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Upstryve Inc (OTCMKTS:PBYA) Releases Q3 Earnings: Stock Flat

Pete Matthews , , , ,

International education, training, and career advancement firm focusing on vocational and skilled trades, Upstryve Inc (OTCMKTS:PBYA), on April 15, 2022, announced its quarter three results ending February 28, 2022.

Market Stats

On Thursday, PBYA stock ended flat at $0.0013 with more than 8.02 million shares, compared to its average volume of 25.45 million shares. The stock moved within a range of $0.0012 – 0.0014 after opening trading at $0.0012.

Upstryve Inc, formerly ProBility Media Corp, Announces Third Quarter Financial Results

The company’s Connect Conference had leading skilled trades speakers for the rollout of its new skilled trade career advancement platform: Upstryve Connect. The firm also launched subscription-based version of career advancement platform, Upstryve Premium. Meanwhile, it retained RBSM, LLP as auditors to help with the filing of audited financial statements. The firm also closed on a round of bridge financing for providing extra resources to prepare financial statements for audit. Earlier, the firm had closed a $250,000 note from Mast Hill Fund LP. Upstryve also issued 131 million warrants for purchasing stock to Mast Hill.

Noah Davis, President, Upstryve, Inc said that the company is excited on sharing the development with shareholders. Davis added that it demonstrates the company’s next step in the ongoing rebranding and absorption of ProBility. The President further stated that a number of investors have elicited interest in backing the company to be a fully compliant SEC company.

For the quarter ending February 2022, the firm’s revenues were $2,018,967, an increase of $736,000 during the same period in 2021. Its adjusted EBITDA was $96,634 compared to ($436,245) from the same period in 2021.

Key Quote

“We are excited to share this development with our shareholders as it announces the next step in our ongoing rebranding and absorption of ProBility,” Noah Davis, President, Upstryve, Inc. “

Traders Corner

PBYA stock is trading below the 20-Day and 50-Day Moving averages of $0.0014 and $0.0016 respectively. However, the stock is trading below the 200-Day moving average of $0.0056. 

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.