XY — the Persistent Company Announces 2018 Full-Year Audited Financial Report and Results
2018 Marked by Continued Global Sales Growth, Employee and Location Buildout, Increased Community Support for XYO Platform and Ecosystem
SAN DIEGO, CA, May 7, 2019 — XY — The Persistent Company, parent company to XYO, the geospatial cryptonetwork, today reported financial results for the full fiscal year ending December 31, 2018.
Revenue for the full fiscal year 2018 was approximately $21.6 million, as compared to approximately $1 million in revenue for the prior fiscal year. In 2018, the Company launched the Geomining Kit product, which contributed to strong revenue growth in hardware sales. Additionally, the Company introduced the “XYO” blockchain protocol, and conducted a Token Sale. The sale of XYO Tokens and the significant increase in sales of XY Findables products in the U.S. and abroad contributed to growth.
Please see the complete news release HERE.