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-0.011652101539742 -0.011652101539742 -0.011652101539742 -0.011652101539742 0.0299625468164795 -0.00665834373699538 0.0359966708281315 0.0403662089055347
Stock impact report

JMU Limited Reports Unaudited Third Quarter of Fiscal Year 2019 Financial Results

JMU LTD ADS (JMU) 
US:NASDAQ Investor Relations: ir.ccjmu.com
Company Research Source: PR Newswire
SHANGHAI, Nov. 20, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU) today announced its unaudited financial results for the three months ended September 30, 2019.Third Quarter of Fiscal Year 2019 HighlightsAs a result of the Company's divesture of the food supply chain business and its shift to blockchain business in July 2019, Revenues were $580 thousand for the third quarter of fiscal year 2019. Gross profit was $464 thousand for the third quarter of fiscal year 2019. Income from operations for the third quarter of 2019 was $377 thousand.Ms. Hua Zhou, Chairperson of the Board of Directors and Chief Executive Officer, commented, "As part of our on-going efforts to seek a new direction for the future development of our business, we have gradually geared our focus towards blockchain technology. Since the acquisition of our cryptocurrency solutions business in August, we are committed to expanding our blockchain business by both conducting internal research and de Show less Read more
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