Welcome to our dedicated page for Investview news (Ticker: INVUP), a resource for investors and traders seeking the latest updates and insights on Investview stock.
INVESTVIEW INC PFD SER B (INVUP) is a preferred stock series issued by Investview, Inc., a Nevada-based diversified financial technology (FinTech) services company. The news flow associated with INVUP is driven by Investview’s operating performance, strategic initiatives, regulatory developments, and segment-level updates across its financial education, blockchain mining, wellness manufacturing, and early-stage brokerage businesses.
Investview’s news releases frequently cover results and operational highlights for its Financial Education and Technology segment, including the iGenius business unit, which delivers financial education, digital asset-related tools, and consumer products through a network of independent distributors. Updates may include commentary on revenue trends, membership dynamics, product and training initiatives, and leadership developments within the iGenius community.
Another recurring theme in Investview news is its Blockchain Technology and Crypto Mining Products and Services segment, often referred to as SAFETek. Company reports describe Bitcoin production levels, the impact of Bitcoin halving events, changes in network difficulty, energy curtailments, and steps taken to retire older mining hardware, deploy newer ASIC miners, and manage hash costs.
News items also address the company’s expansion into health, beauty and wellness products through its acquisition of Renu Laboratories, Inc. and the development of the myLife Wellness brand. These updates describe contract manufacturing activities, investments in equipment and production technology, and plans to distribute wellness products through both retail and wholesale channels, including collaboration with the iGenius network.
In the financial services area, Investview issues updates on the development of Opencash Securities LLC and the planned Opencash and OpencashPro trading platforms, including milestones related to platform buildout, regulatory readiness, and intended product features such as low-cost, commission-free trading in stocks, ETFs, and options.
Regulatory and legal developments are also covered in Investview’s news and filings, including the settlement of an SEC inquiry related to the Apex Program and the Polish UOKiK decision regarding iGenius operations in Poland. These items provide context on compliance, potential fines, and operational adjustments that may affect the issuer behind INVUP.
By following the news associated with Investview, investors tracking INVUP can monitor segment performance, strategic acquisitions, share repurchase programs, regulatory matters, and the evolution of the company’s multi-segment FinTech and wellness ecosystem.
Investview, Inc. (OTCQB: INVU) announced a settlement with the U.S. Securities and Exchange Commission (SEC) regarding an inquiry into its Apex Program, which involved the sale/leaseback of high-performance server equipment for bitcoin mining from July 2019 to June 2020. The SEC found that these were unregistered investment contracts, violating Sections 5(a) and 5(c) of the Securities Act of 1933. The company agreed to a $375,000 penalty and to cease further violations. Investview neither admitted nor denied the SEC's findings.
President James R. Bell highlighted proactive steps taken by current management, including winding down the Apex Program and returning invested capital with a premium to customers by December 2024. CEO Victor Oviedo emphasized the importance of resolving the matter to focus on growth initiatives and noted the company's full cooperation with the SEC and commitment to ethical standards.
Investview (OTCQB: INVU) reported Q3 2024 financial results showing decreased revenue but improved cash position. Gross revenue declined 39.1% to $12.6M, while net revenue decreased 38.7% to $11.7M compared to Q3 2023. The company reported a net loss of $0.7M, including a $977K non-cash impairment charge on mining equipment. Despite revenue challenges, cash position strengthened to $24.5M, up 16.9% from December 2023. The company announced plans to launch Opencash brokerage business in H1 2025 and expand into health and wellness through myLife Wellness Company and Renu Laboratories acquisition.
Investview (OTCQB: INVU) has acquired Renu Laboratories, a manufacturer of health, beauty and wellness products. The acquisition will launch a new health and wellness business unit called myLife Wellness, operating through a B2C direct-to-consumer model. Renu Labs brings proprietary products including advanced peptide serums and operates as an FDA-registered, cGMP-compliant facility. The merger is expected to be revenue accretive by Q4 2024-Q1 2025, leveraging Investview's existing network of over 15,000 global customers and members. The company aims to expand product offerings and enhance customer retention through its iGenius global network.
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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