30DC, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014
For the year, total revenues were $2,795,633 against $1,467,817 a year ago. Revenues from continuing operations increased 90.46%. The $1,327,816 increase in products and services revenue was primarily due to the timing of the re-launch promotion of the MagCast Publishing Platform in August 2013 which had sales exceeding $1.5 million. Net income $58,918 against net loss of $407,642 a year ago. The increase in net income during fiscal 2014 compared to the same period in the prior fiscal year was primarily due to the effect of increased sales of the MagCast Publishing Platform.