As it competes in the huge Chinese sector of online-to-offline marketing, Moxian (NASDAQ: MOXC) has solidified its financial position. Intrigued by the size of China’s O2O market and Moxian’s ambitious strategy for growth, SeeThruEquity has projected that Moxian could achieve revenues of $24.1 million and net income of $4.5 million in FY 2018, providing the company can demonstrate its ability to raise additional capital, as the O2O market is anticipated to reach $48 billion in 1H17. “The high technology Shenzhen, China-based company netted some $8.5 million in an equity offering, at $4 per share, late in 2016 that resulted in its NASDAQ uplisting. In its SEC 10-Q filing of May 12, 2017, for the three-month period ended March 31, 2017 (http://nnw.fm/1xrKA), the firm additionally disclosed that it had received funds in a series of loans during the six months ended March 31, 2017.”
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About Moxian, Inc.
Founded in 2013 in Shenzhen, China with branch offices in Beijing, Malaysia, and Hong Kong, Moxian, Inc. is an offline-to-online (O2O) integrated platform operator. The Company’s “Moxian+” mobile App platform connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information that Merchant Clients can use to effectively promote products and services offered at their brick and mortar stores. More information about the Company can be found at www.moxian.com.
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