Metavesco Quarterly Net Income Soars to $1.78 Million on Crypto Gains
Net Income of
Metavesco reported net income of
A significant contributor was unrealized appreciation on digital assets following the adoption of ASU 2023-08, which now requires fair value reporting for digital assets. The Company recorded
Balance Sheet Strengthened - Stockholders' Equity Improved by Over
Metavesco ended the quarter with positive stockholders' equity of
Total assets increased from
Quarter Highlights
Revenue Soared 1,300% Year-Over-Year
Metavesco generated
- Temporary workforce services revenue grew to
$403,654 - Mining pool fees reached
$111,594
Epic Labor Continues Strong Expansion
Epic Labor, Metavesco's wholly owned temporary staffing subsidiary, continued to scale up, contributing the majority of the Company's revenue for the quarter.
Temporary workforce services delivered
Digital Asset Operations Generated Strong Gains
Mining pool fees increased to
Management Commentary
"Metavesco delivered a breakout quarter that reflects the strength of our diversified model," said
These results reinforce our belief that Metavesco is positioned for long-term expansion across both traditional and digital business lines."
About Epic Labor
Epic Labor provides On-Demand blue collar temporary personnel to SMB's in light industrial, construction, hospitality, and retail industries. Epic Labor has four operating locations:
About OTCfi
OTCfi is the Community Token of the OTC, uniting traders, holders, and issuers to bring transparency, liquidity, and energy on-chain. OTCfi is built on the Solana blockchain and designed to become the Digital Asset Treasury token of choice for OTC issuers. Learn more at otcfi.io.
Contract Address: 66MH83n3jRqZMni87niTyKRoGbh9HxBkTm73sTRKpump
About Metavesco, Inc.
Metavesco is a diversified holding company focused on acquiring and managing assets across multiple sectors, including digital assets, DeFi, crypto mining including Bitcoin, and staffing services. The company is dedicated to long-term growth through organic expansion, strategic acquisitions and innovative market solutions. Learn more at metavesco.com.
Safe Harbor Statement
This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on otcmarkets.com.
View original content:https://www.prnewswire.com/news-releases/metavesco-quarterly-net-income-soars-to-1-78-million-on-crypto-gains-302618003.html
SOURCE Metavesco, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Is the global equity rally broadening? UBS weighs in
- Why this strategist thinks longer-term outlook for stocks is "unfavorable"
- Citadel unwinds 80% of Aschenbrenner’s portfolio risk - report
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Earnings, Definitive Agreement, BitcoinSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share