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EVERYTHING BLOCKCHAIN, INC. REPORTS SECOND QUARTER EARNINGS OF $0.46 PER SHARE AND YEAR TO DATE EARNINGS OF $0.61 PER SHARE
EVERYTHING BLOCKCHAIN, INC. REPORTS SECOND QUARTER EARNINGS OF $0.46 PER SHARE AND YEAR TO DATE EARNINGS OF $0.61 PER SHARE.
About this update from Everything Blockchain, Inc.
[{"type":"text","content":"\n Fleming Island, Florida, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Revenue grew by $5.4 Million from the Quarter Ended July 31, 2020, as compared to the Quarter Ended Jul 31, 2021, and grew by $6.6 Million from the six months ended July 31, 2020 as compared to the six months ended Jul 31, 2021. Net profit for the quarter ended July 31, 2021, was $2.9 Million and the net profit for the six months ended July 31, 2021, was $3.5 Million. Fleming Island, FL  – August 9, 2021 – Everything Blockchain, Inc., (OTC Markets: OBTX) an advanced software architecture, development, and services company specializing in blockchain technologies and decentralized processing,  today reported GAAP earnings per share from continuing operations of $0.46 for the second fiscal quarter ended July 31, 2021, compared with ($0.18) loss in the second fiscal quarter ended July 31, 2020.  In addition, Everything Blockchain reported GAAP earnings per share from continuing operations of $0.61 for the six months ended July 31, 2021, compared with ($6.31) loss in the six months ended July 31, 2020. Eric Jaffe, Everything Blockchain’s Chief Executive Officer, stated, “The numbers for the second quarter and year to date are in line with our annual projection of $18 million in revenue. Our series of four acquisitions throughout the second quarter only contributed $150K in revenue over approximately 20 days of accounting.  We expect a sharp increase in our numbers when we have a full quarter of revenue reported from these acquisitions.”  Mr. Jaffe added, “With the launch of PulseChain and the distribution of PULS tokens during this upcoming quarter, we will see further growth in revenue.” Michael Hawkins, Everything Blockchain’s Chief Financial Officer, stated, “With the recent explosion and subsequent pullback in the cryptocurrency markets, we are well positioned in our projects as we typically have an original stake in the endeavors we pursue.  This allows us to see growth regardless of the volatile and sometimes violent variations in the blockchain markets.” Our financials for the second quarter ended July 31, 2021, are as follows.  The numbers are presented in thousands (000), except for earnings per share and weighted average shares:    For the three months en...