Friday, June 24, 2022

Ubiquitech Software Corp (OTCMKTS:UBQU) Reports Strong Growth

Ubiquitech Software Corp (OTCMKTS:UBQU) is a penny stock cannabidiol play that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. UBQU stock’s latest catalyst is the company’s recent release of financial results, which appear to show a major jump in growth.

Fourth quarter and fiscal year end 2016 financial results. Revenues for the quarter increased to $1,225,015 and to $3,493,113 for the year. Earnings increased 840% from the previous year to $334,350 from $39,651 in 2015.

Ubiquitech Software Corp (OTCMKTS:UBQU) trumpets itself as a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries like its subsidiary HempLifeToday.com.

HempLifeToday focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers, HempLifeToday.com has developed multiple and proprietary CannazALL CBD oil products that include; It’s popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Crumble, and e-liquid

UbiquiTECH Software Corp. was incorporated in 2007 and is based in Denver, Colorado.

According to company materials, “Ubiquitech Software Corp., through its subsidiaries is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries like its subsidiary HempLifeToday.com. HempLifeToday focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.com has developed multiple and proprietary CannazALL CBD oil products that include: its popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Crumble, and e-liquid.”

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The company cites superior USA grown and formulated CannazALL hemp CBD products, their fast Rapid Ship same day processing, excellent customer support via phone and email, and extensive knowledge of marketing through their in-house agency as the main reasons for their continual growth and profitability.

According to the release, the company has “set its goals high for 2017, with a new and improved product line, increased consumer awareness through its strategic use of Internet marketing, a name and symbol change that will allow the company unlimited growth, and complete commitment to excellence in every area.”

“We are really just starting,” said James Ballas, CEO, “and we think of 2017 as the first year that we hit the ground running at full throttle. This will show greatly in the first quarter and throughout the year as I believe we increase our customer base, and our sales, at a more rapid rate this year than we ever have before, and that is what we are going to do.”

The company encourages all shareholders to listen in to the live conference call at 4:30 EST today. Details about this call can be found in the press release from 1.20.2017.

Recent action has seen close to 120% piled on for shareholders of the listing during the trailing month, a bounce that has taken root amid largely bearish action over the larger time frame. The situation may be worth watching. UBQU stock has a history of dramatic rallies. What’s more, the company has benefitted from a jump in recent trading volume to the tune of a bit over 230% above its longer run average levels. Since we last covered the name, the stock has moved 71.4% higher.

Currently trading at a market capitalization of $2.4M, Ubiquitech has a bankroll ($132K) of cash on the books, which must be weighed relative to virtually no total current liabilities. The company is pulling in trailing 12-month revenues of $3.5M. In addition, as already noted, UBQU stock is seeing major top line growth, with y/y revenues growing at 840%. As more color becomes clear on the name, we will review the situation and update our take. For continuing coverage on shares of UBQU stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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