Vinco Ventures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
April 10, 2023 at 06:09 am
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Vinco Ventures, 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 5.56 million compared to USD 0.229004 million a year ago. Net loss was USD 98.98 million compared to USD 542.46 million a year ago. Basic loss per share from continuing operations was USD 8 compared to USD 152 a year ago. Basic loss per share was USD 8 compared to USD 151.8 a year ago.
For the nine months, sales was USD 23.71 million compared to USD 1.72 million a year ago. Net loss was USD 326 million compared to USD 788.6 million a year ago. Basic loss per share from continuing operations was USD 30.2 compared to USD 370.8 a year ago. Basic loss per share was USD 30.4 compared to USD 372.6 a year ago.
Vinco Ventures, Inc. is a digital media and content technology company. The Company, through its subsidiary, ZVV Media Partners, LLC, has an 80% ownership interest in Lomotif Private Limited (Lomotif), which offers a video-sharing social networking platform that is committed to democratizing video creation. The Lomotif app allows its users to create their own music videos by selecting pictures and videos from the camera, mixing them with music, and transforming video clips into music videos. The Lomotif platform offers LoMoTV, a digital entertainment and lifestyle content network offering original programming. Through AdRizer LLC, it provides technology solutions to automate the use of artificial intelligence for digital advertising analytics and programmatic media buying through its core platform, Cortex. Through Honey Badger Media, LLC, it offers a full-service digital commerce strategy solution focused on brand specific messaging and designing comprehensive digital campaigns.
VINCO VENTURES, INC. 