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Gopher Protocol Reports over $4 million in Revenue in 3rd Quarter Financials

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Marketwired
MarketwiredNovember 21, 2017
ATLANTA, GA--(Marketwired - Nov 21, 2017) - Gopher Protocol Inc. ( OTCQB : GOPH ) ("Gopher" and the "Company"), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, proudly announces the release of its 3rd quarter financials on November 20, 2017.

In the first filing following the acquisition and creation of Ugopherservices, the Company reported earnings for the three months ended September 30, 2017 of $4,471,626 compared to $45,000 for the three months ended September 30, 2016. In addition, the Company's total liabilities and stockholder's equity rose from $18,543 for the period ended December 31, 2016 (audited) to $9,380,486 for the period ended September 30, 2017.

Gopher CEO Greg Bauer commented, "We have made significant progress since the acquisition, as evidenced by our filing, and I look forward to our future development."

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