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Stock impact report

SRM Entertainment Reports 2023 Annual Results and Business Updates [Yahoo! Finance]

SRM Entertainment, Inc. (SRM) 
Company Research Source: Yahoo! Finance
JUPITER, FL, April 02, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. , (Nasdaq: SRM) (the “Company” or “SRM”) which designs, develops, and manufactures custom products, toys and souvenirs for the world's largest theme parks and other leading entertainment venues, announced its fiscal results for the year ended December 31, 2023. For the year ended December 31, 2023, SRM had revenues of $5,760,533 and a gross profit of $1,317,450. We showed a net loss for the year of $2,053,859 which included the non-recurring costs of going public and awareness campaign which drove our expenses to be significantly higher than the previous year. In 2023, SRM welcomed industry veterans to our team, adding imagination and artistic design talent along with a product development specialist. In addition to our existing theme park business, SRM currently has several new products in development that will be available in Orlando's biggest theme parks later this year and in 2025. These new creations con Show less Read more
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