Sanwire Corporation (OTCMKTS:SNWR) Stock Jumps 10% After Q1 Earnings
On May 25 the entertainment technology firm Sanwire Corporation (OTCMKTS:SNWR) and Intercept Music, its fully owned subsidiary unit which provides an artist focussed platform, made a joint announcement. It was announced that the performance in the first fiscal quarter of 2023 had shown remarkable growth and reinforced the company’s commitment towards empowering labels and artists.
Trading Data
On Friday, SNWR stock increased 10% to $0.0022 with 50K shares, compared to volume of 138.23K shares. The stock moved within a range of $0.0022 – 0.0022 after opening trade at $0.0022.
Sanwire Corporation Announces Impressive First Quarter 2023 Results
Tod Turner, the Chief Executive Officer of the company, noted that the total sales in the first quarter had gone up by as much as 58% year on year. He went on to add that the growth had been brought about by the continuous efforts from the company to move into new markets and for providing ever improving services to labels as well as artists.
Turner stated that the company had launched as many as 26 new services in the English language and 18 more in Spanish for the Latin American partners. The new launches allowed Sanwire to cater to the specific needs of its customers in a much better way. The knowledge that had been gathered by the company over the previous year had been leveraged for the purpose of developing a structured and consistent approach.
