Zuki, Inc. (OTC Pink: LUSI), a publicly-traded company on the over-the-counter market with the symbol of LUSI, recently released its quarterly results along with some additional information of note. Sort through the numbers and you’ll find Zuki’s considerable progress in recent months gives investors reason to be bullish. Let’s take a closer look at Zuki’s latest updates of note.
Zuki’s Quarterly Numbers
Zuki has begun to generate revenue. The company’s 2021 Annual Report also reveals appreciable improvements on the balance sheet, specifically in terms of assets. The end of the first quarter of 2022 provides an opportunity to show additional financial progress stemming from Delivery Drop as well as the company’s strategic acquisitions in February and March.
Jim Phipps, the Chief Executive Officer of Zuki, recently issued a public statement about the company’s quarterly performance. Phipps states the company is in revenue with money stemming from operations at Delivery Drop. The subsidiary’s revenue grew 35% on a month-over-month basis. The first quarter shows a revenue reduction that is retail-related yet there is no cause for concern as it is the natural result of the retail cycle. Phipps states additional revenue has been brought in since the start of 2022, thanks to additional acquisitions, which sets the stage for continued revenue growth.
Phipps also noted that the value of the company’s assets had increased by a multiple of 5x by the end of last year, reaching $5.79 million as of December 31, 2021. This compares to the company’s total assets of $926,830 as of the end of 2020. This represents a year-over-year asset value growth of over 525%.
The executive stated he is pleased with the quality of the company’s improvements and current position regarding making progress as well as obtaining the capital necessary for growth.
Zuki Game Progress
Zuki’s highly-anticipated play-to-earn (p2e) blockchain gaming launch is continuing to make progress and is nearing launch. The company has acquired several subsidiaries to develop a truly fulfilling social gaming experience and maintains an impressive intellectual property portfolio of over 130 patents on persistent, online, and multiplayer mechanics. These patents allow Zuki to create a massive variety of gameplay features, including direct integration with player-created content on the Zuki platform.
The company’s software specialists are currently working with a development team including a group of engineers based in Twin Falls, Idaho. These game developers are making steady progress in sorting out the kinks that stand in the way of a launch. Phipps noted Zuki’s engineers are working on millions of lines of code to expedite the game’s debut.
Phipps also noted the game system consists of three primary components: the front end seen by gamers, the back end for functionality, and the database containing historical data necessary for an enjoyable user experience from the get-go. Now that the company is making progress in sorting out how the database is connected, there is no concern about potential data loss.
Phipps noted the code correction will require two weeks with the initial week determining if it is necessary to recode the path or use a previous piece of code in the context of testing. All in all, Phipps expects the game to be available in the next few weeks. Once launched, Zuki will generate revenue through games used on web browsers, mobile devices, and social media. These social, blockchain-based games reward player creativity to spur the creation of value within Zuki’s Zukisphere.
A Brief Look at Zuki’s Subsidiaries of Note
The company’s games will center on a wide array of subjects ranging from sports to weather, science, shopping, business, news, and beyond. Zuki strategically positioned itself to bring diverse gaming experiences to the masses with the acquisition of Web3 and Metaverse specialists.
As an example, Zuki’s subsidiaries include GTR24H, a Denmark-based sim endurance eRacing game, and eSports specialist. The ZukiSphere will also be shaped by the company’s subsidiary of BillionGraves, a genealogical tech specialist with more than a million genealogists who document and geolocate graves and components of family history. Zuki’s Moneyball subsidiary, based in Portugal, is the first-ever AI-fueled platform for TV advertising management that connects brands, influencers, teams, and fans.
Overall, Zuki has a very exciting future ahead. The upcoming gaming launch will greatly accelerate the company’s progress and development of the Zukisphere. In addition to the underlying developments, the company recently announced that it has reduced its authorized share count by half, as the Zuki leadership looks to continue building shareholder value and provide greater flexibility for future growth and acquisition opportunities.
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