In this episode, we will be talking about this company by the name of RIWI Corp. They are a high growth subscription-based company that has been performing very well since 2015.
Looking at their 3rd quarter results in 2020, their revenues were $3,262,900 during the nine months ended September 30, 2020. That is an increase of 29% compared to revenues of $2,521,373 during the same period in 2019.
Doesn't seem like much?
Well...The revenue for nine months in 2020 has SURPASSED the twelve months of revenue in 2019 of $3,110,878.
Not only that, RIWI had a net income of $690,038 during the nine months ended September 30, 2020, an increase of 10% compared to net income of $629,822 during the same period in 2019.
For most people, this may not seem like much but this company has been performing well even with the covid-19 pandemic and poor economic situation.
That is why I decided to talk about this company in this episode. However, I will be breaking this episode into Part 1 and Part 2.
In part 1, we will be talking about the company overview, business model, and management team competence and integrity.
And in Part 2, we'll discuss their financials, growth strategy, highlights of what I like and dislike about this company, and a little bonus at the end of the Part 2 episode.
Want to know more?
Check out this episode to find out more!
DISCLAIMER: This is not financial advice or even a recommendation, so do not take this as financial advice. If you need proper advice, do speak to a fiduciary or a financial advisor and they'll be able to help you with your specific needs.
For more info about Delugne Investing, check out Delugne.com to find out more!
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