The Emerging Markets Report: A Record Rise in Revenue – Yahoo Finance

ORLANDO, Fla., Feb. 20, 2020 (GLOBE NEWSWIRE) — In the real estate business the prevailing axiom of success is “location, location, location.” For small-cap companies the mantra might better read “revenue, revenue, revenue.

And the revenue mantra is perhaps even more imperative in the still nascent cannabis industry which appears to be in a moment of reorganization, a transformative period where some companies will go by the wayside while others-  likely driven by revenue, will survive and succeed. Most will recall a similar pattern after the dot com bubble which saw to the demise of lesser stories like but also saw survivors like Amazon and Google excel.

To this end, Tuesday’s revenue news from cannabis testing and technology company Digipath (DIGP) should turn heads.  In brief, the Company posted a 26% increase in revenue for the first fiscal quarter of 2020 as compared to the first quarter of 2019. And to show that this percentage isn’t picayune as to dollar value, the actual 2020 revs are $808,930 as compared to $642,115 in 2019.

The rise is directly related to a significant increase in testing cannabis and hemp samples per regulatory requirements in the State of Nevada. Digipath is well-established as a market leader in the mandatory Nevada testing industry. And it is growing.

Clearly, revenue isn’t the only thing that matters, but certainly growing revenue portends confidence in management, the product or service offering and a portends a positive trend of revenue itself.

And while the cannabis industry might be reorganizing and restructuring, identifying those with growing revenue rapidly in the growing cannabis industry would certainly seem a leading indicator to survival and success.

About Digipath, Inc. (DIGP)

Digipath, Inc., supports the cannabis industry’s best practices for reliable testing, data acquisition, formulations, and new canna-tech to the cannabis industry.

Digipath Labs provides pharmaceutical-grade analysis and testing to

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top