Sports betting advisory company Winners Inc (OTCMKTS:WNRS), which operates through its subsidiaries, saw its stock come into considerable focus yesterday and ended up with gains of as much as 12.5% amidst significant action. The company is involved in providing analyses, research, content and data to sports betting enthusiasts through its subsidiary units VegasWinners and The Longshot Report.
Trading Data
On Tuesday, WNRS stock moved up 12.50% to $0.0045 with 146.71K shares, compared to its average volume 712.02K shares. The stock moved within a range of $0.0038 – 0.0045 after opening trade at $0.0040.
Winners, Inc. Report Month to Month Revenue Increase of over 58%
Yesterday, Winners Inc announced that its strong start to the College football and NFL season has continued. The revenues have gone by as much as 58% in the month of September 2022 from the previous month. More importantly, the company also noted that the revenues in October 2022 are also going to be higher than the figure in September 2022.
The company announced that it continued to add new customers and also renewing ones during the month of September owing to the innovative marketing techniques that it had used. In addition to that, it also noted that it had also provided high quality content, analyses and data to the users which may have had an impact on revenues as well.
The Chief Marketing Officer of Winners Inc, Brian Foy spoke about the performance as well. He noted that in addition to the two subscription services, the company was also pulling in revenues from selling one-off products through its website.
Key Quote
Brian Foy, CMO of Winners Inc. stated “We now have three sources bringing in revenue daily- our two subscription funnels and our website that offers one-off products. It is great to see sales come in from all three different revenue streams, and it will enable us to cross-promote products through our 17K database of leads we have generated through our marketing. Our two-month-old Vegas Winners funnel has confirmed the proof of concept. I couldn’t be more excited to ramp up ad spend for the rest of the year, enabling us to acquire new subscribers to close out the year and build momentum for 2023.”
Technical Data
WNRS stock is trading below the 20-Day and 50-Day Moving averages of $0.0044 and $0.0054 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0110.
