MMTEC, Inc. Announces Half Year 2019 Unaudited Financial Results
MMTec, Inc. - Common Shares (MTC)
Company Research
Source: PR Newswire
BEIJING, Dec. 20, 2019 /PRNewswire/ -- MMTEC, Inc. (NASDAQ: MTC) ("MMTEC", "we", "our" or the "Company"), a China based technology company that provides access to the U.S. financial markets, today announced its unaudited financial results for the six months ended June 30, 2019.Second Half 2019 SummaryRevenue was $177,543 for the six months ended June 30, 2019. The Company did not generate any revenue for the same period of 2018. Gross profit was $111,328 for the six months ended June 30, 2019. The Company had neither revenue nor associated costs for the same period of 2018. Loss from operations was $1,308,583 for the six months ended June 30, 2019, as compared to $1,064,245 for the same period of 2018.The increase was primarily attributable to the increase in selling and marketing costs for the financial advisory and investment banking business line. Net loss was $1,326,941 for the six months ended June 30, 2019, as compared to net loss of $1,062,249 for the same period of 2018. Loss
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