Wewards, Inc. Reports Earnings Results for the First Quarter Ended August 31, 2021
October 12, 2021 at 04:47 pm EDT
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Wewards, Inc. announced earnings results for the first quarter ended August 31, 2021. For the first quarter, the company announced sales was USD 0 compared to USD 12,498 a year ago. Operating loss was USD 577,834 compared to USD 76,155 a year ago. Net loss was USD 707,217 compared to USD 200,659 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD million a year ago.
Wewards, Inc. is a developer and owner of a Web-based platform accessible by mobile apps (the Platform). The Platform enables consumers to purchase goods from merchants and earn rebates payable in the form of Bitcoin. The Platform provides a Bitcoin rewards ecosystem. It is designed to transform traditional concepts of commerce into a cooperative society where both merchants and consumers are collaborating, utilizing Bitcoin to reward consumers. The ecosystem provides consumers with rewards each time they complete a challenge defined by a merchant. It also owns technology and related rights associated with the game Megopoly, a Massively Multiplayer Online Game (MMO). Megopoly is an MMO board game where players are able to earn fractions of Bitcoins (satoshi) through buying, selling, and managing virtual real estate properties using in-game currency (Megopoly Coins). The game allows players around the world to interact with each other online.
WEWARDS, INC. 