EVERYTHING BLOCKCHAIN, INC. REPORTS SECOND QUARTER EARNINGS

Fleming Island, Florida, Aug. 09, 2021 (GLOBE NEWSWIRE) —

Income grew by $5.4 Million from the Quarter Ended July 31, 2020, as in comparison with the Quarter Ended Jul 31, 2021, and grew by $6.6 Million from the six months ended July 31, 2020 as in comparison with the six months ended Jul 31, 2021.

Internet revenue for the quarter ended July 31, 2021, was $2.9 Million and the online revenue for the six months ended July 31, 2021, was $3.5 Million.

Fleming Island, FL  – August 9, 2021 – The whole lot Blockchain, Inc., (OTC Markets: OBTX) a sophisticated software program structure, improvement, and companies firm specializing in blockchain applied sciences and decentralized processing,  at the moment reported GAAP earnings per share from persevering with operations of $0.46 for the second fiscal quarter ended July 31, 2021, in contrast with ($0.18) loss within the second fiscal quarter ended July 31, 2020.  As well as, The whole lot Blockchain reported GAAP earnings per share from persevering with operations of $0.61 for the six months ended July 31, 2021, in contrast with ($6.31) loss within the six months ended July 31, 2020.

Eric Jaffe, The whole lot Blockchain’s Chief Govt Officer, said, “The numbers for the second quarter and 12 months to this point are consistent with our annual projection of $18 million in income. Our collection of 4 acquisitions all through the second quarter solely contributed $150K in income over roughly 20 days of accounting.  We anticipate a pointy improve in our numbers when we now have a full quarter of income reported from these acquisitions.”  Mr. Jaffe added, “With the launch of PulseChain and the distribution of PULS tokens throughout this upcoming quarter, we are going to see additional progress in income.”

Michael Hawkins, The whole lot Blockchain’s Chief Monetary Officer, said, “With the current explosion and subsequent pullback within the cryptocurrency markets, we’re nicely positioned in our initiatives as we usually have an authentic stake within the endeavors we pursue.  This enables us to see progress whatever the unstable and typically violent variations within the blockchain markets.”

Our financials for the second quarter ended July 31, 2021, are as follows.  The numbers are introduced in hundreds (000), aside from earnings per share and weighted common shares:

 
 
 
For the three months ended

 
 
 
 July 31,

 
 
 
2021
 
2020

Gross income and different income
 $        5,375
 
 $                   –

Whole price of income and working bills
           2,458
 
              1,076

Internet revenue (loss)
 $        2,917
 
 $        (1,076)

Revenue(Loss) per share from persevering with operations
$            0.46
 
$             (0.18)

Weighted common shares excellent – primary
6,297,808
 
5,881,902

Our financials for the six months ended July 31, 2021, are as follows.  The numbers are introduced in hundreds (000), aside from earnings per share and weighted common shares:

 
 
 
For the six months ended

 
 
 
 July 31,

 
 
 
2021
 
2020

Gross income and different income
 $        6,872
 
 $                   –

Whole price of income, working bills, and different bills
           3,194
 
            49,295

Internet revenue (loss)
 $        3,678
 
 $      (49,295)

Revenue(Loss) per share from persevering with operations
$            0.61
 
$             (6.13)

Weighted common shares excellent – primary
6,034,898
 
7,806,248

About The whole lot Blockchain:

Headquartered in Fleming Island, Florida, The whole lot Blockchain, Inc., (OTCMKTS: OBTX) is a superior improvement, structure, and software program designer of Blockchain that additionally offers consulting and companies specializing in blockchain applied sciences and decentralized processing.

Ahead Wanting Statements

This information launch accommodates “forward-looking statements” which aren’t purely historic and should embrace any statements relating to beliefs, plans, expectations or intentions relating to the longer term. Such forward-looking statements embrace, amongst different issues, the event, prices and outcomes of latest enterprise alternatives and phrases reminiscent of “anticipate”, “search”, intend”, “consider”, “estimate”, “anticipate”, “venture”, “plan”, or related phrases could also be deemed “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995. Precise outcomes might differ from these projected in any forward-looking statements because of quite a few components. Such components embrace, amongst others, the inherent uncertainties related to new initiatives, the longer term U.S. and international economies, the affect of competitors, and the Firm’s reliance on present rules relating to the use and improvement of blockchain and cryptocurrency merchandise. These forward-looking statements are made as of the date of this information launch, and we assume no obligation to replace the forward-looking statements, or to replace the the explanation why precise outcomes might differ from these projected within the forward-looking statements. Though we consider that any beliefs, plans, expectations and intentions contained on this press launch are affordable, there may be no assurance that any such beliefs, plans, expectations or intentions will show to be correct.