(NewMediaWire) - June 25, 2024 - BOTS, Inc. (OTC PINK: BTZI) ("The Company"), a leading provider of advanced robotic automation and blockchain technology solutions, reports its financial highlights for the fiscal year ending December 31, 2023, along with promising projections for Q1 2024.Year-End 2023 Financial Highlights:
- Total Assets: Increased to $16.3 million, a significant rise from $7.5 million.- Revenue: Reached $1.69 million, marking the company’s strong entry into revenue generation.- Net Income: Reported at -$1.03 million, reflecting strategic investments for future growth.- Intellectual Property: Valued at $8.5 million, underlining the company's strong asset base in blockchain patents.
Simon Rubin, CEO of BOTS, Inc., commented, "Our 2023 financial results underscore our strategic progress and solid foundation in blockchain technology. We are committed to driving innovation and expanding our market footprint."
Q1 2024 Projections:
- Projected Revenue: $635,996, reflecting the positive impact of consolidating Bullet Blockchain, Inc.- Operational Efficiency: Continued focus on integrating subsidiary operations to enhance profitability.
"With the integration of Bullet Blockchain, we anticipate a substantial boost in our financial performance," added Rubin. "Our Q1 projections are a testament to our robust business model and growth strategy."
Strategic Acquisitions and Future Outlook:
The acquisition of Bullet Blockchain, Inc. and strategic realignments have positioned BOTS, Inc. for accelerated growth in the blockchain sector. The company’s comprehensive portfolio, including its valuable patents, provides a competitive edge in the burgeoning market of cryptocurrency ATMs and blockchain solutions.
BOTS, Inc. continues to prioritize shareholder value through strategic investments, operational efficiency, and market expansion. The company's robust financial health and forward-looking strategies are designed to capitalize on emerging opportunities in blockchain technology and cryptocurrency mining.
About BOTS, Inc.
BOTS, Inc. is a global technology company specializing in AI and blockchain-based solutions, including decentralized finance applications, and cybersecurity solutions, and owns a portfolio of digital assets and crypto-related businesses such as BeadSwap, a decentralized crypto exchange and Cyber Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company. BOTS, Inc. is developing a friendly AI assistant modeled after the personality of Scott Adams and designed to be a personal friend to our customers -incorporating multiple features, some of which are found in the popular Chat-GPT.Track BTZI news on Facebook @https://www.facebook.com/Bots.Bz/
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Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed on the Company's website and filings.
Contact Information:For more details, visit www.bots.bz or contact:BOTS, Inc.Telephone: 939-212-9068
