ACCESSWIRE - Aug 6 - Total revenue of $7.4M increased 18.5% YOY due to the company's new business solutions offerings and recognition of revenue from the technology services agreement with ProximaX Limited. Revenue generated from technology services totaled $2.1M. Net loss was ~$1.9M, driven by non-operating losses of ~ $2M from a decrease in the fair value of digital tokens received by the company in connection with the ProximaX technology services agreement. PeerStream Business Solutions provide consulting, services and support related to blockchain technology adoption for corporate clients.
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Summarized by the IDEA team
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