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Business Warrior Announces Strong Q1 2023 Financial Results, With Over 220% Growth in Revenue, and Sales Momentum in Promoting Innovative Solutions
Business Warrior Announces Strong Q1 2023 Financial Results, With Over 220% Growth in Revenue, and Sales Momentum in Promoting Innovative Solutions
PHOENIX, March 13, 2023 (GLOBE NEWSWIRE) -- Business Warrior Corporation (OTC: BZWR), the cloud-based lending platform for success and long-term business growth, announces its financial results for the quarter ending November 30, 2022, showing significant growth and progress in its cloud-based lending platform. Revenue for the period surged to $1,455,742, a remarkable increase of over 220% from the previous year. This marks the first quarter of financial results since the successful acquisition of two companies last year and the integration of these entities fully completed.
The Company has reported a net loss of $971,944, which can be attributed mainly to an increase in the Cost of Sales incurred while serving clients within the new business model. The Company's acquisition of new businesses resulted in an increase in the Cost of Sales for the period to $1,008,390, compared to the same period the previous year.
The Company's latest business model prioritizes long-term profitability over short-term revenue spikes, ensuring sustainable growth. As of November 30, 2022, the Company's cash balance was reported at $175,261, and they have secured a new Line of Credit with an available draw of up to $5,000,000. The Company's principal balance on this LOC stands at $2.1 million, with the remaining funds allocated towards operational expenses, marketing, sales growth, and achieving profitability.
"The quarter's financial results reflect the base of our new business model after two acquisitions last year. We have more sustainable revenue streams, we're on a path to consistent growth, and our team is built for long-term success. In light of the economy and the turmoil in banking, access to capital and turning it into profits is essential, and it's how businesses survive. Our end-to-end solution for lenders and businesses solves a real problem that the world is seeing right now, and PayPlan does it more cost-efficiently than ever before," commented CEO of Business Warrior, Rhett Doolittle.
Business Warrior just launched its new flagship solution, PayPlan, and has announced signing its first significant clients in February. The team is focusing on implementing the solution for their clients while continuing to add new clients to the queue. New clients are forecasted to add to the Company's current portfolio of customers, representing a significant step forward in their growth strategy.
During the period that ended November 30, 2022, the Company focused on building its new flagship product, which represented a higher amount of expenses, but an unusually lower amount on advertising. Since the end of the period, the Company has reduced salaries and wages and General and Administrative expenses. The Company entered the marketing and promotion phase of PayPlan and the Helix division's solutions at the beginning of the new year and is expecting an increase in advertising going forward. This has already resulted in new sales growth in February and March. The combination of marketing services and lending has resulted in early signs of success of cross-selling opportunities between the company's different divisions.
Business Warrior posted a strong quarter while signaling some early success in their new strategy formed by the experience of the newly formed team, technology, and the assets from the recent acquisitions.
