Kinetic Seas Incorporated (OTC:ECGR) Stock On Watchlist: But Why?

There had been a fair number of companies that had come into focus among investors on Thursday for one reason or another, and one of those was Kinetic Seas Incorporated (OTC:ECGR). The company made it to the news cycle yesterday after it announced that it had managed to sign its initial customer. However, that was not all.

Kinetic Seas also announced that it had generated revenues of $61,771 in the second fiscal quarter, and the revenues in the 6-month period stood at $72,325 to go along with a gross margin of 25%. In the second fiscal quarter, the gross margin had been 24.9%. In the news release, it was also noted that the commencement of revenue generation came at a great time for the company given the recent developments.

Among the highlights of the recent developments, Kinetic Seas announced that it had completed offerings to the tune of $850000 in order to finance the first phase of its business plan and for working capital purposes. Another major update was the completion of the construction of the data center with GPUs from NVIDIA. The company also launched a new AI toolkit for the healthcare industry that was compliant with HIPAA standards. Other significant developments included the establishment of a partnership with Oasis AI Learning for the expansion of Kinetic Seas’ educational and development program and partnerships with Concierge Medical Management and Reed Medical Group.

Edward Honour, the Chief Executive Officer of Kinetic Seas, spoke about the developments as well. He noted that the above-mentioned developments were crucial to the commitment of the company towards innovation, growth, and innovation in the AI space. He went on to note that Kinetic Seas was committed to the development of new services while fulfilling the AI-related needs of businesses at the same time.