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| CIIX Year-over-Year Total Revenue Jumps Up Over 50% and More Positives in Today's Earnings Release |
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 Hot Stock to Watch |
Company: ChineseInvestors.com, Inc. (OTCQB: CIIX)
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Last:
Price: 0.51
Change (%): + 0.02 (4.08)
Volume: 28,922 |
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ChineseInvestors.com, Inc. Improves Revenues for Q2 Fiscal Year 2019
SAN GABRIEL, California, January 22, 2019 /PRNewswire/ - ChineseInvestors.com, Inc. (OTCQB: CIIX) (“CIIX” or “the Company”), the premier financial information website for Chinese-speaking investors, today announced its financial and operational summary for the Second Quarter of its Fiscal Year 2019.
Q2 Fiscal Year 2019 Financial Highlights
Year-over-Year total revenue increased 50%+
Hemp and CBD sales revenues increased 8x, year-over-year
Subscription revenues increased over 40%, year-over-year
ChineseInvestors.com reported Q2FY2019 Revenues of $648,265, a 43% increase year over year. This increase was driven by stronger subscription revenues and Hemp/CBD sales revenues.
The Company’s introduction of new Hemp/CBD products and focused, effective marketing efforts increased Hemp/CBD sales revenues over eight times to over $430,000.
“We are beginning to see the positive results of investments made into existing markets as well as new markets,” says Warren Wang, the Company’s CEO. “We believe our investors will benefit from the growth drivers that we have worked diligently to implement, including the recent launch of CBD Biotechnology Co. Ltd.’s Hemp Wine. As we leverage the momentum already in place, we look forward to having an even stronger second half for FY 2019,” says Mr. Wang.
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