Business Warrior Corporation (OTCMKTS:BZWR) Stock In Focus After Latest News
The cloud lending platform operator Business Warrior Corporation (OTCMKTS:BZWR) helps with success and business growth of its customers. Yesterday the company announced its financial results for the quarter that had ended on February 28, 2023.
Trading Data
On Thursday, BZWR stock ended flat at $0.0038 with 322.97K shares, compared to volume of 383.43K shares. The stock moved within a range of $0.0035 – 0.0038 after opening trade at $0.0035.
Business Warrior Corporation (BZWR) Announces Quarterly Results with Focus on Growth and Innovation
It was also noted that the business model had been transitioned successfully and Business Warrior Corporation was operating its new business model effectively which are focussed on sustainable growth as well as higher recurring monthly revenues. In the quarter, the company managed to bring in revenues of $877281, which worked out to a year on year rise of 19% and on top of that, the operating expenses also went down by 31% year on year.
The company also announced that the billing from any single customer did not surpass 15% of the total revenues generated. That was a significant development for the company considering the fact that in the prior year period, one customer alone made up 95% of the revenues. At this point, Business Warrior Corporation is working on signing up new clients for PayPlan, its new flagship product and expects to generate consistent revenues on a monthly basis in the upcoming quarters. The company further stated that the previous business model had a lower revenue ceiling.
