QYOU Media Reports FY 2021 Results

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[{"type":"text","content":"\n \n \n \n QYOU Media Reports FY 2021 Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n FY 2021 Q4 YOY Revenue Increases 618% to\n \n $2.6 Million\n \n and Grows 1154% Over FY 2021 Q3\n \n \n \n \n Revenue Guidance for Quarter Ended\n \n Sept 30th\n \n \n $4.7\n \n to\n \n $4.8 Million\n \n \n \n \n \n LOS ANGELES\n \n and\n \n TORONTO\n \n ,\n \n Oct. 28, 2021\n \n /CNW/ - QYOU Media Inc.,(TSXV: QYOU) (OTCQB: QYOUF) a company operating in\n \n India\n \n and\n \n the United States\n \n producing and distributing content created by social media stars and digital content creators, has reported financial results for the quarter and year ended\n \n June 30\n \n , 2021.  Highlights include as follows:\n \n \n \n \n \n \n \n \n \n \n Revenue for the three months ended\n \n June 30, 2021\n \n was in the range of previously announced guidance at\n \n $2,614,899\n \n up from\n \n $364,280\n \n over the same period in Q4 FY 2020 representing a YOY increase of 618% and an increase of 1154% over the preceding quarter Q3 FY 2021\n \n ($208,551)\n \n . This revenue growth was primarily driven by increased ad sales in\n \n India\n \n on the flagship channel, The Q, along with strong performance by the QYOU\n \n USA\n \n Influencer Marketing business unit.\n \n \n \n \n Revenue for the twelve months ended\n \n June 30, 2021\n \n was\n \n $4,182,539\n \n up from\n \n $2,802,252\n \n over the same period in FY 2020 representing an increase of 49%. This revenue growth occurred primarily in Q4 FY 2021.\n \n \n \n \n Net loss before income taxes increased to\n \n $3,041,412\n \n from\n \n $1,830,754\n \n for the three months ended\n \n June 30, 2021\n \n and to\n \n $7,262,212\n \n from\n \n $6,547,397\n \n for the 12 months ended\n \n June 30, 2021\n \n . Net loss increased as a result of investment into personnel, content and distribution to support growth and expansion in the\n \n India\n \n business along with non-cash share based compensation.\n \n \n \n \n Cash on hand as of\n \n June 30, 20...

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