#CBD; The Socially Accepted and Brand Building Product of 2019 (OTC: $RLBD) (NYSE: $APHA) (NYSE: $CGC) (NASDAQ: $NEPT)

#CBD; The Socially Accepted and Brand Building Product of 2019 (OTC: $RLBD) (NYSE: $APHA) (NYSE: $CGC) (NASDAQ: $NEPT)

Point Roberts WA, Delta, BC – November 15, 2019 - Investorideas.com, a leading investor news resource covering cannabis and hemp stocks releases a sector snapshot featuring Real Brands, Inc. (OTC:RLBD), reporting on the increased focus towards branding as both the CBD and cannabis industries mature across North America.

Cannabis and CBD products are becoming more socially accepted and consumer awareness regarding these products continues to grow, which is making many companies focus more on brand building with their current product offerings, with one of the key market drivers being quality and consistency. 

Read this in full at https://www.investorideas.com/news/2019/cannabis/11151CBD-RLBD-APHA-CGC-NEPT.asp

In recent news, “the US Cannabidiol (CBD) market is expected to rise significantly during the period 2019-2023. The market is expected to be driven by various growth enhancing factors such as aging population, growing use of CBD among millennials, increasing prevalence of arthritis, removal of hemp from Controlled Substance Act, etc.”

Nielsen predicts that, “By 2025, the U.S. hemp-derived CBD market could be a $6 billion industry when considering legalized sales of food and beverage products containing CBD from hemp.”

Real Brands, Inc. (OTC:RLBD), a leading brand building company in the legal Hemp-Derived CBD consumer products category, is targeting CBD categories including: ingestibles, edibles and topicals.  The Company recently announced signing a Letter of Intent with Wonder Labs, LLC to create a joint venture to leverage Real Brands brand building and sales capabilities with Wonder Labs product development and production capabilities. The joint venture will focus on accelerating development of innovative hemp derived CBD and other unique high-value consumer products and launching these products online and through traditional retail channels.

“As we prepare to launch our HempAid®, Humboldt Brands®, Omegahemp™ and CBD Pharmacy™ brands, we have identified areas where we might benefit from additional resources,” said Real Brands CEO, Jerry Pearring. “By combining certain of Real Brands resources with Wonder Labs, we expect both parties will benefit from the other parties distinct strengths while creating a joint venture that is broader in scope than either company individually,” said Pearring.

“As the hemp derived CBD consumer products marketplace evolves, new product innovation and speed to market are becoming increasingly important,” commented Wonder Labs CEO Vicky Arbelaez-Scoates.  “We believe this joint venture not only enhances our efforts in these areas, but it also favorably impacts multiple other aspects of our existing operations as well.”

Real Brands will have a controlling interest in the joint venture while assuming and performing all management and operational functions of the joint venture.  In addition, Wonder Labs will initially contribute a new consumer product brand with innovative formulas while overseeing production of all products developed and launched by the joint venture through its affiliated owned and operated GMP and FDA certified manufacturing facility.

This follows the company closing its previously announced acquisition of the proprietary CBD formulas from Integrative Medicine US of Coral Springs, Florida. The formulas consist of Ancient Chinese and other Ancient Herbal Remedies that are paired with the latest scientific breakthroughs in endocannabinoid systems, nutrients and hemp derived CBD.

The Company’s mission statement is defined as “Building shareholder value by:

Acquiring and Developing Consumer Product brands infused with Hemp-Derived CBD,

Developing an E-commerce website, developing a tradition mass market distribution, developing local, regional and national retail relationships and partnering with innovative and strategic companies involved with Hemp-Derived CBD.”

Aphria Inc. (TSX: APHA) (NYSE: APHA) has been seeing some successes with their cannabis brands in the Canadian market having recently announced that all five of its medical and recreational brands, as well as its subsidiary, Broken Coast Cannabis' Head Grower were recognized at the 6^th Annual Canadian Cannabis Awards presented by Lift & C.

The Company received a total of seven awards. An expert panel of judges awarded Broken Coast's Head Grower, Kevin Anderson 'Master Grower' and Aphria's Solei's CBN Renew oil, 'Innovation of the Year'. Additionally, after more than 31,000 Canadians voted, the Company's adult-use brands Solei, RIFF, Good Supply, Broken Coast, and its medical brand Aphria, took home top honours in product categories.

