Sanwire Corporation (OTCMKTS:SNWR) Stock In Focus After Q1 Earnings
On Thursday the entertainment technology innovator Sanwire Corporation (OTCMKTS:SNWR) along with its fully owned subsidiary unit Intercept Music Inc announced its financial results for the first quarter of 2023. The company noted that there had been significant growth and its commitment to empowering labels and artists in the music industry remained strong.
On Thursday, SNWR stock ended flat at $0.0020 with more than 110.01K shares, compared to its average volume of 135.96K shares. The stock moved within a range of $0.0020 – 0.0020 after opening trade at $0.0018.
Sanwire Corporation Announces Impressive First Quarter 2023 Results
In the press release sent out by the company yesterday, its Chief Executive Officer Tod Turner noted that the sales recorded in the quarter went up by as much as 58% year on year. He stated that the growth experienced by the company was a function of its continued efforts to expand its markets and the array of marketing services that it offered to labels and artists.
Turner noted that the company now offered 26 new services in the English language in addition to 18 in Spanish for the Latin partners. That had allowed the company to cater to the needs of its clients far more effectively. Last but not the least, the partnerships that the company struck up with Coolio Estate, One Pic Entertainment, and Indie Labels also contributed to the growth that the company experienced. It remains to be seen if the Sanwire stock comes into focus today.