Crednology Holding Corp (OTCMKTS:COHO) shares doubled to $0.00100 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.01. The company has a market cap of $719K at 719M shares outstanding.
Crednology Holding Corp just announced that the unaudited financial results for the six months ended June 30, 2017 have been filed.Revenues for the six months ended June 30, 2017 were $623,337 compared to $175,911 for the same period last year, amounting to a 355% improvement. EBITDA for the six months ended June 30, 2017 was $99,853, marking a 395% improvement over the negative EBITDA of $(34,536) for the same period last year.
“We continue to execute business fundamentals, maintaining low overheads and keeping ahead of the necessary technology to grow the cloud computing base of our business. This business model is helping us achieve good margins for our individual subsidiaries which bodes well for overall results when we have greater revenues and profits to support the costs necessary to manage the public company. We will continue to try and improve Shareholder Value and are focused on staying ahead of the dilution stemming from the debt and penalties that existed in the company when Crednology purchased our businesses. The future looks exciting as we exercise our business plan,” stated Oriel Rechtman, CEO of Crednology Holding Corp.
Crednology Holding Corp is a holding company whose subsidiaries concentrate their activities within the financial and credit industry. The company is engaged in the cloud computing segment of the technology sector, as well as the electronic waste and recycling business. Its products and services include cloud computing and virtual environment, disaster recovery, and business continuity and managed services to corporate accounts, as well as the recycling and disposal of e-waste and other materials.
The company’s subsidiaries include CreditDNA, Inc. and ScoreNavigator, Inc. CreditDNA, Inc. offers personal credit and financial management program. ScoreNavigator, Inc. is a credit data analysis company designed for customers and loan originators.