"We are thrilled to have not only all five of our brands across our medical and recreational portfolios – Solei, RIFF, Good Supply, Broken Coast and Aphria – recognized by thousands of Canadians but to have our Solei Renew CBN oil win 'Innovation of the Year'," said Irwin D. Simon, Interim CEO of Aphria. "These awards speak to the quality of our products and strength of our brands, as well as our commitment to innovation and continuously setting the bar higher to deliver products we believe meet the needs of our patients and consumers."

"We are proud to see the hard work of Kevin Anderson, Head Grower at Broken Coast honored," added Simon. "Broken Coast's superior craft quality is just one reason why it continues to receive accolades and remains one of the most sought-after brands on the market; another key factor is Kevin's expertise, leadership and direction. We congratulate Kevin, and the teams in British Columbia and Ontario for the award-winning work they continue to deliver. Aphria's success will continue to be driven by our incredible employees, and compelling and differentiated portfolio of brands and products."

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and Aubrey Drake Graham ("Drake") recently announced that they have entered into agreements to launch the More Life Growth Company^TM, a fully licensed producer of cannabis, based in Drake's hometown of Toronto, Canada.

"When we first began talks with Drake we were extremely inspired by and aligned with his vision to bring best-in-class cannabis products to the world," said Mark Zekulin, CEO of Canopy Growth Corporation. "Drake's perspective as a culture leader and entrepreneur combined with Canopy Growth's breadth of cannabis knowledge will allow our new company to bring an unmatched cannabis experience to global markets."

Drake's eclectic career includes experience across a wide variety of industries including music, television, film, fashion, sports, brand development, content curation and social and digital media strategy. Having launched numerous successful brands over the past decade, he is uniquely positioned to bring his innovative eye to the recreational cannabis industry.

"The opportunity to partner with a world-class company like Canopy Growth on a global scale is really exciting," shared More Life Growth Company founder, Drake. "The idea of being able to build something special in an industry that is ever growing has been inspiring. “More Life and More Blessing."

Proudly based in Drake's hometown of Toronto, Ontario, More Life^TM is centered around wellness, discovery and overall personal growth with the hope of facilitating connections and shared experiences across the globe.

"All in all, we couldn't be more excited to partner with Drake to bring his vision for the More Life Growth Company to global cannabis markets," concluded Mr. Zekulin. "We anticipate a long, successful, and mutually beneficial working relationship."

The Company and Drake will share further details on the More Life^TM team and vision in the weeks to come.

Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT), a health and wellness company focused on extraction, purification and formulation of cannabinoids, announced that it has entered into a collaboration agreement with International Flavors & Fragrances Inc. to co-develop hemp-derived CBD products for the mass retail and health & wellness markets. App Connect Service, Inc. is also a party to the agreement to provide related branding strategies and promotional activities.

Under this strategic product development partnership, IFF will leverage its intellectual property (IP) for taste, scent and nutrition to provide essential oils and product development resources. Neptune will leverage its proprietary cold ethanol extraction processes and formulation IP to deliver high quality, full- and broad-spectrum extracts for the development, manufacture and commercialization of hemp-derived products, infused with essential oils, for the cosmetics, personal care and home care markets.

The first products are expected to launch under Neptune's Forest Remedies brand at US retailers in the first half of calendar 2020. The Initial launch will include a variety of topical products across the aromatherapy category, a market estimated at approximately $3 billion annually. Additional category launches should follow and the total SKU count could ultimately exceed 50 SKUs. Neptune will be responsible for the marketing and sale of the products. Neptune will record revenues from product sales and in turn will pay a royalty to each of IFF and App Connect associated with the sales of co-developed products.

"The agreement represents a significant event in the development of our global cannabis business, expanding our business model from primarily B2B to include a robust B2C business platform. IFF has an impressive track record, remarkable capabilities and global reach. This partnership will accelerate Neptune's vision and growth strategy to be the leading producer of hemp extracts ingredients and finished products for the global health & wellness and Consumer Packaged Goods industries. We are also now better positioned to leverage our management's experience building brands and relationships with key North American retailers," stated Michael Cammarata, CEO of Neptune.

