iGenius
Search documents
Investview, Inc. (“INVU”) Reports Financial Results, Current Operational and Financial Highlights for the Third Quarter Ended September 30, 2025
Globenewswire· 2025-11-13 19:40
Core Insights - Investview, Inc. reported its financial results for Q3 2025, highlighting operational progress and strategic initiatives across its diversified business units [1] Financial Performance - Gross Revenue decreased by 24.3% to $9.5 million for Q3 2025 compared to $12.6 million in Q3 2024 [5] - Net Revenue fell by 22.9% to $9.1 million for Q3 2025 from $11.7 million in the same period last year [5] - For the nine months ended September 30, 2025, Gross Revenue decreased by 28.7% to $30.6 million from $42.9 million in the prior year [5] - Net loss from operations was $1.0 million for Q3 2025, compared to a net loss of $0.7 million in Q3 2024 [5] - Cash and cash equivalents decreased by 32.9% to $15.1 million as of September 30, 2025, primarily due to cash used in operations and share repurchases [4] Business Segments Financial Education and Technology Segment - iGenius reported net revenue of $7.1 million for Q3 2025, down from $11.2 million in Q3 2024, attributed to a decline in membership due to macroeconomic trends [7] - The company is implementing initiatives to expand its sales network and diversify product offerings, including new product launches and enhanced training programs [7] Blockchain Technology and Crypto Mining - SAFETek reported net revenue of $0.92 million in Q3 2025, an increase from $0.57 million in Q3 2024, driven by rising Bitcoin prices [8] - Despite a 21.72% increase in mining difficulty, SAFETek produced 7.87 Bitcoin, benefiting from reduced power costs [9][10] - The segment is positioned for growth with over 1,500 mining machines ready for deployment [13] Health, Beauty, and Wellness Products - Renu Laboratories reported net revenue of $1.1 million in Q3 2025, with ongoing investments improving production capabilities [14][15] - The myLife Wellness division is set for commercial launch in Q4 2025, focusing on health and wellness products [17] Financial Services Initiatives - The Opencash app, a mobile trading platform, is on track for launch in Q4 2025, aimed at providing low-cost, commission-free trading [19][20] - The app will leverage partnerships to enhance market reach and revenue opportunities [22] Share Repurchase Program - The company has repurchased over 10.2 million shares at an average price of $0.0179, representing a 40.3% discount to market value [6]
Investview, Inc. (“INVU”) Reports Financial Results, Current Operational and Financial Highlights for the Third Quarter Ended September 30, 2025
Globenewswire· 2025-11-13 19:40
Core Insights - Investview, Inc. reported its financial results for Q3 2025, highlighting operational progress and strategic initiatives across its diversified business units [1] Financial Performance - Gross Revenue decreased by 24.3% to $9.5 million for Q3 2025 compared to $12.6 million in Q3 2024 [5] - Net Revenue fell by 22.9% to $9.1 million for Q3 2025 from $11.7 million in the same period last year [5] - For the nine months ended September 30, 2025, Gross Revenue decreased by 28.7% to $30.6 million from $42.9 million in the prior year [5] - Net Revenue for the nine months decreased by 28.2% to $29.1 million from $40.5 million in the comparable prior year period [5] - The company reported a net loss from operations of $1.0 million for Q3 2025, compared to a net loss of $0.7 million in Q3 2024 [5] Cash Flow and Balance Sheet - Cash and cash equivalents decreased by 32.9% to $15.1 million as of September 30, 2025, down from $22.5 million at the end of 2024 [4] - Net cash used in operating activities was $3.1 million for the nine months ended September 30, 2025, compared to net cash provided of $13.0 million in the prior year [5] - Total assets decreased by 12.9% to $27.5 million, while total liabilities decreased by 24.6% to $10.8 million [12] Share Repurchase Program - The company has repurchased over 10.2 million shares at an average price of $0.0179 per share, representing a 40.3% discount to the market value [6] - The total number of common shares outstanding has been reduced by 0.55% to 1,848,994,024 shares as of November 7, 2025 [6] Business Segments Performance - The Financial Education and Technology Segment reported net revenue of $7.1 million for Q3 2025, down from $11.2 million in Q3 2024, attributed to a decrease in membership [7] - The Blockchain Technology and Crypto Mining Segment, SAFETek, reported net revenue of $0.92 million in Q3 2025, an increase from $0.57 million in Q3 2024, driven by rising Bitcoin prices [8] - Renu Laboratories, focusing on health and wellness products, reported $1.1 million in net revenue for Q3 2025, with ongoing investments improving production efficiency [14] Strategic Initiatives - The company is set to launch the myLife Wellness division, expanding its health and wellness product offerings, with a commercial launch planned for Q4 2025 [17] - The Opencash app, a mobile trading platform, is on track for launch in Q4 2025, aimed at providing low-cost, commission-free trading [19][20] - A recent investment of $1.25 million in an early-stage nuclear energy enterprise aligns with the company's long-term growth strategy in emerging sectors [24]
