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P2Earn Inc C.PXE

Alternate Symbol(s):  GOOLF

Technology Software - Application
P2Earn Inc. is a Canada-based industrial-scale technology infrastructure company, serving cryptocurrencies, blockchains and enterprise level technology projects such as podcast creation and distribution. The Company's focus is on growing infrastructure in a sustainable way that aligns the needs of its planet and the benefits of cutting-edge technology. It operates though the Bitcoin Mining operation segment. The Company is also engaged in a Web3 technology focused on building a Play-2-Earn gaming guild, building a decentralized economy for gamers. It operates by buying online gaming non-fungible tokens (NFTs) and then delegating those NFTs to players around the world who play skill-based games and earn tokens. It provides carbon-neutral, energy efficient infrastructure to cryptocurrencies, such as Bitcoin. It acts as a sponsor for skilled gamers. The Company provides these players with the necessary gear and funding to aid in their performance in various play-to-earn video games.


CSE:PXE - Post by User

P2Earn Inc
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Comment by Springup1on May 28, 2018 4:23pm
101 Views
Post# 28090334

RE:RE:News is out!!! 2072% INCREASE

RE:RE:News is out!!! 2072% INCREASE

Financial Highlights:

  • Revenue increased 2072% to $1,322,139 in the First Quarter of 2018 compared to $60,870 during the First Quarter of 2017; 
     
  • Gross profit during the three months ended March 31, 2018 increased to $448,270 from $1,971 during the First Quarter ended March 31 st, 2017; 
     
  • Gross margin as a percentage of revenue during the three months ended March 31, 2018 were 34% compared to 3% during the First Quarter of 2017, representing a 1,133 % increase. 
     
  • Adjusted EBITDA loss for the three months ended March 31, 2018 was approximately $367,000 compared to an adjusted EBITDA loss of approximately $631,000 recorded for the First Quarter 2017. 
     
  • The Company incurred a one-time expense of $2,318,018 in listing fees, third-party services and bonuses in connection with the RTO of Exito Energy II Inc. ("Exito").

Read more at https://www.stockhouse.com/news/press-releases/2018/05/28/good-life-networks-inc-increases-first-quarter-revenue-year-over-year-by-2072#sZRgIgJxYeGMSM1f.99

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