Aftermaster, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 19, 2020 at 03:53 pm EST
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AfterMaster, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced total revenue was USD 150,462 compared to USD 408,064 a year ago. Operating loss was USD 797,218 compared to USD 1.120 million a year ago. Net loss was USD 1.476 million compared to USD 2.182 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, total revenue was USD 290,731 compared to USD 942,586 a year ago. Operating loss was USD 1.575 million compared to USD 2.009 million a year ago. Net loss was USD 3.341 million compared to USD 4.308 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
Aftermaster, Inc. (Aftermaster) is an audio technology and products company. The Company and its subsidiaries are engaged in the development and commercialization of audio and video technologies and products for professional and consumer use, including Aftermaster Audio, ProMaster, Aftermaster Pro, HearClearTV, the Superbar, Aftermaster Studio Pro and MyStudio. It also operates recording and mastering studios at its facilities in Hollywood, California. Its Aftermaster audio technology is an internally developed mastering, remastering and audio processing technology. Aftermaster Pro is a personal audio re-mastering device. HearClear TV is a portable television (TV) audio remastering product. Promaster is an online music mastering, streaming, and storage service designed for independent artists, audio technologies developed by Aftermaster. The Company offers professional hands-on mastering services and instant online mastering through its Promaster brand for music, TV and film.