Karma 2019.Q3 Financial Report

Hello, dear friends!

Let’s discuss our financial results for the 3rd quarter of 2019. You can check the detailed data in the comfortable Google Spreadsheet, including historical data by quarters.

Google Team in 1998 or 1999. Btw, Google generated it's first profit only in 3 years after inception, see their SEC S-1 IPO filings.

Key points:

• Our total net quarterly loss is $147,984 which is 267% better than it was a year before, back in 2018.Q3.
• Our quarterly operational expenses have grown +9% to 2019.Q2 because we've started to increase marketing investments.
• Quarterly net loss in Q3 was a hair less than in 2019.Q2.
• Our runway time is roughly 9 quarters. I.e. if we sell our loans at the secondary market and exchange our digital assets to USDs, we will have enough cash to run for 2+ years. That means we're going to invest more in marketing to grow our user base and loan volume.
• We have increased our user base by +203% since Q2.
• And increased our accredited investors' number by +110%.
• The amount of the investors' deposits to the loans has grown +166%.

What’s next:

• Our main focus is to grow the volume of loans at the platform to become self-sustainable. The target volume is roughly $1.5M each month. In August we’ve got approx. $120k, which is x6.8 times better than in February. If we keep our growth speed, we will reach self-sustainability in 8 months.

Cheers ˆ_ˆ