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Investview Inc (OTCMKTS:INVU) Stock On Radar After Q1 Earnings Update

Madison Hall , , , ,

Diversified financial technology company Investview Inc (OTCMKTS:INVU) mainly operates through its subsidiaries and through a global distribution network. The company was in focus this past Friday after it announced its financial results for the first fiscal quarter that had ended on March 31, 2023.

Trading Data

On Friday, INVU stock fell 2.52% to $0.0270 with more than 691.26K shares, compared to volume of 539.48K shares. The stock moved within a range of $0.0256 – 0.0290 after opening trade at $0.0285.

Investview, Inc. (“INVU”) Announces Financial Results for the First Quarter Ended March 31, 2023

The gross revenues for the quarter came in at $14.8 million and that reflected a drop of 22.5% year on year from the $19.1 million in gross revenues in the prior year period. The net revenues for the quarter stood at $13.6 million, which reflected  year on year drop of 23.6% from the net revenues of $17.7 million in the prior year period.

The net income generated from operations in the quarter was $0.4 million and that worked out to a significant drop of 90.8% year on year. In the prior year period, the net income from operations for Investview had been $4.3 million.

The company ended the quarter with net cash of $0.4 million and that reflected a year on year drop of 109.8% when compared to the net cash at the end of the prior year quarter. The cash and cash equivalents with the company at the end of the quarter stood at $19.2 million.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.