"We are pleased to enter this strategic partnership and drive innovation that satisfies customers' demands for quality, sustainability and traceability," said Nicolas Mirzayantz, Divisional CEO, Scent at IFF. "The hemp-derived CBD products we are developing will target consumer preference towards natural health & wellness products."

Christophe de Villeplee, IFF's SVP Global Consumer Fragrance added, "With health & wellness a key pillar of IFF's strategy, we believe this new partnership will greatly benefit from IFF-LMR's global expertise and leadership in naturals.”

Whether through strategic partnerships and JV’s for companies like Real Brands or having a massive in-house infrastructure like some of the leaders, having quick access for new product innovation and speed to market is becoming increasingly important when it comes to brand building and as this market is still far from full maturation, there is currently an abundance of brand opportunity in the future.

With professional athlete Scott Piercy, World-renowned PGA Tour Professional Golf Pro signing on as brand ambassador for Real Brands and music icon Snoop Dog lending his name to new products, the industry is ramping up for a real battle of the brands.

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining,  the AI Eye .

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring RLBD is a paid for news release on Investorideas.com – third party (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Strong Earnings & Growth Keep the Momentum Going in #Solar (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)

Strong Earnings & Growth Keep the Momentum Going in #Solar (OTCQB: $SING) (NYSE: $VSLR) (NASDAQ: $SEDG) (NASDAQ: $RUN)

Point Roberts WA, Delta BC – November 15, 2019 - Investorideas.com, a leading investor news resource covering solar stocks releases a sector snapshot looking at solar company earnings and the anticipated growth in the sector, featuring news from Direct Solar of America, a subsidiary of Singlepoint Inc. (OTCQB: SING).

Other solar stocks included in this earnings snapshot include; Vivint Solar Inc. (NYSE: VSLR), SolarEdge Technologies, Inc. (NASDAQ: SEDG) and Sunrun Inc. (NASDAQ: RUN).

Solar companies are facing the challenges and the opportunities in a market that is witness to growing demands due to climate change, a next generation of residential consumers that are pro- solar, new technology disruption and pricing that, for the first time is competitive to fossil fuels.

Read this in full at https://www.investorideas.com/news/2019/renewable-energy/11151Solar-Earnings-Growth.asp

According to a recent report by the IEA (https://www.iea.org/), ‘Global solar PV market set for spectacular growth over next 5 years,’  “The installation of solar PV systems on homes, commercial buildings and industrial facilities is set to take off over the next five years, transforming the way electricity is generated and consumed, according to the International Energy Agency’s latest renewable energy market forecast.”

“The report forecasts that the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. This increase of 1,200 gigawatts – equivalent to the current total power capacity of the United States – is driven by cost reductions and concerted government policy efforts. Solar PV accounts for 60% of the rise. The share of renewables in global power generation is set to rise from 26% today to 30% in 2024.”

Fairly new to the solar industry and investors following the sector, emerging company Singlepoint Inc. (OTCQB: SING) saw the growing opportunity in solar and acquired Direct Solar of America. Singlepoint Inc. just reported record Third Quarter 2019 Financial Results. The Company reported revenues of $1,050,374 for the three months ended September 30, 2019, a 176% increase over the same period in 2018. The Company said in the release, “The Company’s most recent acquisition, Direct Solar, continues to exceed revenue growth targets and has been pivotal to improving the Company’s financials.”

“This has been a great quarter for SinglePoint, we are very excited to see the growth of the company. We are establishing solid financials and we anticipate a big fourth quarter. Everything is firing on all cylinders and we continue to hit our numbers. We believe SinglePoint’s revenues will continue to grow as our subsidiary Direct Solar expanded into new markets,” states Greg Lambrecht, CEO of SinglePoint.

Looking at future growth, Direct Solar of America recently announced it signed a MOU with SchollyME. Direct Solar and SchollyME will collaborate on marketing Direct Solar through the schools that SchollyME is currently working with. The collaboration will put Direct Solar into the high school programs as a partner with SchollyME. This marketing strategy has already seen major success in driving new business for both companies.

