A Vancouver-based Company behind a mobile payment app has increased its revenue 69 times over from Q1 2018 to Q1 2017.
Glance Technologies Inc. released its results for the first quarter of the year, reporting $1,174,000 in revenue, which is up from $17,000 reported in Q1 the year before. The Company also reported higher operating expenses, of $5,447,000 compared to $981,000 in Q1 2017.
Glance signed more than 350 locations in Q1 2018 and 164 went live, while raising around $11 million in equity financing. The Company also acquired the
Block Impact blockchain technology platform.
On May 8th, 2018 Glance will host the
“Future of Blockchain” conference in Vancouver.