About Business Warrior
Business Warrior Corp. is a software as a service (SaaS) company offering turnkey lending solutions to high-growth companies. We are a full-service provider with an end-to-end lending technology platform and customer acquisition marketing services. Founded in 2014, Business Warrior is a SaaS marketing company with a virtual workforce and employees worldwide. The company has worked with over 25,000 global businesses ranging from small to enterprise businesses. Business Warrior acquired Helix House and Alchemy Technologies in 2022. For more information, visit
Forward-Looking Statement
This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company's management regarding the future of the company's business, future plans and strategies, anticipated events and trends, the economy, and other future conditions. When used in the offering materials, the words "aim," "estimate," "project," "believe," "anticipate," "intend," "envision," "estimate," "expect," "future," "goal," "hope," "likely," "may," "plan," "potential," "seek," "should," "strategy," "will" and similar references to future periods are intended to identify forward-looking statements, which constitute forward-looking statements. These statements reflect management's current views with respect to future events and are subject to inherent risks, uncertainties, and changes in circumstances that are difficult to predict (many of which are outside of the company's control) and could cause the company's actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering, or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
Investor Relations:
John Bailey
Investors@BusinessWarrior.com
(855) 884-5805
鳳凰城,2023年3月13日(環球通訊社)-商業勇士公司(場外交易代碼:BZWR)是一家致力於成功和長期業務增長的雲貸款平臺,該公司公佈了截至2022年11月30日的季度財務業績,顯示其雲貸款平臺實現了顯著增長和進步。這一時期的收入飆升至1,455,742美元,比前一年顯著增長超過220%。這標誌著自去年成功收購兩家公司並全面完成這些實體的整合以來,第一季度的財務業績。
該公司報告淨虧損971,944美元,這主要是因為在新的商業模式下為客戶服務時產生的銷售成本增加。該公司收購新業務導致這一時期的銷售成本比去年同期增加到1,008,390美元。
該公司最新的商業模式優先考慮長期盈利,而不是短期收入激增,以確保可持續增長。截至2022年11月30日,該公司的現金餘額為175,261美元,他們已經獲得了一項新的信貸額度,可動用資金高達5,000,000美元。該公司在這筆LOC上的本金餘額為210萬美元,剩餘資金用於運營費用、營銷、銷售增長和實現盈利。
Business Warrior首席執行官瑞德·杜利特爾評論道:“本季度的財務業績反映了我們在去年兩次收購後的新業務模式的基礎。我們有了更可持續的收入來源,我們正走在持續增長的道路上,我們的團隊是為長期成功而打造的。鑑於經濟和銀行業的動盪,獲得資金並將其轉化為利潤至關重要,這是企業生存的方式。我們為貸款人和企業提供的端到端解決方案解決了當今世界正在看到的一個真正的問題,而Payplan做到了比以往任何時候都更具成本效益,”Business Warrior首席執行官瑞德·杜利特爾評論道。
Business Warrior剛剛推出了其新的旗艦解決方案PayPlan,並宣佈在2月份簽署了第一批重要客戶。該團隊正專注於為其客戶實施解決方案,同時繼續向隊列中添加新的客戶。預計新客戶將增加到該公司目前的客戶組合中,這標誌著他們在增長戰略上向前邁出了重要的一步。
在截至2022年11月30日的期間內,該公司專注於打造其新的旗艦產品,這意味著較高的費用,但在廣告方面的費用卻異常低。自該期間結束以來,該公司已經削減了工資和工資以及一般和行政費用。新年伊始,該公司進入了PayPlan和Helix部門解決方案的營銷和推廣階段,預計未來廣告收入將會增加。這已經在2、3月份帶來了新的銷售增長。營銷服務和貸款的結合,使該公司不同部門之間的交叉銷售機會出現了成功的初步跡象。
Business Warrior公佈了一個強勁的季度,同時標誌著他們通過新組建的團隊、技術和最近收購的資產形成的新戰略取得了一些初步成功。
關於商業勇士
Business Warrior Corp.是一家軟體即服務(SaaS)公司,為高增長公司提供交鑰匙貸款解決方案。我們是一家擁有端到端借貸技術平臺和客戶獲取營銷服務的全方位服務提供商。Business Warrior成立於2014年,是一家SaaS營銷公司,在全球擁有虛擬員工和員工。該公司已與超過25,000家全球企業合作,從小型企業到企業企業。商業勇士於2022年收購了螺旋之家和煉金術技術公司。如需更多資訊,請訪問
前瞻性陳述
本新聞稿和發售材料可能包含與公司、其商業計劃和戰略以及其行業有關的前瞻性陳述和資訊。前瞻性陳述既不是歷史事實,也不是對未來業績的保證。它們是基於公司管理層目前對公司業務未來、未來計劃和戰略、預期事件和趨勢、經濟和其他未來狀況的信念、假設和目前可獲得的資訊。“目標”、“估計”、“計劃”、“相信”、“預期”、“打算”、“設想”、“估計”、“預期”、“未來”、“目標”、“希望”、“可能”、“可能”、“計劃”、“潛力”、“尋求”、“應該”、“戰略,“將”及類似提及未來期間旨在確定構成前瞻性陳述的前瞻性陳述。這些陳述反映了管理層目前對未來事件的看法,受固有的風險、不確定因素和環境變化的影響,這些風險、不確定因素和環境變化很難預測(其中許多情況不在公司的控制範圍之內),可能導致公司的實際結果與前瞻性陳述中包含的結果大不相同。告誡投資者不要過度依賴這些前瞻性陳述,這些陳述只反映了它們發表之日的情況。所有隨後關於該公司、此次發行或其他事項的書面和口頭前瞻性陳述,其全部內容均明確符合上述警告性聲明。公司不承擔任何義務修改或更新這些前瞻性陳述,以反映該日期之後的事件或情況,或反映意外事件的發生。
投資者關係:
約翰·貝利
郵箱:Investors@BusinessWarrior.com
(855)884-5805
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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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