Blue Hat Interactive Entertainment Technology Announces Second Quarter 2019 and First Half 2019 Unaudited Financial Results
Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT)
Company Research
Source: PR Newswire
XIAMEN, China, Jan. 31, 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 fiscal quarter and six months ended June 30, 2019.Second Quarter 2019 Financial Highlights[1]Total revenues increased 74.6% year-on-year to $3.2 million Gross profit increased 78.9% year-on-year to $2.2 million Income from operations was $1.3 million, compared to a loss from operations of $274,975 from the same period of 2018 Net income increased 3,630.9% year-on-year to $1.1 millionFirst Half 2019 Financial HighlightsTotal revenues increased 11.9% year-on-year to $7.5 million Gross profit increased 25.0% year-on-year to $5.3 million Income from operations increased 83.1% year-on-year to $3.3million Net income increased 73.7% year-on-year to $3.1 million"We are
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