Business
ProBility Media Corp. Reports Fourth Consecutive Quarter of Revenue Growth
ProBility Media Corp. Reports Fourth Consecutive Quarter of Revenue Growth.
About this update from Probility Media Corp.
[{"type":"text","content":"\n \n \n ProBility Media Corp. Reports Fourth Consecutive Quarter of Revenue Growth\n \n \nProBility Media Corp. Reports Fourth Consecutive Quarter of Revenue Growth\n \n HOUSTON, TX--(Marketwired - Jun 20, 2017) - ProBility Media Corp. (OTCQB: PBYA), an education technology (EdTech) company building the first full-service training, compliance and career advancement brand for the skilled trades, announces it has filed Form 10-Q for its 2017 fiscal second quarter ended April 30, 2017.\n ProBility Media also gives insight into how programs coming out of the White House encourage the type of training and education offered by the Company.\n Revenues for the second quarter of 2017 totaled $1,840,647, an increase of 253% compared to revenues of $727,286 in the second quarter of 2016. The year-over-year growth represents the fourth straight quarter of increasing revenues. Gross margins increased from 24.6% in the second quarter of 2016 to 37.5% in the second quarter of 2017.\n Fiscal 2017 Second-Quarter Highlights:\n \n \n Joined forces with GlobalSim to introduce virtual reality training to the crane industry;\n \nReported third quarter of consecutive quarter-over-quarter growth;\n \nAppointed Billy Smith, crane industry veteran, to the newly created vocational advisory board;\n \nReceived FINRA approval to change the corporate name to ProBility Media Corp.; and\n \nInitiated a philanthropic endeavor with Jewish Family Services (JFS) of Houston, Texas. \n \n \n \n \n Fiscal 2017 First-Quarter Subsequent Event Highlights:\n \n \n Expanded distribution with new 2017 electrician exam preparation series; and\n \nSigned a binding letter of intent to acquire W Marketing.\n \n \n \n \n \"We are extremely proud of our incredibly talented team that continues to deliver sequential revenue growth and record sales,\" commented Evan Levine, Noah Davis and Steven Plumb, executive management team members of ProBility Media. \"Recent sales are reflective of an increase in volume of our online courses which has resulted in an increase in gross margins and we expect this trend to continue. With the macro business environment now focusing on apprenticeships for the skilled trades, ProBility is well positioned as a formidable competitor delivering high quality education and training.\"\n The Trump Administration is...