VERUS INTERNATIONAL ACHIEVES RECORD QUARTERLY REVENUE AND PROVIDES UPDATE TO BUSINESS PROGRESS
VERUS INTL INC (VRUS)
Company Research
Source: GlobeNewswire
Gaithersburg, MD, April 29, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) reported results for its first fiscal quarter ended January 31, 2020. In conjunction with this release, the Company is also providing additional details on recently announced business opportunities that will impact the 2020 financial year. For Q1 2020, management is noting the following items of importance: Revenue set an all-time record of $6.2 million, an increase of 153% over the $2.4 million reported in Q1 2019.Gross profit margin improved to 18.4%, approximately 340 basis-points higher than the 15.0% reported in Q1 2019 and 320 basis-points higher than the average of the trailing four fiscal quarters.Operating expenses of $2.7 million were $2.3 million higher than the $0.4 million reported in Q1 2019, as a result of a $1.7 million increase in stock-based compensation and higher expenses across all other categories to support the record revenue including
Show less
Read more
Impact Snapshot
Event Time:
VRUS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VRUS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VRUS alerts
High impacting VERUS INTL INC news events
Weekly update
A roundup of the hottest topics