Nevada-based ISW Holdings (OTCMKTS:ISWH) is involved in a range of businesses through its portfolio companies. At this point in time, the company is also involved in the highly lucrative cryptocurrency mining and telehealth industries. Back on April 15, ISW announced that it had filed the financial performance data for 2020.
The company announced that in 2020, ISW continued to generate top-line growth, recorded an overall net profit, and on top of that the cash pile grew a well. Considering the fact that the company managed to perform well in 2020, it might be a good idea for investors to perhaps start taking a bit of interest in the ISW Holdings stock.
The company announced that its joint venture Paradigm Home Health, of which it owns 50%, generated revenues of as much as $1,061,927 for the full year 2020. That reflected a year-on-year growth of as much as 69%. On the other hand, Paradigm also managed to eke out a net profit of $147,361 in the two-year period that ended on December 31, 2020.
The net cash in had stood at $86,000 at the end of 2020 and that reflected a year-on-year rise of a staggering 528%. Last but certainly not least; Paradigm Home Health also boosted its assets by 276% year on year.
ISW also provided investors with important operational highlights that ought to be looked into. The company revealed that in 2020 it had made an investment in crypto mining by way of partnership and design of Bif5ive LLC. Another key investment made by ISW was in a subsidiary of TeleCare. It should also be noted that ISW has also put plans in place to uplist the stock to the OTCQB exchange tier and the process has already been put into motion.
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