Ominto, Inc. (OTC PINK: OMNT), a global leader in online Cash Back shopping, today reported fiscal 2015 financial results for the twelve months ended September 30, 2015.
For the fiscal year 2015, ended September 30, 2015, revenues were $21.3 million, compared to $4.5 million for the previous fiscal year, reflecting an increase of $16.8 million.
The increase was primarily a result of increased sales of VIP memberships and increased commission income generated from purchases on the company’s Cash Back shopping portal.
Loss from continuing operations for the fiscal year ended September 30, 2015 was $12.2 million, as compared to a loss of $6.9 million in the fiscal year 2014. The higher loss resulted primarily from an increase of $7.1 million in non-cash equity compensation and higher expenses for building a new platform and for
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Omnito (DubLi) Relocates To Seattle
by Tina Williams • • 0 Comments
Ominto, Inc. (OTC PINK: OMNT), the global leader in online Cash Back shopping, today announced that it is relocating its corporate headquarters to Seattle, Washington.
In a move spurred by Ominto’s rapid expansion and global reach, the company’s leadership team chose Seattle in recognition of its reputation as a thriving technology business hub.
“Due to its quality of life and rich talent pool, Seattle has become a powerful epicenter for pioneering companies in e-commerce, digital innovation and technology,” said Ivan Braiker, CEO and President of Ominto, Inc.
“We believe Seattle is an ideal setting to establish our new global headquarters, which will support us as we aggressively pursue the next stage of growth for our robust and fast-expanding Cash Back rewards platform.”
Ominto, Inc.’s executive team, including CEO Ivan Braiker and CFO Thomas Virgin, will