Investview (“INVU”) Reports Strong Financial Results for the Nine Months Ended December 31, 2021

• Net Revenue increased 89% to $72.2 million in 9 months ended December 31, 2021 compared to $38.3 million for the 12 months ended March 31, 2021
• Total assets increased 163% to $51.5 million at December 31, 2021 compared to $19.6 million as of March 31, 2021
• Cash and equivalents increased 475% to $31.0 million at December 31,2021 compared to $5.4 million as of March 31, 2021
• Stockholders’ Equity increased 883% to $28.9 million at December 31, 2021 versus a deficit of $3.7 million at March 31, 2021
• Current Ratio increased 121% to 2.65 at December 31, 2021 compared to 1.19 at March 31, 2021
  

Eatontown, NJ, May 16, 2022 (GLOBE NEWSWIRE) -- Investview, Inc. (OTCQB: INVU), a diversified financial technology company, is pleased to announce financial results for the nine month transition period ended December 31, 2021.

(Please note that the Company switched to a December 31st fiscal year-end in 2021. As such, the financial statements for the year ended December 31, 2021reflect nine months of activity versus twelve months of activity for the year ended March 31, 2021.)

"It was a historic, record-breaking year for Investview,” stated Victor M. Oviedo, Investview’s CEO. We are reporting a near doubling of net revenue as well as significant year-over-year growth in other key financial performance metrics. Global net revenue for the nine months of activity was $72.2 million, an increase of 89%, over the net revenues of $38.3 million for the twelve months ended March 31, 2021. This was driven by strong business momentum across all business verticals including worldwide subscription growth from iGenius, our financial education direct marketing firm and the expansion and optimization of our Bitcoin mining operations.''

Nine Months Ended December 31, 2021 Financial Highlights

• Net Revenue for the nine months ended December 31, 2021 was $72.2 million versus $38.3 million for the twelve months ended March 31, 2021, an increase of $34.0 million, or 89%.

• Net loss for the nine months ended December 31, 2021was $29.2 million, compared to a net income of $0.6 million for the twelve months ended March 31, 2021. Our net loss, however, was impacted by a one-time non-cash, non-recurring charge of $51.6 million related to the manner in which the acquisition of the proprietary Prodigio SMART Trading Platform, as well as other operating assets and intellectual property of MPower Trading Systems, was accounted for. Excluding this charge, Investview would have achieved a net income of $22.4 million, the largest in the history of the Company. Importantly, this non-cash charge had no impact on our cash flow, liquidity or capital resources.