Investview Stock Price, News & Analysis

Investview, Inc. (OTCQB: INVU) announced a delay in filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2021. This delay is due to the new management team requiring additional time to ensure accurate financial disclosures. Chairman David B. Rothrock expressed confidence in the new team's ability to address current challenges and improve the business model, which could provide long-term shareholder value. The company operates within financial technology, focusing on education, digital assets, and brokerage services.

Victor M. Oviedo has been appointed as the new CEO of Investview, as announced on February 23, 2022. Alongside Oviedo, Jim Bell will take on the roles of President and Acting COO, while Myles Gill becomes Director of Operations. Oviedo, a seasoned executive with experience at StageLight Group and SkyBridge Capital, aims to enhance the company’s growth. The management restructuring aligns with the company’s strategy to unlock shareholder value. Investview focuses on financial education and cryptocurrency technology, particularly Bitcoin mining.

Investview, Inc. (OTCQB: INVU) reported a gross revenue of $1.8 million for December 2021, marking a 3% increase year-over-year, while gross profit surged by 37% to $1.3 million, yielding a 72% gross profit margin. Over a 20-month period, the company mined 1,236.41 BTC. Plans are in place to enhance mining capacity with new Bitmain T19 miners and additional mining servers. Furthermore, Investview holds over 17.63 BTC and 75,614.89 NDAU. The company is also set to deploy a mobile Bitcoin mining trailer, increasing operational flexibility.

Investview reported significant growth in November 2021, with gross revenue of $10.2 million, up 247% year-over-year, and operating income soaring to $3.4 million, a 426% increase. The net revenue reached $9.5 million (+230%), despite a net income decline of 4% to $3.6 million. Key drivers included the iGenius Subscription segment generating $7.6 million in revenue (+407%) and Bitcoin mining profits of $2.1 million (+46%). Cash reserves stood strong at $32.5 million.

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.