Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
gm lottos
gm lottos
gm lions
gm greenz
gm lottos
gm lions
ENMID .12 need a huge post split run here
gn lottos
gn lions
gn lottos
gn lions
gm greenz
gm lottos
gm lions
gn lottos
gn lions
LIGA .006
LIGA .006
No clue. Thats the risk you take holding but i dont mind taking the risk. All depends on what ones risk tolerance is whether or not to hold stop signs.
LIGA .0051 news
LIG Assets, Inc. Announces Closing of Bella Serra for $7,037,549 In All Cash Deal
Nashville, TN, Aug. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets, Inc. (LIGA) is extremely excited to announce that Bella Serra closed on August 13th and the funds have now posted to LIGA's Bank account.
This closing will provide the funds needed for LIGA to finally begin to build sustainable homes in partnership with Robert Plarr and David Oberele from Progeny Development.
LIG Assets President, Marvin Baker, said, “It is my pleasure to provide the following update on the exciting future and status of LIG Assets, but we will be keeping our projects close to the vest until there are pictures of actual work being done." Baker continued, "No more wishing, hoping, or praying for things to go right and/or relying on others to accomplish our goals."
This closing is truly a Landmark event for LIGA, and Management is ready to get to work putting these funds to use.
We plan to start finishing the projects that are currently in progress and new deals that will soon be announced, including;
Sustainable buildings and products.
Joint Ventures and Acquisitions that make sense from a revenue standpoint and play a role in the big picture at LIGA.
Livestore/Liveship partnership projects.
Teaming with the proper Talent to move our vision forward.
LIGA has had some of the biggest challenges any small developing company could ever face, including:
The IRS lien for $1.5 million that took over 18 months to defeat AND ended up with a $3 million tax loss carry forward.
LIGA had people associated with old management try to sabotage LIG Assets stock and thanks to the SEC, we saw 56 federal indictments filed against them.
Others did everything to block deals and cost the company hundreds of thousands in fees, interest, etc. ... and most of those relationships have been severed and the remaining are in the hands of our attorney for proper legal pursuit.
The Management team led by CEO Dakota Forgione, President Marvin Baker, and CFO Doug Vaughn have met head-on and conquered all those challenges that would have most likely devastated and ruined any other OTC company.
We are proud that LIG Assets survived and now will thrive in the world of sustainability and in the OTC.
And now, we have the financial strength to do it our way.
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments please check out LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at https://www.otcmarkets.com/stock/LIGA/overview.
Contact Information:
LIGA Shareholder/Investor inquiries can be directed to:
Marvin Baker
President – LIG Assets, Inc.
CEO – BGTV Direct Worldwide Media Solutions
Email: Marvin@BGTVDirect.com
www.BGTVDirect.com
www.LIGAHomes.com
833 – LIGAHOMES
https://www.globenewswire.com/newsroom/ti?nf=ODMxMjIzNSM0MzY3MTI2IzUwMDAzMjIyMw==
https://ml.globenewswire.com/media/YjQxN2EwMTctMzEwMS00NWE0LWIzMzgtMjFmNDljYjNkN2ExLTUwMDAzMjIyMw==/tiny/LIG-Assets-Inc-.png
Source: LIG Assets, Inc.
© 2021 GlobeNewswire, Inc.
LIGA .0051 news
LIG Assets, Inc. Announces Closing of Bella Serra for $7,037,549 In All Cash Deal
Nashville, TN, Aug. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets, Inc. (LIGA) is extremely excited to announce that Bella Serra closed on August 13th and the funds have now posted to LIGA's Bank account.
This closing will provide the funds needed for LIGA to finally begin to build sustainable homes in partnership with Robert Plarr and David Oberele from Progeny Development.
LIG Assets President, Marvin Baker, said, “It is my pleasure to provide the following update on the exciting future and status of LIG Assets, but we will be keeping our projects close to the vest until there are pictures of actual work being done." Baker continued, "No more wishing, hoping, or praying for things to go right and/or relying on others to accomplish our goals."
