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Binovi Technologies $VISN.ca $BNVIF Q3 2020 Revenue Up, Increasing Top-Line and Gross Margin Results $EYPT $KALA $PTON $WELL.ca $DOC.ca $DOCRF

Posted by AGORACOM-JC at 9:38 AM on Thursday, January 21st, 2021

Q3 2020 Financial Highlights:

  • Revenue increased by more than 100% in Q3 2020, in comparison to Q3 2019.
  • A combined $3.12 Million raised through private placement subscriptions with strategic investors.

January 21, 2021 – Toronto – Binovi Technologies Corp. (Binovi) (TSXV:VISN ) I ( OTC:BNVIF ) | ( GR:2EYA ) a leader in neuro-vision performance technology, reports results for the Company’s fiscal third quarter, ended November 30, 2020. The Company’s net sales results continue to be affected by the global health crisis. Increased demand for products across multiple categories led to an increase in top-line and gross margin results.

“Strategically positioned within telehealth, we believe the coming quarters will be pivotal in establishing our reputation and status as a competitor within this rapidly growing marketplace. While we are seeing strong growth across the business, it is important to recognize that we are making big investments in our people and infrastructure that are essential to support the significant growth that lies ahead. This includes big investments in our telehealth SaaS, our provider network, and personnel are critical as we scale the business,” stated Executive Chairman, Terry Booth.

Q3 2020 Financial Highlights:

  • Revenue increased by more than 100% in Q3 2020, in comparison to Q3 2019.
  • A combined $3.12 Million raised through private placement subscriptions with strategic investors.

Operational Highlights:

  • Since the launch of Binovi, more than 800 organizations have been registered and have used the platform for vision therapy and/or sports vision performance. These organizations have created nearly 31,000 users, together completing more than 400,000 active sessions centered around the Binovi Library list of activities, custom activities created by our member organizations.
  • Advanced the development of the company’s web-based telehealth SaaS, Binovi Connect. The beta launch of the platform is planned for Q1 2021.
  • Product marketing continues to grow brand awareness and promote sales, with an increase of 300% in website traffic, with improvements in direct media marketing and general top-of-mind awareness.

Read more: https://agoracom.com/ir/BinoviTechnologies/forums/discussion/topics/753563-binovi-technologies-q3-2020-revenue-up-increasing-top-line-and-gross-margin-results/messages/2299224#message

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