Wewards, Inc. Reports Earnings Results for the Third Quarter Ended February 29, 2020
April 08, 2020 at 02:03 am IST
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Wewards, Inc. announced earnings results for the third quarter ended February 29, 2020. For the third quarter, the company announced operating loss was USD 63,392 compared to USD 238,027 a year ago. Net loss was USD 179,703 compared to USD 347,031 a year ago. For the nine months, operating loss was USD 373,413 compared to USD 930,647 a year ago. Net loss was USD 715,894 compared to USD 1.299 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 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. 
