Touchpoint Group Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 18, 2020 at 06:05 am
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Touchpoint Group Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 150,000 compared to USD 48,000 a year ago. Operating loss was USD 731,000 compared to USD 808,000 a year ago. Net loss was USD 808,000 compared to USD 1.084 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.23 a year ago. For the half year, sales was USD 190,000 compared to USD 48,000 a year ago. Operating loss was USD 1.329 million compared to USD 1.812 million a year ago. Net loss was USD 846,000 compared to USD 1.740 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.36 a year ago.
Touchpoint Group Holdings, Inc. (TGHI) is a holding company. The Company, through its subsidiaries, is engaged in the media and digital technology, primarily in sports entertainment and related technologies that bring fans closer to athletes and celebrities. The Company supplies a fan engagement platform designed to enhance the fan experience and drive commercial aspects of the sports and entertainment business. The features of the Touchpoint APP and program includes live streaming, video content library, access to limited edition merchandise, including collectables such as limited-edition videos and other digitized media files (non-fungible tokens (NFT)), full end to end shop module, metaverse ready gamification, user rewards, third party-branded offers, credit cards, and associated benefits. The Company serves the United States and the United Kingdom.
TOUCHPOINT GROUP HOLDINGS, INC. 