Direct Solar of America is America’s Solar Energy Brokerage with more than 3,500 home installations, which has enabled residential solar customers to shop for options in order to find the best option for the home. Like Rocket Mortgage or Lending Tree, Direct Solar representatives provide homeowners with a variety of financing and service providers; this has made the process of buying solar much easier for homeowners. Direct Solar is operational in eight states and continues to expand its residential solar footprint. Direct Solar Commercial serves customers that own and/or manage commercial properties. Along with Direct Solar Capital, an alternative energy financing solution, commercial projects have access to $50,000 to $3 million in funding for solar installations.

SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy, announced its financial results for the third quarter ended September 30, 2019 last week and beat both earnings and revenue expectations.  The Company reported record revenues of $410.6 million, up 26% from $325.0 million in the prior quarter and up 74% from $236.6 million in the same quarter last year. Revenues related to the solar business were $387.8 million, up 26% from $306.7 million in the prior quarter and up 66% from $233.8 million in the same quarter last year.

On the company conference call, Zvi Lando, SolarEdge Technologies, Inc.’s acting CEO & Executive VP of Global Sales reported, ”I'm happy to report that once again, we concluded our quarter with record revenues of $411 million, representing strong growth led by record revenues in the US where we often see upswing in business in the second half of the year and record revenues in Europe, where typically the third quarter is not as strong due to summer holiday season. Similarly, we saw strength and growth in most other region in which we operate. These revenues were based on record quarter in our solar business of approximately $388 million. With this record revenue, we have surpassed for the first time the milestone of $1 billion of revenues in a financial year, and this has been achieved through just the first 3 quarters of 2019. This revenue growth, coupled with our gross margin levels at the upper end of our guidance and increased operational leverage has enabled us to generate record non-GAAP net income and a record net diluted non-GAAP earnings per share of $1.21.”

“In the third quarter, we shipped 1.5 gigawatts of AC nameplate inverters, approximately 598 megawatts of which shipped to North America, up from 430 megawatts shipped to North America in the previous quarter. Shipments to Europe consisted of 712 megawatts, up from 658 megawatts shipped in the previous quarter. This quarter, we shipped 543 megawatts of commercial products compared to 591 megawatts in the previous quarter. This reduction is mainly a result of the higher demand in the U.S. for residential products and prioritization of the manufacturing mix in our production lines accordingly. This quarter, we shipped approximately 4.6 million power optimizers and approximately 188,000 inverters. All in all, we have now shipped more than 45.4 million optimizers and 1.9 million inverters since launching shipment of products in January of 2010.”

Solar panel installation company, Vivint Solar Inc. (NYSE: VSLR)  announced results for the third quarter ending September 30, 2019 after market  November 6^th. Following the news, the stock rose as high as 11.6% in trading as it beat analyst revenue expectations. Installations were 9,458 for the quarter, up 25% year-over-year. Cumulative installations were 178,733. Revenue was $104 million, up 33% over the third quarter of 2018.

In the earnings call November 8^th, CEO David Bywater reported to shareholders, “We have continued to execute well, installing 65 megawatts in the third quarter, which was at the high end of our guidance. This represents 20% growth over the third quarter of last year and 18% growth year-to-date.”

“On a customer basis, our growth was 25% year over year. Demand continues to be robust for residential solar, and we believe we are well positioned for a strong finish to the year, exceeding the 15% annual growth guidance we provided at the start of the year. Our growth is coming across all of our channels, but it is strongest in our inside sales, retail and homebuilder channels, which, in the third quarter, represented 11% of our total volume, up 34% sequentially and 145% year over year. This growth is beginning to scale.”

Sunrun Inc. (NASDAQ: RUN) the nation’s leading residential solar, storage and energy services company issued its third quarter 2019 earnings report after the market close, November 12, 2019.  In the third quarter of 2019, Megawatts Deployed increased to 107 MW from 100 MW in the third quarter of 2018, a 7% year-over-year increase. Creation Cost per watt was $3.28 in the third quarter of 2019, compared to $3.34 in the third quarter of 2018.

Total revenue grew to $215.5 million in the third quarter of 2019, up $10.6 million, or 5% from the third quarter of 2018.

