VSTR. Awesome pr, impressive results
Revenues of $1,013,612 vs. $111,171 , a year over year increase of 812%
Gross profit of $988,414 vs. $87,286 in fiscal 2018, an increase of 1032%
Net income of $582,880 vs. fiscal 2018 income of $131,129 , an increase of 345%
42% reduction in shareholder deficit
BOSTON, MA , Aug. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- ValueSetters, Inc. (OTC:VSTR) announced net income of $582,880 for fiscal 2019 on revenues of $1,013,612 . Revenues increased by 812% over the previous year, while net income grew by 345%. The company reported a gross profit margin of 98%.
This was a strong year for ValueSetters , and we achieved many significant milestones, said Cecilia Lenk , CEO. We generated revenues in excess of $1 million , achieved profitability, and sustained positive operating cash flow for each of the previous four quarters. In addition, we expanded our consulting practice, with the launch of three new verticals: impact investing, logistics technology, and economic development.
I could not be more proud of the ValueSetters team, added Ms. Lenk . Each team member played a critical role, and we look forward to building on this success in the future
It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.
