Wewards, Inc. Reports Earnings Results for the Second Quarter Ended November 30, 2020
January 15, 2021 at 03:05 am IST
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Wewards, Inc. announced earnings results for the second quarter ended November 30, 2020. For the second quarter, the company announced sales was USD 22,501. Operating loss was USD 47,723 compared to USD 73,318 a year ago. Net loss was USD 172,252 compared to USD 186,515 a year ago. For the half year, sales was USD 34,999. Operating loss was USD 123,878 compared to USD 310,021 a year ago. Net loss was USD 372,911 compared to USD 536,191 a year ago.
Wewards, Inc. is a developer and owner of a Web-based platform accessible by mobile apps (the Platform). The Platform enables consumers to purchase goods from merchants and earn rebates payable in the form of Bitcoin. The Platform provides a Bitcoin rewards ecosystem. It is designed to transform traditional concepts of commerce into a cooperative society where both merchants and consumers are collaborating, utilizing Bitcoin to reward consumers. The ecosystem provides consumers with rewards each time they complete a challenge defined by a merchant. It also owns technology and related rights associated with the game Megopoly, a Massively Multiplayer Online Game (MMO). Megopoly is an MMO board game where players are able to earn fractions of Bitcoins (satoshi) through buying, selling, and managing virtual real estate properties using in-game currency (Megopoly Coins). The game allows players around the world to interact with each other online.
WEWARDS, INC. 