Investview, Inc. (“INVU”) Reports Financial Results and Current Operational and Financial Highlights for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-14 20:24
Core Insights - Investview, Inc. reported its first quarter 2025 financial results, highlighting operational progress and strategic initiatives across its diversified business segments [1] Financial Performance - iGenius net revenue for Q1 2025 was $8.8 million, a decrease of $4.2 million or 32.5% compared to Q1 2024, attributed to shifts in consumer behavior post-COVID-19 and macroeconomic headwinds [4] - Gross Revenue decreased by 35.3% to $10.7 million in Q1 2025 from $16.5 million in Q1 2024 [5] - Net Revenue fell by 36.0% to $10.0 million in Q1 2025 from $15.7 million in Q1 2024 [5] - Net cash used in operating activities was ($3.4) million in Q1 2025, compared to net cash provided of $4.8 million in Q1 2024 [5] - Cash and cash equivalents decreased by $5.0 million or 22.1% to $17.5 million as of March 31, 2025 [5] - Total assets decreased by $1.6 million or 5.2% to $29.9 million, while total liabilities decreased by $1.2 million or 8.7% to $13.1 million [5] Blockchain and Crypto Mining Segment - SAFETek net revenue in Q1 2025 was $0.9 million, a decrease of $1.8 million or 67.3% compared to the prior year, primarily due to the April 2024 Bitcoin halving event and increased mining difficulty [7] - SAFETek produced 9.12 Bitcoin in Q1 2025 despite challenges, leveraging reduced power costs from energy curtailment [8] - The segment executed strategic initiatives in 2024 to enhance operational efficiency, including retiring legacy hardware and deploying next-generation ASIC miners [9] Health, Beauty, and Wellness Segment - The acquisition of Renu Laboratories in October 2024 marked a strategic entry into the health, beauty, and wellness market [11] - Renu Labs generated $0.4 million in net revenue for Q1 2025, with revenues in Q2 2025 already exceeding Q1 results [12] - The company is focused on scaling manufacturing capacity and expanding its product portfolio [13] Financial Services Initiatives - The acquisition of Opencash Securities LLC in March 2024 aims to establish a mobile-first trading platform for retail investors [17] - Opencash is in the final stages of development, preparing for a commercial launch focused on low-cost, commission-free trading [18] - The platform will integrate with the MPower Prodigio trading engine to offer a seamless trading experience [19]
iGenius Launches One of the World's Largest Sovereign AI Data Centers Leveraging Vertiv Infrastructure, NVIDIA Accelerated Computing and Omniverse
Prnewswire· 2025-04-22 10:45
Core Insights - Vertiv has announced a collaboration with NVIDIA and iGenius to deploy Colosseum, a significant AI supercomputer, in Italy in 2025, aimed at transforming the digital landscape for regulated workloads [1][3][12] - Colosseum is designed to meet the needs of highly regulated industries such as finance and healthcare, combining computational power, energy efficiency, and data sovereignty [2][9] Group 1: Collaboration and Technology - The partnership between Vertiv and NVIDIA has led to the development of Colosseum, which utilizes NVIDIA's DGX SuperPOD technology and is strategically located in southern Italy [3][4] - Colosseum is engineered for efficiency, leveraging Vertiv's infrastructure management and NVIDIA's accelerated computing capabilities, marking a new era for mission-critical AI [4][10] Group 2: Infrastructure and Design - The modular and scalable design of Colosseum allows for rapid deployment of one of the fastest hyperscale AI supercomputers, supporting sovereign AI [5][6] - Vertiv's AI-ready prefabricated modular data center solution supports up to 132kW per rack initially, with scalability for future designs [10][11] Group 3: Innovation and Efficiency - The use of NVIDIA Omniverse technologies enables real-time collaboration and predictive modeling, significantly reducing design-to-deploy cycles from months to hours [7][8] - Colosseum serves as a template for scalable, repeatable sovereign AI factories, emphasizing the importance of secure and efficient data processing [12][13] Group 4: Company Backgrounds - Vertiv provides critical digital infrastructure solutions globally, addressing challenges in data centers and communication networks [15] - iGenius specializes in AI solutions for regulated industries, offering products like Unicorn and advanced language models tailored for mission-critical applications [16]