Business
ISWH Reports 6,400% Sequential Quarterly Revenue Growth
ISWH Reports 6,400% Sequential Quarterly Revenue Growth.
About this update from Blockquarry Corp.
[{"type":"text","content":"\n LAS VEGAS, Aug. 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- International Spirits & Wellness Holdings, Inc. (OTCMKTS: ISWH) (“ISWH” or the “Company”), a top-tier brand incubator in the Spirits, CBD-Infused Products, and Home Healthcare markets, is excited to announce very strong sequential quarterly revenue growth for the quarter ended June 30, 2019. This growth comes largely as a result of accelerating client growth in the Company’s Home Healthcare segment. In addition, the Company continues to anticipate strong growth going forward and, based on current quarter performance, projects continued sharp sequential quarterly revenue growth for its fiscal Q3 (September quarter) data. “Now that we are recognizing revenues from our Home Healthcare segment, shareholders will be pleased to see robust signals in terms of new top-line growth,” commented Terry Williams, ISWH CEO. “The product mix is very strong looking ahead, with our CBD product lines in place, the Home Healthcare segment showing robust tangible growth, and our award-winning spirits segment continuing to represent enormous potential.” Management notes that the Company recently changed its corporate name, stock symbol, and public description of business activities to better reflect its strategic course following its shift late last year to a model that includes a strong emphasis on the Health and Wellness sector. Now that it has officially completed these changes, revenues from its Home Healthcare segment can be recognized in its financially reportable data – in prior financial reports, these revenues were not reported outside of general discussions. However, operations related to the Company’s Home Healthcare segment have resulted in sales in prior quarters. New Q2 data, taken relative to sales from Home Healthcare operations in its prior quarter, represent a robust sequential quarterly growth rate of 39%. In addition, due to superior service and increasing demand, the Company is seeing steady growth in Home Healthcare clients, and management believes this trend will continue and may accelerate throughout 2019 and 2020. Mr. Williams continued, “The success we are seeing in our Home Healthcare segment will help to drive growth in our other segments in the months and quarters ahead. At the sam...