ValueSetters Reports Second Quarter Net Profit, Positive Shareholders Equity, and Revenue Growth of 943%

BOSTON, MA, Dec. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – ValueSetters, Inc. (OTC: VSTR)

Six Month Highlights:

Income Statement (vs. six months ended 10/31/18)

• Net income of $566,926 
• Revenue increase of 420%
• Gross profit margin of 99%, an increase of 7 points

Balance Sheet and Liquidity (vs. year-end balance sheet dated 4/30/19)

• Cash balances up 63% 
• Investment balances up 101%
• Positive shareholders equity of $638,699 vs. ($865,258) at year-end

Three Month Profit and Revenue Metrics:

Quarter Ended 10/31/19 vs. Quarter Ended 10/31/18:

• Revenue increase of 943%
• Gross profit margin of 100%, an increase of 12 points
• Net income of $542,451

Sequential Results:

• Revenue increase of 504%
• Gross profit margin increase of 2 points
• Net income increase of 2116%

ValueSetters, Inc. (OTC: VSTR) announced net income of $542,451 for the second quarter of Fiscal 2020 on revenue growth of 943%, while reporting its fourth consecutive quarter of profitability.  Investment balances increased by more than 100%, and the company reported a positive swing in shareholders’ equity of more than $1.5 million. 

“We achieved several significant milestones this quarter.  Through the first six months, we have already generated essentially the same level of earnings that we realized in Fiscal 2019 in its entirety.  In addition, with the strong growth in our asset base, we generated positive book value for the first time,” said Cecilia Lenk, CEO. “These results were aided by the recently disclosed, three-month marketing and advisory services agreement for a fee of $540,000. ” 

“We were also pleased to see strong performance by our clients and portfolio companies.   KingsCrowd, for example, announced the acquisition of the Newchip aggregator platform, which will increase its investor community by tenfold, to more than 100,000.  KingsCrowd has quickly vaulted to the number one position in ratings and analytics for online private capital markets,” added Ms. Lenk. “We look forward to strong continued performance from KingsCrowd and remain optimistic about the future of ValueSetters and its portfolio of investments.”

ValueSetters will hold an investor conference call to review first quarter results on December 18th, at 12:00 p.m. ET. To access the call, please dial 800-346-7359 or 973-528-0008 and provide the following access code: 345232. A presentation will be available on our website at https://valuesetters.com/events-and-presentations prior to the call.