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Posted On: 05/25/2017 5:47:57 PM
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NetworkNewsBreaks – Moxian, Inc. (NASDAQ: MOXC) Competes in Key China Market Expected to Reach $48B This Year
As it competes in the huge Chinese sector of online-to-offline marketing, Moxian (NASDAQ: MOXC) has solidified its financial position. Intrigued by the size of China’s O2O market and Moxian’s ambitious strategy for growth, SeeThruEquity has projected that Moxian could achieve revenues of $24.1 million and net income of $4.5 million in FY 2018, providing the company can demonstrate its ability to raise additional capital, as the O2O market is anticipated to reach $48 billion in 1H17. “The high technology Shenzhen, China-based company netted some $8.5 million in an equity offering, at $4 per share, late in 2016 that resulted in its NASDAQ uplisting. In its SEC 10-Q filing of May 12, 2017, for the three-month period ended March 31, 2017 (http://nnw.fm/1xrKA), the firm additionally disclosed that it had received funds in a series of loans during the six months ended March 31, 2017.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
As it competes in the huge Chinese sector of online-to-offline marketing, Moxian (NASDAQ: MOXC) has solidified its financial position. Intrigued by the size of China’s O2O market and Moxian’s ambitious strategy for growth, SeeThruEquity has projected that Moxian could achieve revenues of $24.1 million and net income of $4.5 million in FY 2018, providing the company can demonstrate its ability to raise additional capital, as the O2O market is anticipated to reach $48 billion in 1H17. “The high technology Shenzhen, China-based company netted some $8.5 million in an equity offering, at $4 per share, late in 2016 that resulted in its NASDAQ uplisting. In its SEC 10-Q filing of May 12, 2017, for the three-month period ended March 31, 2017 (http://nnw.fm/1xrKA), the firm additionally disclosed that it had received funds in a series of loans during the six months ended March 31, 2017.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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