Touchpoint Group Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 18, 2022 at 10:36 am
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Touchpoint Group Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.002 million compared to USD 0.024 million a year ago. Net loss was USD 2.57 million compared to USD 0.691 million a year ago. Basic loss per share from continuing operations was USD 0.001 compared to USD 0.004 a year ago.
For the nine months, sales was USD 0.033 million compared to USD 0.09 million a year ago. Net loss was USD 5.09 million compared to USD 3.16 million a year ago. Basic loss per share from continuing operations was USD 0.006 compared to USD 0.018 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.