This closing is truly a Landmark event for LIGA, and Management is ready to get to work putting these funds to use.
We plan to start finishing the projects that are currently in progress and new deals that will soon be announced, including;
Sustainable buildings and products.
Joint Ventures and Acquisitions that make sense from a revenue standpoint and play a role in the big picture at LIGA.
Livestore/Liveship partnership projects.
Teaming with the proper Talent to move our vision forward.
LIGA has had some of the biggest challenges any small developing company could ever face, including:
The IRS lien for $1.5 million that took over 18 months to defeat AND ended up with a $3 million tax loss carry forward.
LIGA had people associated with old management try to sabotage LIG Assets stock and thanks to the SEC, we saw 56 federal indictments filed against them.
Others did everything to block deals and cost the company hundreds of thousands in fees, interest, etc. ... and most of those relationships have been severed and the remaining are in the hands of our attorney for proper legal pursuit.
The Management team led by CEO Dakota Forgione, President Marvin Baker, and CFO Doug Vaughn have met head-on and conquered all those challenges that would have most likely devastated and ruined any other OTC company.
We are proud that LIG Assets survived and now will thrive in the world of sustainability and in the OTC.
And now, we have the financial strength to do it our way.
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments please check out LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at https://www.otcmarkets.com/stock/LIGA/overview.
Contact Information:
LIGA Shareholder/Investor inquiries can be directed to:
Marvin Baker
President – LIG Assets, Inc.
CEO – BGTV Direct Worldwide Media Solutions
Email: Marvin@BGTVDirect.com
www.BGTVDirect.com
www.LIGAHomes.com
833 – LIGAHOMES
https://www.globenewswire.com/newsroom/ti?nf=ODMxMjIzNSM0MzY3MTI2IzUwMDAzMjIyMw==
https://ml.globenewswire.com/media/YjQxN2EwMTctMzEwMS00NWE0LWIzMzgtMjFmNDljYjNkN2ExLTUwMDAzMjIyMw==/tiny/LIG-Assets-Inc-.png
Source: LIG Assets, Inc.
© 2021 GlobeNewswire, Inc.
gm lottos
gm lions
gn lottos
gn greenz
gn lions
LIGA .005
LIGA .005
LIGA .0042 News
LIG Assets, Inc. Announces Pink Current Status and Appointment of Marvin Baker as Chairman of The Board
Nashville, TN, Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets is proud to update its loyal shareholder base with the fact that LIGA has returned to PINK CURRENT status with OTC Markets. https://www.otcmarkets.com/stock/LIGA/overview. In addition, we recently filed our 2nd Quarter report as part of that process.
https://backend.otcmarkets.com/otcapi/company/financial-report/296608/content
The board at LIGA would also like to announce that due to the inability of Aric Simons to devote the necessary time and energy to LIGA at this critical time in the company's history that Aric Simons is hereby removed from the board of directors and no longer holds ANY position with LIG Assets, Inc.
LIGA's board is very proud to vote Marvin Baker in as the new Chairman of the Board at LIG Assets to add to his current role of President.
Mr. Baker stated, "As President of LIG Assets, I am excited to take on the role as Chairman of the Board and understand the concerns of shareholders about increasing the company's revenues and assets with our current plans. It's an exciting time in the company's history, and I look forward to dedicating my time to moving this company forward."
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments, please check out LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at https://www.otcmarkets.com/stock/LIGA/overview.
Contact Information:
LIGA Shareholder/Investor inquiries can be directed to:
Marvin Baker
President – LIG Assets, Inc.
CEO – BGTV Direct Worldwide Media Solutions
Email: Marvin@BGTVDirect.com
www.BGTVDirect.com
www.LIGAHomes.com
833 – LIGAHOMES
https://www.globenewswire.com/newsroom/ti?nf=ODMxMTQ4MiM0MzY1MDU2IzUwMDAzMjIyMw==
https://ml.globenewswire.com/media/MTAzODcxZTgtOTFkZC00MTFiLWI1MWMtZmUwM2ZkYzlmYzc4LTUwMDAzMjIyMw==/tiny/LIG-Assets-Inc-.png
Source: LIG Assets, Inc.
