GlobalWise Investments, Inc. (GWIV) Posts FY13 Financial Results
GlobalWise Investments and its technology-focused wholly owned subsidiary, Intellinetics, jointly reported the company’s financial results for the fiscal year ended December 31, 2013. Total revenues for the 12 months ended December 31, 2013, were $1.5 million, a decrease compared to $2.7 million for the same period in 2012. The company attributes the reduction primarily to decreases in revenues from consulting services and software licenses with and without professional services. Overall gross margins of 62 percent for full-year 2013 represent a decrease of 2 percent compared to gross margins of 64 percent for the comparable 12 months of the year prior.…