Wewards, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2021
January 12, 2022 at 05:27 pm EST
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Wewards, Inc. reported earnings results for the second quarter and six months ended November 30, 2021. For the second quarter, the company reported net loss was USD 0.689734 million compared to USD 0.172252 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the six months, net loss was USD 1.4 million compared to USD 0.372911 million a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 