Investview Inc. Common Stock (OTCMKTS: INVU), the diversified financial technology company, announced a record-breaking financial report after closing Q1-FY 2022. The company displayed exceptional skill in net income and quarterly gross revenue metrics.
Financial metrics at a glance
The company’s gross revenue for the Q1 fiscal 2022, which ended on June 30, 2021 is reported at $35.8 million. This indicates an increase of 506%, or $29.9 million, compared with the same period from a year before. The company has also reported a record net revenue that came out at $25.6 million, reflecting a 358%, or $20.0 million increase compared with the previous year. In addition, the company’s net income came in at $8.8 million for the reported quarter, representing an increase of 279% or $13.7 million on a year-over-year basis.
The company said that its net income and gross revenue have nearly tripled in Q1-2022 with significant growth on a year-over-year basis. In addition, its operation net income has gone up, while Investview Inc. has reported an all-time-high quarterly revenue. The company is attributing its business momentum to subscription growth from iGenius, which is the company’s global distribution network that facilitates research, content, education tools, services, and financial technologies.
Additionally, the company’s business segment has become healthier than before, and its quarterly gross revenue for the period ending June 30, 2021, has been 501% up when seeing against the previous year.
Investview Inc. has gone beyond subscriptions, which is a critical factor that’s driving its growth. The products now also include NDAU, which is seen as the first adaptive digital currency of the world. The company focuses on profitability expansion, diversification, and revenue growth in H2-2021. Strong demand for its products is driving the growth for Investview.