840% more transactions, more revenue
Conference call scheduled for Thursday, November 17th at 4:30 PM ET
SAN FRANCISCO, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Co., Ltd. (OTCQB: RKFLMore) (“RocketFuel” or the “Company”), a global provider of ACH bank transfer, Bitcoin and other cryptocurrency payment solutions, announced today its financial and operational results for the second quarter ended September 30, 2022. announced the results.
Revenue for the second quarter ended September 30, 2022 increased 515% from the prior quarter to $41,815. This growth was attributed to an 840% increase in the number of transactions processed in Q2 versus Q1. Earnings in the second quarter of the fiscal year were higher than his previous four quarters combined.
RocketFuel CEO Peter Jensen said: .
“We saw an exponential increase in the number of crypto payment transactions as our payment partner merchants increasingly went live, resulting in a significant increase in revenue from last quarter.Indirectly through payment service providers and other partners. Our sales strategy of selling to Yahoo! it is continuing.
“This quarter saw an increase in the number of merchants going live, including at least one with over $1 billion in overall revenue. , saw some customers switch from paying with credit cards to cryptocurrencies and trading has started, exceeding credit cards will increase their share of this overall $1 billion revenue. We’re following the same proven model as startups like Amazon, Salesforce, etc. by focusing on revenue and growth, and we’re seeing it take off. Our team is also advancing our capital markets strategy to increase visibility, visibility and shareholder value,” concludes Jensen.
major highlights quarter included:
Business Highlights for the Second Quarter of Fiscal 2023 Ending September 30, 2022
- Partners with ACI Worldwide to Deliver Next Generation Loyalty Programs to ACI’s 80,000 Merchants
- Partners with PaymentCloud to Offer “Pay With Crypto” to Merchants
- Partnering with the Genius X Accelerator Launchpad for Token Offerings to Support Loyalty Programs
- Provide MVP for new B2B cross-border payment solutions
- Licensed to operate as a Virtual Asset Service Provider (VASP) in the EU. This enables various virtual and fiat currency conversion and exchange services.
Followed by The end of the number two finance Quarter ended September 30, 2022
- World’s First Crypto Payment Loyalty Program Launched at Money2020 Trade Show in Las Vegas
RocketFuel will host a shareholder update conference call on Thursday, November 17 at 4:30 pm ET to discuss second quarter 2023 results.
Second stage 2022 Quarterly Conference Call
date: Thursday, November 17, 2022
time: 4:30 PM ET
about RocketFuel Blockchain,Ltd
RocketFuel is a global payment solutions company that provides online shoppers with a simple, easy-to-use, one-click checkout process that accepts payments via bank transfer, Bitcoin, and over 120 cryptocurrencies. RocketFuel provides a highly secure and efficient shopping cart experience and significantly lowers merchant fees. It also has the advantage of no chargebacks or card rejections. RocketFuel’s solutions focus on improving speed, security, and ease of use while eliminating the risk of data breaches and enhancing customer privacy protection. Shoppers at RocketFuel-powered online stores enjoy a seamless checkout and forget the clumsy cart paradigm of the past. RocketFuel merchants can implement new impulse buying schemes and create new sales channels not available with other current e-commerce his solutions. For more information on RocketFuel, please visit: www.RocketFuelBlockchain.com
Disclaimer of forward-looking statements:
We believe this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. “project”, “estimate”, “pro forma”, “forecast”, “possibility”, “strategy”, “forecast”, “try”, “development”, “plan”, “support”, “believe”, The words “continue,” “intend,” “expect,” “future,” and similar significant terms (including the negative of these terms) may identify forward-looking statements. Such forward-looking statements, including, but not limited to, statements regarding management’s future business plans and objectives, are based on management’s current expectations and are substantially different from forward-looking statements. Subject to risks and uncertainties that may lead to different results. Actual results, timing of particular events or circumstances may differ materially from those set forth in forward-looking statements as a result of these risks and uncertainties. Factors that may affect or contribute to the accuracy of forward-looking statements or cause actual results to differ materially from those anticipated or desired include market conditions for the Company’s products and services. Including but not limited to acceptance. Competition from existing products or new products that may emerge. Implementation of the company’s business model and strategic plans for its business and products. Estimates of the company’s future revenues, expenses, capital requirements and funding needs. Current and Future Government Regulations. Developments related to the Company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements due to the risks and uncertainties associated with them. Further information regarding such risks and uncertainties is available from the Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K for the fiscal year ended March 31, 2022 and its quarterly reports. ) to review company filings. Report on Form 10-Q for the quarters ended June 30 and September 30, 2022. We undertake no obligation to update any forward-looking statements, whether as a result of new information or future events or developments, except as required by law.
For more information, please contact:
Ben Jankowitz, CFO
ClearThink Investor Information