840% Development in E-Commerce Transactions over Q1
San Francisco, CA, Oct. 28, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain Inc. (OTCQB: RKFL) (“RocketFuel” or the “Firm”), a world supplier of fee options through ACH financial institution transfers, Bitcoin and different cryptocurrencies, right this moment introduced preliminary monetary outcomes for its second fiscal quarter, ended September 30, 2022.
Preliminary Second Quarter Outcomes
The Firm is happy to announce that the variety of e-commerce transactions that the Firm processed elevated 840% in Q2 over Q1. The rise in transactions result in a major improve in income in Q2 over Q1.
Peter Jensen, Chief Government Officer of RocketFuel, commented, “We’re thrilled with our current acceleration in transactions and transaction quantity, which actually picked up steam towards the top of the quarter. It’s nice to see that our gross sales technique to promote not directly by way of Fee Service Suppliers and different companions is producing optimistic outcomes. Throughout the quarter, increasingly companions’ retailers went stay and ramped their acceptance of crypto funds utilizing our e-commerce answer. Moreover, we’re excited that early adopters have validated our second product and income stream: B2B cross border remittance”
Starting June 2023, RocketFuel generated higher than $1 million in transaction quantity in remaining exams of its new B2B cross border remittance product with a handful of early adopters. The ultimate model is deliberate for launch later this 12 months, anticipating to drive incremental income from this new product.
Investor Replace Name
RocketFuel shall be holding an investor replace on Thursday, November 3, 2022, at 8:00 AM Pacific time, to current its newest product standing and strategic and progress plans. Buyers might be a part of the session at us06web.zoom.us/j/8114210933. A webcast of the presentation shall be accessible on RocketFuel’s web site at www.RocketFuelBlockchain.com/investor-relations. The webcast will even be archived and accessible for replay following the completion of the occasion.
A separate investor replace to debate the Q2 FY2023 working outcomes will happen by mid-November after its quarterly report on Type 10-Q is filed.
About RocketFuel Blockchain, Inc.
RocketFuel is a world funds answer firm that gives web shoppers with a easy, easy-to-use, one-click checkout course of that accepts funds with financial institution transfers, Bitcoin and 50+ cryptocurrencies. RocketFuel delivers a extremely safe and environment friendly buying cart expertise with considerably low charges for retailers, together with the advantages of no chargebacks and no card declines. RocketFuel’s options concentrate on enhanced buyer privateness safety eliminating the chance of a knowledge breach whereas bettering velocity, safety, and ease of use. Buyers on RocketFuel powered on-line shops get pleasure from seamless check-out and overlook the clunky cart paradigm of the previous. RocketFuel retailers can implement new impulse shopping for schemes and generate new gross sales channels which are unavailable in different present-day e-commerce options. Extra details about RocketFuel is out there at: www.RocketFuelBlockchain.com
Ahead-Wanting Statements Disclaimer:
The Firm believes that this press launch comprises forward-looking statements as that time period is outlined within the Personal Securities Litigation Reform Act of 1995. Phrases comparable to “might,” “may,” “would,” “ought to,” “might,” “undertaking,” “estimate,” “pro-forma,” “predict,” “potential,” “technique,” “anticipate,” “try,” “develop,” “plan,” “assist,” “consider,” “proceed,” “intend,” “anticipate,” “future,” and phrases of comparable import (together with the adverse of any of those phrases) might determine forward-looking statements. Such forward-looking statements, together with however not restricted to statements relating to the plans and targets of administration for future operations, are based mostly on administration’s present expectations and are topic to dangers and uncertainties that would trigger outcomes to vary materially from the forward-looking statements. Precise outcomes and the timing of sure occasions and circumstances might differ materially from these described by the forward-looking statements because of these dangers and uncertainties. Components which will affect or contribute to the accuracy of the forward-looking statements or trigger precise outcomes to vary materially from anticipated or desired outcomes might embody, with out limitation, market acceptance of the corporate’s services; competitors from current merchandise or new merchandise which will emerge; the implementation of the corporate’s enterprise mannequin and strategic plans for its enterprise and our merchandise; estimates of the corporate’s future income, bills, capital necessities and want for financing; present and future authorities laws; and developments regarding the corporate’s opponents. Readers are cautioned to not place undue reliance on forward-looking statements due to the dangers and uncertainties associated to them. For additional data on such dangers and uncertainties, you’re inspired to assessment the Firm’s filings with the Securities and Change Fee (“SEC”), together with its Annual Report on Type 10-Okay for the fiscal 12 months ended March 31, 2022 and its Quarterly Report on Type 10-Q for the fiscal 12 months quarter June, 2022. The Firm assumes no obligation to replace any forward-looking statements because of new data or future occasions or developments, besides as required by regulation.
For extra data, please contact:
Ben Yankowitz, CFO
ClearThink Investor Relations
Leave a Reply