Consumers looking at solar during the California blackouts caused a reaction in the market and the stock gained from new interest

In the earnings release the company noted, ““Millions are suffering through forced blackouts as wildfires burn across California. We need affordable, clean, reliable power now more than ever,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder.  “Sunrun has grown its customer base 24% from last year, with more than 270,000 homes embracing local, clean energy. We expect to increase cash generation by 60% to $100 million this year, while investing in our leading customer acquisition capabilities and technology platform.”

The solar sector still has headwinds and some of the manufacturers released less than stellar earnings. But for the sector overall, the trend is their friend and consumers are demanding renewable energy options. Climate change marches globally are becoming a weekly occurrence and the next generation of consumers are demanding real solutions and a revolution, not just empty promises from governments.

“Renewables are already the world's second largest source of electricity, but their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals,” said Dr Fatih Birol, the IEA’s Executive Director.   

The sector is also being boosted by research funding to meet future demands. Last week the US Department of Energy (DOE) announced selections for $128 million in new projects to advance solar technologies. Through the Office of Energy Efficiency and Renewable Energy’s Solar Energy Technologies Office, DOE will fund 75 innovative research projects that will lower solar electricity costs, while working to boost solar manufacturing, reduce red tape, and make solar systems more resilient against cyberattacks.   

For investors following solar stocks, Investor Ideas has created a stock directory of renewable energy stocks as part of its membership. Learn more https://www.investorideas.com/membership/

Get more renewable energy investing ideas and news at our site Renewableenergystocks.com

About Investorideas.com - News that Inspires Big Investing Ideas

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Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining,  the AI Eye .

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring OTCQB: SING is a paid for service on Investorideas.com. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Reports Q3 2019 Results; Revenue at Record $9.0 Million; @weylandtechinc

Breaking #Fintech News: Weyland Tech (OTCQX: $WEYL) Reports Q3 2019 Results; Revenue at Record $9.0 Million; @weylandtechinc 

NEW YORK - November 15, 2019 (Investorideas.com Newswire) Weyland Tech, Inc. (OTCQX: WEYL), a growing global provider of m-Commerce and fintech business enablement solutions with its CreateApp™ Platform-as-a-Service (PaaS), reported results for the third quarter ended September 30, 2019. All quarterly comparisons are to the same period in 2018 unless otherwise noted.

Read this in full at https://www.investorideas.com/CO/WEYL/news/2019/11151Q3-Revenue.asp

Q3 2019 Highlights

·        Revenue, comprised of recurring subscription fees, totaled a record $9.0 million, up 26% from the previous quarter and up 7% from the year-ago quarter.

·        Net loss improved 35% from the previous quarter and 46% from the year-ago quarter to a loss of $1.1 million or $(0.01) per share.

·        Turned adjusted EBITDA positive during the final month of the quarter (see definition of this non-GAAP term, below.)

·        Increased adoption of the company's CreateApp mobile app solution for SMBs, which included new customers as well as existing customers subscribing to additional features and modules.

·        Partnered in the launch of AtozGo™, a short distance food delivery service in Jakarta, Indonesia, followed by joining forces with Grab, the leading online-to-offline mobile platform in Southeast Asia, to market the service. AtozGo addresses the need for a hyper-local, pedestrian-powered food delivery service that can make food delivery from local establishments quick and easy for office workers and urbanites. In three months since launch, lunchtime deliveries have scaled to more than 10,000 per day for 35,000 customers.

·        Appointed Sim Farar and Andre Peschong to the company's advisory board. Farar's 30 years of experience in both public and private sectors, along with Peschong's more than 25 years of senior management and capital markets experience, will provide the board with important insights and guidance as it pursues its plans for organic and acquisitive growth.

·        Raised gross proceeds of approximately $6.4 million In a private placement offering.

·        Cash and cash equivalents totaled $5.8 million at September 30, 2019.

Subsequent Events

Subsequent to the end of the third quarter, Weyland acquired 31% beneficial ownership in the owner and operator of AtozGo as well as the AtozPay™ mobile payment platform that powers AtozGo transactions.

