Blue Hat Announces Financial Results for the Fiscal Year 2023, of which the Revenue Increased by 33 Times [Yahoo! Finance]
Blue Hat Interactive Entertainment Technology - Ordinary Shares (BHAT)
Company Research
Source: Yahoo! Finance
a company of commodity trading in China, today announced its audited financial results for the fiscal year ended December 31, 2023 (“Fiscal Year 2023”), reflecting a remarkable surge in the revenue. Fiscal Year 2023 Financial Highlights Blue Hat achieved a revenue of $73.68 million in 2023, increasing 33 times than the previous year. This extraordinary achievement is credited to the company's robust expansion of its commodity trading business, particularly in the realms of jewelry and gold trading, since the fourth quarter of 2022. However, despite the substantial revenue growth, the company incurred a net loss of $21.72 million for the Fiscal Year 2023. The primary reasons for the loss include bad debts and asset impairment resulting from divested businesses. Notably, the Company's new business line, commodity trading, contributed a profit of nearly $1.2 million to the company for the Fiscal Year 2023. Management Commentary Mr. Chen Xiaodong, CEO of Blue Hat, stated at the Co
Show less
Read more
Impact Snapshot
Event Time:
BHAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BHAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BHAT alerts
High impacting Blue Hat Interactive Entertainment Technology - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
BHAT
News
- Blue Hat Interactive Entertainment Technology(NASDAQ: BHAT) Announces Artificial Intelligence "Aileen" as Chief Information OfficerPR Newswire
- PARA, GCI among major communication services gainers; DASH, MDIA among losers [Seeking Alpha]Seeking Alpha
- Blue Hat Announces Financial Results for the Fiscal Year 2023, of which the Revenue Increased by 33 TimesGlobeNewswire
- Blue Hat Interactive Entertainment Technology Announces Corporate Refocus into AI Financial ServicesPR Newswire
- Blue Hat joins forces with GTC, a $10 billion brokerage firmPR Newswire