ChineseInvestors.com Inc (OTCBB:CIIX) filed its quarterly report on Form 10-Q for the quarter ended February 28, 2015. The subscription revenue came at $178,158 compared to $189,391 in the quarter ended February 28, 2014. The decline in subscription revenue was within a range of normal variance.
The investor relations revenue declined to $596,190, much lower than investor relations revenue of $1,174,105 recorded in the same quarter, a year ago. The cost of services sold jumped to $290,953 from $232,905 recorded in the same quarter in 2014.
The expenses
ChineseInvestors.com reported that SG&A expenses jumped to $399,945 from $350,245 recorded in the same quarter, a year earlier. The increase in expenses was due to the additional expenses incurred in developing relationships and cashing on opportunities within the burgeoning cannabis industry.
The advertising expenses came at $125,069 compared to $52,940 in 2014. The increase in advertising costs was due to increased focus on acquisition of new subscribers. The company invested in new sourcing methodology including Google Ad Words and others.
The details
ChineseInvestors.com Inc (OTCBB:CIIX) net profit margin improved in the recent quarter due to renewed focus on direct investment in early stage Cannabis firms. The company witnessed extreme price fluctuations and volatility in the stock. During 3Q2015, it continues to work on its core business as well as grab other new opportunities related to its operations.
The management stated that they understand company’s business relies heavily on the health of the financial markets. The existing financial crisis has led to lower activity levels. Also, the customers are reducing costs and intensifying their focus due to challenging market conditions.
In last trading session, the stock price of CIIX declined more than 10% to close the trading session at $0.500. The decline came at a massive share volume of 114,398 compared to average share volume of 9,838. The market cap stands at 3.62 million.
