Business
Findit, Inc. Reports 2020 2nd Quarter Revenue Up 118% Over Same Period Last Year 2019
Findit, Inc. Reports 2020 2nd Quarter Revenue Up 118% Over Same Period Last Year 2019.
About this update from Bioregenx, Inc
[{"type":"text","content":"ATLANTA, GA / ACCESSWIRE / August 17, 2020 / Findit, Inc. (OTC PINK:FDIT) reported a revenue increase in the fourth quarter over the same period one year ago of 118%. With revenues of $90,627.00 in 2020 versus $41,508.00 in 2019. Findit, Inc. posted a loss in the second quarter ending June 30, 2020 of $31,234.00. The company took a one time write off of $44,695.00.Without the one time write off of $44,695.00 the company would have reported a quarterly profit of $13,461. Findit president, Raymond Firth, stated "We are optimistic moving forward in 2020. Business performance for the first quarter, and into the second quarter has been severely impacted by shutdowns caused by Covid-19. We took the one time write off this quarter. As a result, we did not show a profit for this quarter. Our focus now is to complete important updates on the Findit App and place the new version into Google PlayStore and Apple AppStore for users to download. Work on this new version of the app is very close to completion. We think that the new interface, and new features will attract a more diversified wider demographic of users. With the recent controversy over Chinese ownership and control over Tik Tok, we are hopeful that users will discover and begin to use Findit's App. As a U.S. based company, we believe our members will be able to confidently provide any personal information they wish to share without fear of compromise or misuse. We hope to roll the new App updates out soon, but we do not have a specific launch date."The new App updates will also look to include an advertising provider. By serving up ads in the App, this will provide Findit with an additional revenue stream that does not increase our fixed costs.Findit, Inc. is still in the process of having its 2018 and 2019 yearly audit completed along with the first two quarters of 2020. Findit is preparing an S1 to become fully reporting.About Findit, Inc.Findit, Inc., owns Findit.com which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and ...