RocketFuel Blockchain, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 14, 2022 at 02:51 pm
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RocketFuel Blockchain, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 0.041815 million compared to USD 0.009375 million a year ago. Net loss was USD 1.24 million compared to USD 1.18 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.05 a year ago.
For the six months, sales was USD 0.049947 million compared to USD 0.011875 million a year ago. Net loss was USD 2.19 million compared to USD 2.38 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.1 a year ago.
RocketFuel Blockchain, Inc. provides payment solutions to businesses enabling them to make and receive payments with cryptocurrencies and via bank transfers, including ACH. The Company's solutions consist of a blockchain-based check-out system enabling shoppers on e-commerce sites to pay using cryptocurrencies and direct bank transfers, a payouts solution that enables businesses to make payments to their vendors and service providers via cryptocurrencies and bank transfers, and a B2B cross border solution allowing businesses to send cross-border payments to themselves and their affiliates and subsidiaries using stable coins. Its check-out systems also include a customer portal where shoppers are able to track their payments, configure payment defaults and connect with various cryptocurrency exchanges and banks to facilitate payment to merchants. It enables merchants to integrate a pop-up user interface that allows customers to pay directly from their ecommerce checkout page.
ROCKETFUEL BLOCKCHAIN, INC. 