Management Commentary

"In Q3, our topline performance was driven by growth in CreateApp subscription fees, which was due to greater adoption of our CreateApp Platform-as-a-Service by SMBs in our existing markets," said Brent Suen, president and CEO of Weyland Tech.

"Driven primarily by our highly-productive channel partners, the increased adoption included new customers as well as existing customers subscribing to additional features and modules. These results helped us turn positive in terms of adjusted EBITDA in the last month of the quarter. This momentum has continued into the fourth quarter, keeping us on track for another year of record growth and shareholder value creation.

"We recently exercised our option to acquire 31% beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of the fast-growing AtozPay and AtozGo platforms. AtozGo's unique runner-based approach to urban food delivery is quickly capturing a huge untapped market.

"Jakarta's population of 30 million, with another 3.5 million commuting daily, made the city an ideal location to launch the AtozGo delivery service. Within three months from launch, AtozGo has attracted more than 35,000 customers and continues to grow at a parabolic rate. We expect this rapid ramp up to pave the way for greater visibility with potential acquirers, like other major food delivery service providers who traditionally operate in areas that require motorized delivery. Valuations of app-based food delivery services average $330 per user, implying a current stand-alone valuation of AtozGo of more than $10 million.

"AtozPay's consumer-facing fintech solution supports users on our CreateApp PaaS platform by providing e-payment capabilities. Given the strong growth in AtozPay and AtozGo, along with the participation with major partners like Grab, we believe our new ownership position substantially enhances Weyland Tech's shareholder value.

"For Weyland, we're seeing more than $32 million in recurring revenue on a trailing 12-month basis. The market valuation for a company like ours with a 100% subscription-based recurring revenue stream should garner a several times multiple in its price-to-revenue ratio, rather than merely a fraction as it does today.

"In fact, publicly traded SaaS and PaaS companies typically trade on average at around 10x revenue, with other microcap comparables trading around 4x revenue on average. Companies with software subscription-based models attract higher multiples due to their ‘stickier,' higher-margin customer engagements that provide greater transparency into revenue and profitability.

"Given these factors, it appears that the market price of our stock does not reflect our financial performance, the quality of our revenue, and the strong prospects for our growth to accelerate over the coming quarters. However, we believe as we continue to execute on our growth plans and raise our profile in U.S. investment community, our valuation will eventually follow suit. This conclusion supported my decision in October to personally acquire nearly 100,000 shares of WEYL off the open market, with an eye to making additional purchases in the future.

"In terms of business growth and expansion, we will continue to focus on supporting our channel partners in enhancing platform offerings. We expect margins to improve as we introduce more value-added services and increase our revenue base. We are also continuing to evaluate a number of attractive merger and acquisition opportunities, including potential strategic entry points for bringing our award winning CreateApp platform to the U.S. market which is becoming increasingly mobile-centric.

"Given our momentum and proven differentiated products and strategies addressing large and growing global markets, we remain on track for another year of double-digit growth and a strong start to the new year."

Q3 Financial Summary

Revenue increased 7% to a record $9.0 million in the third quarter of 2019, as compared to $8.4 million in the same period last year. The increase was due to service revenue from customers in targeted emerging markets at lower price points.

Gross profit was $1.6 million or 17.7% of revenues as compared to $7.4 million or 87.7% of revenue in the year-ago quarter. The decrease was primarily due to a reclassification of certain R&D and sales and marketing expenses to be included in cost of services, which was enacted in the first quarter of 2019. Weyland believes the reclassification represents a more conservative approach given that its PaaS business model uses distribution partners to sell its services.

Total operating expenses decreased to $2.7 million from $9.4 million in the same year-ago period. The decrease was primarily due the reclassification of certain expenses to cost of services.

General and administrative (G&A) expenses increased 52% to $1.6 million in the third quarter 2019 from $1.0 million in the same year-ago quarter. G&A expenses in the third quarter of 2019 included $286,000 in stock-based compensation as compared to $257,000 in the same year-ago quarter.

Research and development expense decreased 75% to $1.1 million in the third quarter of 2019, as compared to $4.5 million in the same year-ago period. Sales and marketing expenses in the third quarter of 2019 decreased to zero as compared to $3.8 million in the year-ago quarter. The decreases were primarily due to the reclassification of certain expenses to be included in cost of services.

