Oct 10, 2022 6:30 AM
Preliminary Revenue for the Nine Months ended
Preliminary unaudited revenue by business segment are as follows:
For the Three Months Ended |
For the Nine Months Ended |
||||||||||||
|
|
||||||||||||
Business Segment |
2022 |
2021 |
2022 |
2021 |
|||||||||
Gresham Worldwide |
$ |
7,500,000 |
$ |
6,373,000 |
|
$ |
21,300,000 |
$ |
19,198,000 |
||||
TurnOnGreen |
|
1,900,000 |
|
1,094,000 |
|
|
4,100,000 |
|
4,308,000 |
||||
Real Estate |
|
5,500,000 |
|
- |
|
|
12,800,000 |
|
- |
||||
The Singing Machine Company |
|
16,700,000 |
|
- |
|
|
16,700,000 |
|
- |
||||
|
|
- |
|
- |
|||||||||
Cryptocurrency mining |
|
3,900,000 |
|
238,000 |
|
|
11,400,000 |
|
619,000 |
||||
Revenue from lending and trading activities |
|
13,200,000 |
|
(38,868,000 |
) |
|
32,000,000 |
|
19,615,000 |
||||
Other |
|
300,000 |
|
369,000 |
|
|
800,000 |
|
840,000 |
||||
Total revenue |
$ |
49,000,000 |
$ |
(30,794,000 |
) |
$ |
99,100,000 |
$ |
44,580,000 |
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We remain focused on delivering strong revenue growth and improved overall performance across our business segments and are pleased with the preliminary top-line results announced today.”
For more information on
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Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
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