Earlyworks Co., Ltd. Sponsored ADR (ELWS) has released an update.
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Earlyworks Co., Ltd., a Japanese blockchain technology provider, has reported an increase in revenue, gross profit, and a decrease in net loss for the six months ending October 31, 2023, compared to the same period the previous year. Notably, the company achieved its initial public offering on NASDAQ during this period and launched Phase 1 of its System Development Kit for its proprietary Grid Ledger System. Additionally, Earlyworks has updated its revenue model to focus on decentralized solutions and co-creation business partnerships, such as the one established with NTT DOCOMO for the MetaMe® service.
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