Business
EZTD Inc. Reports First Quarter 2016 Financial Results
EZTD Inc. Reports First Quarter 2016 Financial Results.
About this update from Eztd Inc
[{"type":"text","content":"\n \n EZTD Inc. (OTCQX:EZTD), a worldwide leader of online binary options \n trading with a proprietary business-to-consumer platform, today reported \n its financial results for the first quarter ended March 31, 2016.\n \n \n Financial Highlights Include:\n \n \n \n Transaction volume for the quarter ended March 31, 2016 increased to \n $52.8 million compared with $24.3 million in the year-ago first \n quarter, an increase of 117%.\n \n \n The number of transactions for the first quarter 2016 increased by \n 125% to 1.17 million transactions compared with 519 thousand \n transactions in the first quarter 2015.\n \n \n The number of active customers in the first quarter 2016 was 18,425 \n compared with 17,475 active users at the end of March 2015, an \n increase of 8.6%, reflecting the company’s increased sales and \n marketing efforts.\n \n \n At the end of the first quarter 2016, the company raised $6 million in \n a private placement transaction at a share price of $6.00 per share, \n compared with a trading price of $4.20 per share on that date.\n \n \n Total revenues for the quarter ended March 31, 2016 were $7.0 million \n compared with $7.1 million for the quarter ended March 31, 2015. The \n slight decrease in total revenues is attributed to significant changes \n in operations this quarter, versus the year ago quarter, made to \n comply with new regulations imposed by the company’s Cypriot \n regulator. Sequentially, total revenues increased by 9.4% since the \n fourth quarter of 2015.\n \n \n During the first quarter of 2016, the company invested in expanding \n its business and brand awareness, investing in better technology, \n precise sponsorship focusing, and strict regulatory discipline, which \n resulted in increased acquisition costs of $5.0 million, compared with \n $3.6 million in the quarter ended March 31, 2015.\n \n \n \n Shimon Citron, CEO of EZTD Inc., said, “As we implement our strategy to \n increase the number of customers as well as the value per customer, we \n continue to make great strides in all of our markets. We recently \n finished making adjustments to our business in Japan to comply with \n regulator requests, and will start generating revenue from this \n subsidiary in the coming weeks as we prepare for what we believe will be \n a very successful market for our company. In...