- ISW Holdings announces financial performance for 2020, with telehealth reporting 69% revenue and 276% asset growth
- Company expects best yet to come with 2021 revenues at least tripling 2020 topline performance as crypto mining business starts to yield results
- ISWH looks ahead to expansion of crypto presence, uplisting on OTCQB
Despite pandemic-related challenges, 2020 was the year of dramatic transformation for ISW Holdings (OTC: ISWH), leading to much bigger expectations in 2021. The global brand management company, which has strategically invested in telehealth and cryptocurrency mining, has issued updates on 2020 financial performance and business plans for the quarters ahead (https://ccw.fm/vghFY).
Over the past two years, the company demonstrated steady growth, driven mainly by its telehealth and home healthcare division investments. ISWH believes this success is only the beginning, and the best is yet to come as this financial data predates the launch of its cryptocurrency mining and mining equipment segment. ISWH believes the revenue growth is set to continue as returns on investments in its cryptocurrency mining and mining equipment begin to reflect in 2021. More specifically, the company expects full-year 2021 revenues to at least triple 2020 topline performance (https://ccw.fm/JHvrf).
Financial highlights for the year ended Dec. 31, 2020, demonstrate year-over-year gross revenues growth of 69% for the company’s telehealth joint venture, Paradigm Home Health, where ISW Holdings earns 50% of the net profit or loss.
Telehealth business line provides robust and steady cash flows for the company while its mining segment gets up to full speed. With multiple orders of new miners available immediately and a batch of new ones that will be manufactured and ready to ship in August, ISWH appears poised to increase the mining capacity and capitalize on the current market environment.
It appears that ISWH will not stop there as the company is building its presence in a mining project in Georgia with at least a $500–700k per month opportunity from this expansion. The current cryptocurrency market is on the upswing as investor interest in digital currencies was surging over the recent months.
Crypto mining is an essential part of a cryptocurrency ecosystem as miners keep the blockchain secured and trustworthy as they validate new transactions and record them on the global ledger blockchain through millions of computers worldwide. The global mining hardware market is expected to increase by $2.8 billion during 2020–2024, growing at a CAGR of 7% during the period (https://ccw.fm/32JnH).
At the end of last year, ISWH committed to an anti-dilution initiative announcing negotiations with noteholders to protect the value of its common stock. As of this month, the company has eliminated more than $3.4 million (94%) of outstanding convertible debt, believing that this move not only removes shareholders dilution risk but also boosts its ability to attract top talent and execute on new partnership and acquisition opportunities (https://ccw.fm/DdSlF).
ISW Holdings appears to have big plans for 2021. With several minor steps remaining in the process of uplisting on the OTCQB, plans are on track for its public market debut. “We are at the bottom of the hockey stick as far as growth potential, with a clean bill of health on the balance sheet and major new non-dilutive funding providing us with a strong capital foundation to continue aggressive expansion in cryptocurrency mining and mining equipment,” said ISW Holdings president and chairman Alonzo Pierce.
For more information, visit the company’s website at www.ISWHoldings.com.
NOTE TO INVESTORS: The latest news and updates relating to ISWH are available in the company’s newsroom at http://ccw.fm/ISWH
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