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Optium Cyber Systems Releases 2018 Second Quarter Financial Results
Optium Cyber Systems Releases 2018 Second Quarter Financial Results.
About this update from Cbd Life Sciences Inc.
[{"type":"text","content":"\nRevenue Increases Over 675 Percent Over Same Period Last Year  \n THE WOODLANDS, TEXAS, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Optium Cyber Systems, Inc. (the Company) (OTC:OCSY) has released its financial results for the first fiscal quarter ended June 30, 2018.  The financial statements and annual report may be viewed at: www.otcmarkets.com/stock/OCSYD/disclosure In comparison to the same period last year: -- current assets decreased $246,277 due to the write-off of prepaid expenses and uncollectable receivable; -- non-current assets grew $2,345,427 as a result of the acquisition of a technology platform and an investment in an associated company through the issuance of a licensing agreement; -- current liabilities increased $76,580 as a result of the revenue growth and associated expenses;   -- operating revenue increased $289,000 as a result of the continued commencement of the monetization of the technology platform; -- operating expenses increased $153,661 due to increased revenue and associated expenses. “We are very pleased that our company’s business continues to grow,” commented George Rutherford, President of Optium Cyber Systems. “Our revenue grew by over 675 percent compared to the same period last year.  Again, we are one of a handful of startup tech companies that have been able to successfully monetize their technology in a very short period of time.  Our continued goal is to be first to market with a comprehensive yet cost-effective cyber security solution that is transferrable to any situation and scalable to any size,” continued Mr. Rutherford.     About Optium Cyber Systems, Inc. OCSI has developed a proprietary process to analyze, identify and address cyber security vulnerabilities in an organization’s critical IT infrastructure which is scalable to any size organization in any industry.  OCSI has recently launched in the health care sector, focusing on protecting health care facilities including hospitals, nursing homes and doctor’s offices from cyberthreats such as the manipulation of medical devices or theft of patient records.  OCSI is a publicly traded company having its common shares quoted on the OTC Markets under the symbol \"OCSY\". Contact Investor Relations Ten Associates LLC 11529 N. 120th St. Scottsdale, Ari...