30dc inc (TDCH) Key Developments
30DC, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2014
Nov 19 14
30DC, Inc. reported earnings results for the first quarter ended September 30, 2014. For the period, the company reported total revenues of $700,067 against $1,942,879 a year ago. During the fiscal first quarter ended September 30, 2014, the company recognized a net income from continuing operations of $61,986 compared to a net income from continuing operations of $744,850 during the comparable period last year. The decrease in net income from continuing operations of $682,864 was due to the decrease in revenue of $1,242,812 offset by the decrease in operating expenses of $647,201 and forgiveness of debt income of $87,253 in the September 2013 quarter. Net income was $31,680, or $0.00 per share, for the first quarter, compared to a gain of $736,838, or $0.01 per share, for the same period of fiscal 2014. The decrease in net income during fiscal 2015 first quarter compared to the same period in the prior fiscal year was primarily due to the effect of the smaller MagCast launch.
30DC, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014
Oct 15 14
30DC, Inc. announced earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, total revenues were $379,394 against $408,963 a year ago. Revenues from continuing operations decreased by 7.23% which was due to a decrease in affiliate commissions earned from third parties and seminars and mentoring income both of which reflect the company's focusing and developing and marketing 30DC's own products and services. Net loss was $53,358 against $35,310 a year ago.
For the year, total revenues were $2,795,633 against $1,467,817 a year ago. Revenues from continuing operations increased 90.46%. The $1,327,816 increase in products and services revenue was primarily due to the timing of the re-launch promotion of the MagCast Publishing Platform in August 2013 which had sales exceeding $1.5 million. Net income $58,918 against net loss of $407,642 a year ago. The increase in net income during fiscal 2014 compared to the same period in the prior fiscal year was primarily due to the effect of increased sales of the MagCast Publishing Platform.
30DC, Inc. Auditor Raises 'Going Concern' Doubt
Oct 10 14
30DC, Inc. filed its 10-K on Oct 10, 2014 for the period ending Jun 30, 2014. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
30DC, Inc. announced delayed annual 10-K filing
Sep 26 14
On 09/26/2014, 30DC, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
30DC, Inc. Announces Release of MagCast Version 7
Sep 17 14
30DC, Inc. announced the release of version 7 of the MagCast Digital Publishing Platform (MagCast). The key new feature of version 7 is the introduction of an in-app sales funnel. Other improvements include a user interface that allows content creators to better target specific readers with marketing offers, enhance list building and increase reader engagement. The platform upgrades also save content creators significant time in preparing individual issues for all platforms. MagCast version 7 is optimized both for Android and for iOS 8, which is the first iOS version that lets marketers track sources of traffic, conversions and in-app purchases. In-App Sales Funnels is the most important features version 7 introduces. It gives content creators the ability to use sales funnels inside a MagCast without the need to send users to an external web site. MagCast version 6 allowed readers to make one-click purchases within the app. Version 7 enables content creators to interact with readers throughout the entire sales funnel. Prospects may enter a sales funnel in any number of ways, such as pressing a link to go to free, valuable information and complete a contact form, thereby enabling the MagCaster to build a list. Once a prospect enters a sales funnel, the magazine publisher can communicate repeatedly by sending information of real interest, slowly building trust until the prospect eventually buys. The publisher can continue to send communications and special offers in order to sell added products and services. The ability to keep readers within the app keeps them more engaged and more likely to take action. Native View: In MagCast version 7, the default method to create and view individual issues of MagCast publications is now Native view, which is text-based, rather than the former default known as Advanced view, which is PDF-based. Expanded Deep Links: Content creators can now deep link to send web traffic directly to an in-app page within a MagCast magazine issue. This page could include a form to capture contact information, a prompt to download a magazine issue, or any kind of desired interactive content. Push notifications can now be sent to specific issue buyers or specific non-buyers. Expanded Google Analytics: There is now tracking for in-app ratings, welcome letter, home screen pop up, in-app pages and deep links.