ProBility Media Corp (OTCMKTS:PBYA) Stock Consolidates After The Recent Rally

Education company making the first online and hands on combined full-service training and career advancement brand, ProBility Media Corp (OTCMKTS:PBYA), announced financial results for financial year ending 2021 and 2020. The company has done restructuring since 2019 for removing non-performing divisions as well as excess corporate overhead. The firm is an industrial education and training technology firm headquartered in Florida.  

The firm has removed debt of $8.1 million in debt since 2018, lowering debt by over 56%.

ProBility has seen operating profit of $321,549 for 2020 vis-à-vis accumulated loss of over $12.9 million through April of 2018. The efforts removed run rate of over $12 million in annual operating losses.

The company started switch to virtual classes in late 2019 and the firm was prepared for handling surge of 500% attendance in virtual programs.  The digital push has allowed the firm to expand programs to more than 15 states in US.

Dana Jackson, Vice President of Sales and Marketing for North American Crane Bureau Group, said that its clients laud the credibility of NACB brand and is in process of starting new relationships with large Fortune 500 corporations.  Jackson said that the company is receiving inquiries from international partners in South America and Europe.

Juan Garcia, President of Disco Learning Media, said that 2022 will be a banner year as the firm expects to close in on a number of contracts that were almost done before covid-19. Garcia said that the firm will continue supporting ProBility’s additional subsidiaries.

Noah Davis, President and CFO of ProBility Media Corp said that the firm aims to be become leader in vocational digital education.