Increasing
annual sales by 323% year-over-year
while decreasing operating expenses by
60% year-over-year from 2021.
Greenwood Village, CO -- April
03, 2023 -- InvestorsHub NewsWire -- Decentral Life, Inc. (OTC:
WDLF), a Technology Business Incubator (TBI) that provides
Blockchain and AI technology to companies that participate in its
TBI program, has announced in their 2022 Earnings Report that
they’ve increase sales year-over-year by 323%.
“Our annual revenue for 2021 was
$292,139 compared to $944,413 in 2022,” noted Decentral Life’s CEO,
Ken Tapp. “In addition to significantly increasing sales and
revenue for 2022, we’ve successfully decreased operating expenses
by 60% year-over-year from $654K in 2021 to just $260K in 2022,”
added CEO Tapp.
As a result of the foregoing,
Decentral Life generated a profit from continuing operation of
$727,386 in net income during the year ended December 31, 2022, in
comparison to a loss of $2,091,687 during the year ended December
31, 2021. That is an increase in annual net income by nearly
400%.
About
Decentral Life, Inc.
Decentral Life is a SaaS company
providing Blockchain and AI technology through license agreements,
that operates a Technology Business Incubator (TBI) provides tech
start-ups with executive leadership and consulting, making it
easier for start-up founders to focus on raising capital,
perfecting their business model, and growing their customer base
and usership.
Since the formation of the company
in January of 2013, the TBI program has aided in the launch of
niche industry social network and ecommerce marketplaces that
service the tens of millions of business professionals and
consumers in the residential real estate industry, the legal global
cannabis industry, sports verticals including racket sports, golf,
cycling, soccer, space exploration, motor sports, travel, hunting,
fishing, and camping.
For more information, visit our
website @ https://www.WDLF.ai/
Safe Harbor &
Disclaimer
This information also contains
certain forward-looking statements within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements are identified using the words “could”,
“believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”,
“continue”, “predict”, “potential”, “possible,” “project” and
similar expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the
date of this presentation. You should not place undue reliance on
these forward-looking statements. Although we believe that our
plans, objectives, expectations, and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations, or
intentions will be achieved.
Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results may differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company’s filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether because of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events. No information in this press release should
be construed as any indication whatsoever of our future financial
results, revenues, or stock price. Readers of this press
release should not place undue reliance upon the sales increases as
they should be judged against our entire financial results for our
fiscal year 2022 included in our Form 10-K that was filed with the
SEC on March 23, 2023.
Todd
Markey
Investor
Relations
Decentral
Life, Inc.
ir@WDLF.ai
1-855-933-3277
Decentral Life (PK) (USOTC:WDLF)
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Decentral Life (PK) (USOTC:WDLF)
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