LIGA .0042 News
LIG Assets, Inc. Announces Pink Current Status and Appointment of Marvin Baker as Chairman of The Board
Nashville, TN, Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets is proud to update its loyal shareholder base with the fact that LIGA has returned to PINK CURRENT status with OTC Markets. https://www.otcmarkets.com/stock/LIGA/overview. In addition, we recently filed our 2nd Quarter report as part of that process.
https://backend.otcmarkets.com/otcapi/company/financial-report/296608/content
The board at LIGA would also like to announce that due to the inability of Aric Simons to devote the necessary time and energy to LIGA at this critical time in the company's history that Aric Simons is hereby removed from the board of directors and no longer holds ANY position with LIG Assets, Inc.
LIGA's board is very proud to vote Marvin Baker in as the new Chairman of the Board at LIG Assets to add to his current role of President.
Mr. Baker stated, "As President of LIG Assets, I am excited to take on the role as Chairman of the Board and understand the concerns of shareholders about increasing the company's revenues and assets with our current plans. It's an exciting time in the company's history, and I look forward to dedicating my time to moving this company forward."
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments, please check out LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at https://www.otcmarkets.com/stock/LIGA/overview.
Contact Information:
LIGA Shareholder/Investor inquiries can be directed to:
Marvin Baker
President – LIG Assets, Inc.
CEO – BGTV Direct Worldwide Media Solutions
Email: Marvin@BGTVDirect.com
www.BGTVDirect.com
www.LIGAHomes.com
833 – LIGAHOMES
https://www.globenewswire.com/newsroom/ti?nf=ODMxMTQ4MiM0MzY1MDU2IzUwMDAzMjIyMw==
https://ml.globenewswire.com/media/MTAzODcxZTgtOTFkZC00MTFiLWI1MWMtZmUwM2ZkYzlmYzc4LTUwMDAzMjIyMw==/tiny/LIG-Assets-Inc-.png
Source: LIG Assets, Inc.
gn lottos
gn lions
gm lottos
gm lions
NECA news
Third Bench CEO Letter to Shareholders
NEW YORK, NY / ACCESSWIRE / August 17, 2021 / New America Energy Corp. (OTC PINK:NECA), CEO David Fair is pleased to address all shareholders on the progress, outlook and overall vision for the Company including name to be changed to "Third Bench", revenue growth by 2022, reviewing PCAOB firms for audits and uplisting to a larger exchange.
https://www.accesswire.com/users/newswire/images/660043/image.png
Third Bench was formed in 2019, with a goal of consolidating fragmented sectors of the construction industry to become a leading national provider of cabinetry and related products.
Since our initial strategic acquisition of an Albuquerque-based millwork, we have acquired two additional targets in the cabinetry sector with complementary countertops operations throughout the Southwestern United States.
Since the 2008 financial crisis, the United States has had a long-term delay in the new home and commercial construction. Our initial strategy was driven by economic indicators that key markets have been experiencing long-term historical lows of housing inventory. While the COVID-19 virus did have a short-term negative impact on our operations, the virus has exposed the nationwide housing inventory crisis which has spurred an unpreceded construction demand across markets where Third Bench operates, which includes Arizona, New Mexico, and Texas. All economic indicators support long-term demand in Third Bench markets for cabinetry, countertops, and millwork.
Our strategy is to acquire and grow complementary acquisitions with a specific focus on the residential sector in high-growth regions throughout the Southwestern and Southern United States. We believe that this industry is suitable for consolidation as many high-quality businesses have owners who are at retirement age with limited exit opportunities. We plan to make several additional acquisitions over the next several years.
