The cutting-edge technology company Dear Cashmere Holding Co. (OTC:DRCR), which is also known as Swifty Global, is involved in the creation of path-breaking solutions aimed at the sports betting sector. The company is focused on building value for its shareholders through faster innovation and better usability of the products that it offers. Dear Cashmere Holding currently boasts licenses in a number of jurisdictions, and that has allowed the company to be successful in marketing a strong group of offerings.
One of the products offered by the company in the group is its proprietary swipe betting sports prediction application. Other offerings include casino gambling and traditional sportsbook platforms. On April 9, Dear Cashmere Holding entered the news cycle after it announced that it had completed and published its annual return disclosure for the year 2023. It had also been made available on the OTC website.
The company reported revenues of $128,886,442 for the fiscal year, which was a record, and a net profit of $2,442,802. The strong performance from Dear Cashmere Holding was particularly impressive owing to the expenses and investments for the company related to product development and licensing throughout the course of the fiscal year.
One of the more important takeaways was the fact that the company had managed to deliver remarkable organic growth without taking up much debt, and shareholders currently hold equity to the tune of $5,473,198. The financial results for 2023 placed Dear Cashmere Holding in a strong position from which it could hope to continue to generate growth and expansion through the launch of its SaaS (software as a service) B2B gaming platform. Additionally, the company would also look into the establishment of partnerships in Ireland. At this point, the company is also awaiting licenses for other jurisdictions, and one of those is South Africa.
