UnitedCorp Announces First Quarter Financial Results

- May 17th, 2019

UnitedCorp (OTC:UAMA), a blockchain-focused company announced its first quarter financial report. The company reported US$1.4 million in revenues for the quarter, with consolidated EBITDA standing at US$639,000. As quoted in the press release: 2019 Q1 Highlights (all figures in US dollars) Revenue in the quarter of $1,423,485 was primarily generated through the BlockchainDome Heat Station for … Continued

UnitedCorp (OTC:UAMA), a blockchain-focused company announced its first quarter financial report. The company reported US$1.4 million in revenues for the quarter, with consolidated EBITDA standing at US$639,000.

As quoted in the press release:

2019 Q1 Highlights
(all figures in US dollars)

  • Revenue in the quarter of $1,423,485 was primarily generated through the BlockchainDome Heat Station for hosting, management and power and includes $276,628 of consulting revenue with an operating profit of $854,684(1), with dome operations contributing $578,077 to the operating profit

  • Consolidated net earnings for the quarter were $388,414

  • Consolidated EBITDA for the period was $639,125(2)

  • Increase in tangible assets to $3,887,763

  • 5,000 miners in service at (8.5 megawatts)

Click here to read the full press release.

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