We are currently pursuing several strong acquisitions targets that will be highly accretive to Third Bench and drastically increase our revenue. Each target we pursue provides us with an opportunity to reduce expenses by centralizing existing functions, cross-sell our products into a new market, and/or provides Third Bench with a new product to be sold into our existing sales channels.
We believe with our current pipeline of acquisition targets and the robust housing market that Third Bench can achieve revenues north of $50 million by 2022 and become the dominant cabinet supplier in the Southwestern United States.
As part of our long-term strategy, we believe that there is an opportunity to further leverage technology throughout all levels of the organization. From design to production, we see an opportunity to improve the efficiency of production, increase design accuracy, and enhance the customer experience. In an industry that has been slow to adopt technology, we believe that this strategy can set Third Bench apart from our competitors.
In addition, we have placed a priority on consolidating our accounting functions at the corporate level to ensure that we can generate regular financial reporting in the near future. We are currently reviewing accounting and auditing firms to prepare Third Bench to become fully reporting and complete a PCAOB audit with the intention of eventually uplisting to a larger exchange.
About Third Bench Holdings, LLC
THIRD BENCH Holdings is a holding company for three subsidiary companies operating as an architectural millwork and dealers in the cabinetry, kitchen and bath areas. THIRD BENCH, through its subsidiary companies offer products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. THIRD BENCH also provides installation services as a part of its vertical offering. The company provides its products and services through its architectural millwork and retail facilities, currently located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona. Third Bench employs over 140 people and had revenue in excess of $18.8 million in 2020. Third Bench is on a run rate of over $24.0 million for 2021 and is cash flow positive. These projections have been provided by management and do not include the additional acquisitions that are currently under review.
Third Bench Holdings
175 S. Main Street #1410
Salt Lake City, UT 84111
https://thirdbench.com/
About New America Energy Corp.
New America Energy Corp. (NECA) is a holding company focused on strategic acquisitions that are opportunistic, cash-flow positive with hard assets.
NECA Contact:
Jeffrey M. Canouse
770-235-6053
jeff@necaholdings.com
jeffcanouse@gmail.com
https://twitter.com/necaholdings
NOTICE REGARDING FORWARD LOOKING STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words 'believes,' 'expects,' 'anticipate' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.
SOURCE: New America Energy Corp.
View source version on accesswire.com:
https://www.accesswire.com/660043/Third-Bench-CEO-Letter-to-Shareholders
© Copyright 2021 ACCESSWIRE. All Rights Reserved.
gn lottos
gn lions
BYOC .0014 News
Beyond Commerce Reports 43% Increase in Revenue for its Q2 2021
LAS VEGAS, NV / ACCESSWIRE / August 16, 2021 / Beyond Commerce, Inc. (OTC Pink:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, today announced the Company's financial results for the second quarter ended June 30, 2021 ("Q2 2021").
Key Financial Highlights for Q2 2021 (compared with Q2 2020)
Revenue increased 43% to $1.1 million
Gross profit increased 46% to $0.8 million
Gross margin increased to 69.5% from 68.3%
Management Commentary
Geordan Pursglove, Beyond Commerce's Chief Executive Officer, stated, "Many of our Service 800 clients took the time during the pandemic to begin strategic planning with us to grow their business with us through renewals, expansion, and developing better ways to grow our programs with each and every one of them for the future. Renewals have been strong during the last six months and we anticipate revenue getting back in line with exceeding our expectations as we progress further into the year."
Pursglove, concluded, "The pandemic helped our customers recognize the value that Service 800 brings to its clients in the form of providing valuable information to not only help their growth within their own companies, but also help them be better providers to their customers as well. We continue to look forward to growth into each division of our clients. We value these customers and seek to achieve positive growth we have set for the remainder of the year and moving onwards for future years to come."
Financial Results for the Three Months Ended June 30, 2021 :
Revenue: For the three months ended June 30, 2021, revenue was $1.1 million, an increase of $0.3 million, or 43%, compared with $0.8 million for the three months ended June 30, 2020.
