MOBILE APPS AND MUCH MORE: Revenues Are Going Through the Roof!
Has social media separated us as individuals, or brought us closer together? It’s a debate that’s been going on since the advent of the first smartphone apps, but there’s no going back now as social media and live-streaming are part of the global culture now.
One small but fast-growing business is on a mission to put a decidedly positive spin on social media apps today. The idea is to give people the tools to communicate with each other in a positive way, while fostering understanding and tolerance among all citizens of the world.
It’s impossible not to root for Hello Pal (CSE:HP, OTC:HLLPF), whose overriding mission is to bring the world closer together through social interaction, language learning and travel. This is a business that’s making a difference – and, judging by the latest fiscal data, the company’s also turning a substantial profit.
Among other business ventures, Hello Pal specializes in live-streaming, which allows the users to broadcast themselves to other users in real time, receive virtual gifts and coins, and redeem them for cash.
Astoundingly, Hello Pal’s user base which currently stands at 5.8 million registered users hailing from over 200 countries and regions. On any given day, you can expect to see 20,000 active live-streamers and viewers on the Hello Pal app.
Hello Pal’s Asian subsidiary has been cash-flow positive from October 2020 to the present time – and a fresh fiscal update shows that the platform is successfully monetizing its substantial user base in 2021.
The company’s live-streaming operations continue to perform extremely well, as revenues from non-China markets continue to grow with the addition of more live-stream agencies joining the platform.
The truth is in the data, as they say. For the month of July 2021, Hello Pal generated $2,542,000 CAD in revenue, a vast improvement over the revenues posted in the same month of 2020.
We can identify an even better fiscal picture on a multi-month time frame. Thus, the company’s total revenue during the current financial year (March 1 to July 31, 2021) was $12,334,363 as compared to $3,720,783 during the same period in 2020.
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Moreover, Hello Pal’s gross margin for the period for crypto-mining and live-streaming were 61% and 8%, respectively. Clearly, operating in multiple market segments has served to diversify Hello Pal’s business model while improving the company’s bottom line.
Really, an investment in Hello Pal is a future-facing wager on the growth of social media and live-streaming around the world. Hello Pal’s live-streaming service is comparable, in user experience and quality, to the bigger platforms like Twitch and TikTok.
There are crucial differences here, though: Hello Pal is still a ground-floor opportunity, plus the app is much more feature-rich with robust translation tools and a token economy where live-streamers can turn virtual gifts into cash.
In effect, Hello Pal has created a user-friendly messaging interface which actually makes the world a better place by breaking down language barriers and focusing on positive social interaction.
At the same time, the numbers prove that Hello Pal is able to monetize its passion for connecting people across regions – a daring and disruptive approach to social media today.
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On March eighth twenty twenty one, in connection with our agreement with Hello Pal International Inc., we received USD three hundred thousand dollars, from Hello Pal International Inc. We currently do not own shares but plan to purchase shares at a later date.