Net loss improved to $1.1 million or $(0.01) per basic and diluted share from a net loss of $2.0 million or $(0.05) per basic and diluted share in the same year-ago period.

At September 30, 2019, cash, cash equivalents and marketable equity securities totaled $5.8 million, compared to $5.3 million on June 30, 2019. The increase was primarily the result of proceeds from an equity offering.

Nine Month Financial Summary

Revenue increased 43% to a record $24.6 million in the first nine months of 2019, as compared to $17.3 million in the same period last year. The increase was due to service revenue from customers in targeted emerging markets at lower price points.

Gross profit decreased 71% to $4.4 million or 17.7% of revenue compared to $15.2 million or 87.7% of revenue in the year-ago quarter. The decrease was primarily due to a reclassification of certain research & development and sales & marketing expenses.

Total operating expenses decreased 62% to $7.2 million from $18.7 million in the same year-ago period. The decrease was primarily due to the aforementioned reclassification of certain expenses.

General and administrative expenses increased 35% to $3.5 million in the third quarter 2019 from $2.6 million in the same year-ago quarter. G&A expenses in the first nine months of 2019 included $1.5 million in stock-based compensation as compared to $1.2 million in the first nine months of 2018.

Research and development expense decreased 60% to $3.2 million in the third quarter of 2019, as compared to $8.1 million in the same year-ago period. Sales and marketing expenses for the nine months of 2019 were $390,000, as compared to $7.8 million in the same year-ago period. The decreases were primarily due to a reclassification of certain R&D and sales and marketing expenses.

Net loss was $2.8 million or $(0.06) per basic and fully diluted share, compared to net loss of $3.6 million or $(0.13) per basic and fully diluted share in the same year-ago period.

Conference Call

Weyland management will host a conference call to discuss its third quarter 2019 results tomorrow morning, followed by a question and answer period.

Date: Friday, November 15, 2019

Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)

Toll-free dial-in number: 1-888-394-8218

International dial-in number: 1-323-701-0225

Conference ID: 7147694

Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact CMA at 1-949-432-7566.

A replay of the call will be available after 7:30 p.m. Eastern time on the same day through November 29, 2019, as well as available for replay via the Investors section of the Weyland website at www.weyland-tech.com/ir.

Toll-free replay number: 1-844-512-2921

International replay number: 1-412-317-6671

Replay ID: 7147694

About Weyland Tech

Weyland Tech, Inc. operates as a Fintech focused company and is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.

Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.

The company's subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world's fourth most populous country. AtozGo is a fast-growing short-distance food delivery service in Jakarta, Indonesia.

For more information, visit www.weyland-tech.com..

About the Use of Non-GAAP Financial Measures

Weyland management believes the use of adjusted EBITDA is helpful to assessing the company's financial performance. The company defines adjusted EBITDA as income before interest and financing expense, provision for income taxes, depreciation and amortization, stock-based compensation and acquisition expense.

Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States or GAAP. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company's non-cash operating expenses, management believes that providing a non-GAAP financial measure that excludes non-cash and non-recurring expenses allows for meaningful comparisons between the company's core business operating results and those of other companies, as well as providing an important tool for financial and operational decision making and for evaluating the company's own core business operating results over different periods of time.

The company's adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in the industry may calculate non-GAAP financial results differently, particularly related to non-recurring, or unusual items. The company's EBITDA measurement of financial performance under GAAP and should not be considered as an alternative to operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. The company does not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results.

The company expects to include adjusted EBITDA in its future financial reporting, which will include a reconciliation to the nearest GAAP measure. For the third quarter 2019, the company has reported that it believes it turned positive during the last month of the quarter, but it is not providing a reconciliation to nearest GAAP measure in this press release since it would require unreasonable efforts to report a reconciliation of the entirely of this information for the singular month and for the anticipated reporting of adjusted EBITDA in future periods.

Important Cautions Regarding Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.

Company Contact

Brent Suen, CEO
Weyland Tech Inc.

Media & Investor Contact

Ronald Both or Grant Stude
CMA
Tel (949) 432-7566WEYL@cma.team

SOURCE: Weyland Tech, Inc.

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