Posted On: 10/29/2015 9:51:57 AM
Post# of 18307
$CRWG Revenue Jumps 74% Insiders accumulating!
SEATTLE, WA / ACCESSWIRE / September 21, 2015 / CrowdGather Inc. (CRWG) recently announced revenue that jumped 74%, gross profit that rose 84%, and a narrowed net loss during its fiscal first quarter 2016. At the same time, Chairman & CEO Sanjay Sabnani purchased a substantial number of shares in the open market in early- to mid-June, in a sign that management is confident in the company's future. These dynamics sent the stock more than 50% higher following the news release.
Since acquiring Plaor back in May of 2014, the diversified technology company has realized significant top-line revenue growth while bringing its bottom line close to breakeven. The company's subsequent move into the canna-tech and crowdfunding industries a year later represents an additional market to grow and diversify its revenue base, while still maintaining its focus on reaching a breakeven point and generating long-term shareholder value
SEATTLE, WA / ACCESSWIRE / September 21, 2015 / CrowdGather Inc. (CRWG) recently announced revenue that jumped 74%, gross profit that rose 84%, and a narrowed net loss during its fiscal first quarter 2016. At the same time, Chairman & CEO Sanjay Sabnani purchased a substantial number of shares in the open market in early- to mid-June, in a sign that management is confident in the company's future. These dynamics sent the stock more than 50% higher following the news release.
Since acquiring Plaor back in May of 2014, the diversified technology company has realized significant top-line revenue growth while bringing its bottom line close to breakeven. The company's subsequent move into the canna-tech and crowdfunding industries a year later represents an additional market to grow and diversify its revenue base, while still maintaining its focus on reaching a breakeven point and generating long-term shareholder value
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