Exeo Entertainment, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2019
October 15, 2019 at 05:01 pm
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Exeo Entertainment, Inc. announced earnings results for the third quarter ended August 31, 2019. For the third quarter, the company announced sales was USD 11,678 compared to USD 591 a year ago. Operating loss was USD 307,734 compared to USD 254,761 a year ago. Net loss was USD 328,858 compared to USD 245,143 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, sales was USD 137,490 compared to USD 4,518 a year ago. Operating loss was USD 903,921 compared to USD 766,874 a year ago. Net loss was USD 905,894 compared to USD 754,785 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.03 a year ago.
Exeo Entertainment, Inc. is engaged in designing, developing, licensing, manufacturing, and marketing consumer electronics in the video gaming, music, and smart television (TV) sectors. The Company's products under development include the Psyko 5.1 surround sound gaming headphones for consoles and the Krankz MAXX Bluetooth wireless headphones. The Companyâs products also include the Zaaz Keyboard and the Extreme Gamer. Its Psyko headphones use a patented method of sound delivery that doesnât require the use of digital signal processing (DSP). The Companyâs Krankz wireless headphones work with mobile devices and have a retractable, foldable design with a built-in microphone and noise canceling feature. Its driver design provides a deep bass sound with clear midrange audio for a full range of use up to 30 meters distance. The Company also distributes and sells Ford cell phone accessories through all wholesale and retail channels in the United States and Canada.
EXEO ENTERTAINMENT, INC. 
