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Fortune Valley Treasures Inc   (FVTI)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail
 
Price: $4.6800 $0.03 0.645%
Day's High: $4.68 Week Perf: 1.96 %
Day's Low: $ 4.68 30 Day Perf: 39.7 %
Volume (M): 0 52 Wk High: $ 4.95
Volume (M$): $ 0 52 Wk Avg: $3.58
Open: $4.68 52 Wk Low: $1.76



 Market Capitalization (Millions $) 73
 Shares Outstanding (Millions) 16
 Employees 1
 Revenues (TTM) (Millions $) 9
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Fortune Valley Treasures Inc

Fortune Valley Treasures, Inc. (formerly Crypto-Services, Inc.) was incorporated in the State of Nevada as a for-profit company on March 21, 2014 and established a fiscal year end of August 31. We are a development-stage Company established to offer an information based website at www.digitalcoindaily.com that would provide users with up-to-date information on the leading digital currencies. We purchased the URL www.digitalcoindaily.com and plan to launch a website to provide daily news and updates for users of digital currencies. Some of the information we intend to provide included: information on the major digital currency exchanges including their current exchange rates, fee structures and volumes; news on major legal developments surrounding digital currencies, adoption of digital currencies by major retailers and other institutions and development of new hardware and software targeted at servicing digital currency users. We plan to generate revenue by advertising and referral fees.

We are a development stage entity devoting substantially all of our efforts to establishing a new business for which our planned principal operations have not yet commenced. We believe our current equity at risk is sufficient to finance our current activities.

Our auditors have issued a going concern opinion on our audited financial statements for the year ended August 31, 2017. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we launch our business platform. There is no assurance we will ever reach this point. Accordingly, we must raise cash from other sources. Our only other source for cash at this time is investments by others or loans from our shareholders or officers. We have no assurances that such loans will become available upon acceptable terms when the funds are required for our operations.



   Company Address: B1601 Donogfang Yinxiang Building Dongguan 523000
   Company Phone Number: 769-85729133   Stock Exchange / Ticker: FVTI
   FVTI is expected to report next financial results on March 30, 2024.


   

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Fortune Valley Treasures Inc

Fortune Valley Treasures Inc Faces Steep Revenue Decline, Adding to Challenging Financial Quarter Ending Jun 30, 2023



In a challenging second quarter for Fortune Valley Treasures Inc (FVTI), the company reported a decline in both revenue and net shortfall, indicating a tough period for the organization. Let's delve into the financial details to assess the implications and look for potential future trends.
Declining Earnings and Revenue:
For the April to June 30, 2023 financial period, FVTI recorded a shortfall per stock of -$0.02 per share, compared to $0.05 per share in the same period the previous year. This represents a negative growth rate in terms of profitability. Moreover, the shortfall grew from -$0.01 per share from the prior reporting season, further highlighting the company's struggles in achieving profitability.

Fortune Valley Treasures Inc

Fortune Valley Treasures Inc reports exceptional first quarter growth, records $0.07M tax charge

Fortune Valley Treasures Inc, a specialty retail company, has shown remarkable growth in the first quarter of 2023. The company announced a surge in revenue by 29.599% to $1.64 million from the comparable reporting season a year before. However, it has also shown an increase in losses, with a loss of $-0.01 per share. Sequentially, income per share improved from $-0.24 per share but revenue tumbled by -39.89% from $2.72 million.
Despite the mixed financial results in the first quarter, Fortune Valley Treasures Inc remains optimistic about its future prospects. The company has been expanding its product range and its online presence, which it hopes will drive sales growth in the coming quarters. These efforts seem to be paying off, as the company saw a significant increase in its revenue during the first quarter.






 

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