.
Investview (OTCQB: INVU) reported a record Bitcoin mining revenue of $3.43 million for April 2021, marking a 10.6% increase from March's $3.1 million and a 23.8% increase from January's $2.77 million. The company's gross profit margin rose from 65.3% in January to 81.9% in April, reflecting a 16.6 percentage point increase. Over four months, gross profits increased 55.2% to an estimated $2.8 million in April. Investview holds $8 million in Bitcoin and NDAU currency as of April 30, 2021.
Investview Inc. (OTCQB: INVU) has announced a preliminary Schedule 14C, allowing its Board to execute a reverse stock split of up to 1 for 20 in conjunction with an anticipated uplisting to Nasdaq. This decision follows positive financial results from their FINTECH initiatives. CEO Joseph Cammarata emphasized the importance of this measure for future capital structure adjustments. The company meets Nasdaq's qualifications based on strong sales and earnings, paving the way for the uplist and enhancing its market presence.