Vnue, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 06:29 am
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VNUE, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 4,320 compared to USD 6,127 a year ago. Operating loss was USD 156,631 compared to USD 187,716 a year ago. Net income was USD 1.724 million compared to USD 141,135 a year ago. For the half year, sales was USD 6,581 compared to USD 18,186 a year ago. Operating loss was USD 328,398 compared to USD 360,354 a year ago. Net income was USD 3.715 million compared to net loss of USD 498,422 a year ago.
VNUE, Inc. is a music technology company. The Company utilizes its platforms to record live concerts and commercializes the content by making the content immediately available for purchase through its Website and the Website at Set.fm, a technology platform that enables musical artists to capture, promote and sell high-fidelity recordings instantly. Additionally, it offers high-end collectible products such as compact disks (CDs), universal serial bus (USB) drives and laminates, which feature its fully mixed and mastered live concert content, through its exclusive partner DiscLive Network. Its products and services include Stage It (Stage It.com), Set.fm / DiscLive Network, and Soundstr. Through Stage It.com, the Company can livestream concerts and other events, adding to the pool of other live music-focused technology services that include concerts or other live events. It protects the rights of artists and writers with the Company's Soundstr music recognition technology (MRT).
VNUE, INC. 