Gross Profit: For the three months ended June 30, 2021, gross profit was $0.8 million, an increase of $0.2 million, or 46%, compared with $0.5 million for the three months ended June 30, 2020. The resulting gross margin was 69.5%, compared with 68.3% for the same quarter last year.
Total Operating Expenses: For the three months ended June 30, 2021, total operating expenses were $2.0 million, an increase of $0.5 million, or 31%, compared with $1.5 million for the same quarter last year. Operating expenses as a percentage of revenue decreased to 176% from 193% for the quarter just ended, reflecting the Company's focus on increasing revenue, reducing expenses, and performing more efficiently. Management believes this ratio will decrease going forward as revenues continue to grow at a higher rate than operating expenses.
Operating Loss: For the three months ended June 30, 2021, operating loss was $0.9 million, an increase of $0.1 million, compared with an operating loss of $0.7 million for the same quarter last year.
Net Loss: For the three months ended June 30, 2021, net loss was $1.1 million, or $0.00 per share, compared with a net loss of $2.1 million, or a net loss of $0.00 per share, for the three months ended June 30, 2020. Of note, net loss for the three months ended June 30, 2021 included $0.3 million gain on cancellation of liabilities.
Cash: Cash and cash equivalents totaled $0.5 million as of June 30, 2021.
Financial Results for the Six Months Ended June 30, 2021 :
Revenue: For the six months ended June 30, 2021, revenue was $2.2 million, an increase of $0.2 million, or 10%, compared with $2.0 million for the same period last year.
Gross Profit: For the six months ended June 30, 2021, gross profit was $1.5 million, an increase of $0.2 million, or 11%, compared with $1.4 million for the same period last year. The resulting gross margin was 67.7%, compared with 67.0% for the same period last year.
Total Operating Expenses: For the six months ended June 30, 2021, total operating expenses were $3.6 million, an increase of $0.3 million, compared with $3.3 million for the same period last year. Operating expenses as a percentage of revenue decreased to 161% from 162% for the periods compared.
Operating Loss: For the six months ended June 30, 2021, operating loss was $1.4 million, an increase of $0.1 million, compared with an operating loss of $1.3 million for the same period last year.
Net Loss: For the six months ended June 30, 2021, net loss was $7.3 million, or $0.00 per share, compared with $2.6 million, or $0.00 per share, for the same period last year. Of note, net loss for the three months ended June 30, 2021 included $4.0 million loss on extinguishment of debt.
The Company filed its Form 10-Q on August 12, 2021.
Click here https://www.sec.gov/ix?doc=/Archives/edgar/data/1386049/000109690621001956/byoc-20210630.htm to view.
About Beyond Commerce, Inc.
Beyond Commerce, Inc. (OTC Pink:BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com and https://www.service800.com and
Twitter: @incbyoc
Facebook: fb.me/incbyoc
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.
Contact Information:
investors@beyondcommerceinc.com
p702-675-8022
ClearThink
nyc@clearthink.capital
SOURCE: Beyond Commerce, Inc.
View source version on accesswire.com:
https://www.accesswire.com/659854/Beyond-Commerce-Reports-43-Increase-in-Revenue-for-its-Q2-2021
© Copyright 2021 ACCESSWIRE. All Rights Reserved.
BYOC .0014 News
Beyond Commerce Reports 43% Increase in Revenue for its Q2 2021
LAS VEGAS, NV / ACCESSWIRE / August 16, 2021 / Beyond Commerce, Inc. (OTC Pink:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, today announced the Company's financial results for the second quarter ended June 30, 2021 ("Q2 2021").
Key Financial Highlights for Q2 2021 (compared with Q2 2020)
Revenue increased 43% to $1.1 million
Gross profit increased 46% to $0.8 million
Gross margin increased to 69.5% from 68.3%
Management Commentary
Geordan Pursglove, Beyond Commerce's Chief Executive Officer, stated, "Many of our Service 800 clients took the time during the pandemic to begin strategic planning with us to grow their business with us through renewals, expansion, and developing better ways to grow our programs with each and every one of them for the future. Renewals have been strong during the last six months and we anticipate revenue getting back in line with exceeding our expectations as we progress further into the year."
