Equity Story Group (ASX:EQS) announced financial results for the quarter ended 30 September 2022.
The Company had a busy Quarter focusing on revenue generation from sales of member subscriptions to the core Equity Story media service, which includes access for our members to our daily podcasts, market commentary, trading strategies and stock analysis.
The Company?s subscriber-based online investing, news and arts media subsidiary A Rich Life(?ARL?) recorded pleasing growth in subscriber revenues, and ARL Editor in Chief Claude Walker joined the Equity Story commentary team with regularly appearances on the Equity Story podcasts. Cross-marketing of the services has also started.
New revenue streams are being put in place including preparations to launch Stock Trader Education Seminars branded ?Cincinnati Trading Method? which has been developed by the Company over 8 years. This will be marketed and offered as a standalone product, initially to the Australian investing public, with the intention of rolling out into overseas markets once established in the local market.
Another newly implemented revenue stream is Capital Markets, providing access for wholesale investor members to corporate opportunities via new AFSL CAR licensee subsidiary Equity Story Securities Pty Limited (?ESS?).
The Company plans to growth this division, distributing equity and debt investment opportunities to qualifying S.708 Sophisticated Investors that are also members of Equity Story to generate raising fees.
During the Quarter Equity Story Securities earned revenues of ~$180k from Capital Markets unit activities.
Following the announcement the company?s share price unchanged.