On Wednesday, the dwell streaming firm, YouNow, launched its financials for 1H19, which confirmed the corporate’s deteriorating monetary situation. Regardless of elevating $21 million from SAFT gross sales for its Props token again in late 2017, the corporate now finds itself with solely $3.four million in money and $2.Three million in cryptocurrencies (BTC and ETH) after a sequence of consecutive working losses. The corporate highlighted a 32% enhance in day by day in-app purchases following the mixing of Props onto its streaming platform in July. Nonetheless, YouNow will possible want extra assist than that to dig itself out of the opening it at present finds itself in.
Be a part of Genesis now and proceed studying, YouNow 1H19 assessment: Income is up, however there may be ‘substantial doubt’ in regards to the firm’s solvency!