Pursglove, concluded, "The pandemic helped our customers recognize the value that Service 800 brings to its clients in the form of providing valuable information to not only help their growth within their own companies, but also help them be better providers to their customers as well. We continue to look forward to growth into each division of our clients. We value these customers and seek to achieve positive growth we have set for the remainder of the year and moving onwards for future years to come."
Financial Results for the Three Months Ended June 30, 2021 :
Revenue: For the three months ended June 30, 2021, revenue was $1.1 million, an increase of $0.3 million, or 43%, compared with $0.8 million for the three months ended June 30, 2020.
Gross Profit: For the three months ended June 30, 2021, gross profit was $0.8 million, an increase of $0.2 million, or 46%, compared with $0.5 million for the three months ended June 30, 2020. The resulting gross margin was 69.5%, compared with 68.3% for the same quarter last year.
Total Operating Expenses: For the three months ended June 30, 2021, total operating expenses were $2.0 million, an increase of $0.5 million, or 31%, compared with $1.5 million for the same quarter last year. Operating expenses as a percentage of revenue decreased to 176% from 193% for the quarter just ended, reflecting the Company's focus on increasing revenue, reducing expenses, and performing more efficiently. Management believes this ratio will decrease going forward as revenues continue to grow at a higher rate than operating expenses.
Operating Loss: For the three months ended June 30, 2021, operating loss was $0.9 million, an increase of $0.1 million, compared with an operating loss of $0.7 million for the same quarter last year.
Net Loss: For the three months ended June 30, 2021, net loss was $1.1 million, or $0.00 per share, compared with a net loss of $2.1 million, or a net loss of $0.00 per share, for the three months ended June 30, 2020. Of note, net loss for the three months ended June 30, 2021 included $0.3 million gain on cancellation of liabilities.
Cash: Cash and cash equivalents totaled $0.5 million as of June 30, 2021.
Financial Results for the Six Months Ended June 30, 2021 :
Revenue: For the six months ended June 30, 2021, revenue was $2.2 million, an increase of $0.2 million, or 10%, compared with $2.0 million for the same period last year.
Gross Profit: For the six months ended June 30, 2021, gross profit was $1.5 million, an increase of $0.2 million, or 11%, compared with $1.4 million for the same period last year. The resulting gross margin was 67.7%, compared with 67.0% for the same period last year.
Total Operating Expenses: For the six months ended June 30, 2021, total operating expenses were $3.6 million, an increase of $0.3 million, compared with $3.3 million for the same period last year. Operating expenses as a percentage of revenue decreased to 161% from 162% for the periods compared.
Operating Loss: For the six months ended June 30, 2021, operating loss was $1.4 million, an increase of $0.1 million, compared with an operating loss of $1.3 million for the same period last year.
Net Loss: For the six months ended June 30, 2021, net loss was $7.3 million, or $0.00 per share, compared with $2.6 million, or $0.00 per share, for the same period last year. Of note, net loss for the three months ended June 30, 2021 included $4.0 million loss on extinguishment of debt.
The Company filed its Form 10-Q on August 12, 2021.
Click here https://www.sec.gov/ix?doc=/Archives/edgar/data/1386049/000109690621001956/byoc-20210630.htm to view.
About Beyond Commerce, Inc.
Beyond Commerce, Inc. (OTC Pink:BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com and https://www.service800.com and
Twitter: @incbyoc
Facebook: fb.me/incbyoc
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.
Contact Information:
investors@beyondcommerceinc.com
p702-675-8022
ClearThink
nyc@clearthink.capital
SOURCE: Beyond Commerce, Inc.
View source version on accesswire.com:
https://www.accesswire.com/659854/Beyond-Commerce-Reports-43-Increase-in-Revenue-for-its-Q2-2021
© Copyright 2021 ACCESSWIRE. All Rights Reserved.