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Stock impact report

Blue Hat Interactive Entertainment Technology Announces First Half Year of 2020 Unaudited Financial Results

Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT) 
Company Research Source: PR Newswire
XIAMEN, China, Aug. 14, 2020 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced its unaudited financial results for the six months ended June 30, 2020.First Half Year of 2020 Financial HighlightsTotal revenues decreased by 34.9% for the six months ended June 30, 2020 to US$4.9 million.   Gross profit decreased by 30.8% for the six months ended June 30, 2020 to US$3.7 million.  Income from operations decreased by 50.8% for the six months ended June 30, 2020 to US$1.6 million.   Net income decreased by 58.8% for the six months ended June 30, 2020 to US$1.3 million."The outbreak of COVID-19 since the beginning of 2020 has adversely impacted the global economy and our financial performance in the first half year was negatively affected as a result of the suspension of the entire ind Show less Read more
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