Ault Alliance, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 20, 2023 at 04:58 pm EST
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Ault Alliance, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 48.21 million compared to USD 30.91 million a year ago. Revenue was USD 47.96 million compared to USD 44.27 million a year ago. Net loss was USD 21.77 million compared to USD 7.27 million a year ago. Basic loss per share from continuing operations was USD 95 compared to USD 192.75 a year ago. Basic loss per share was USD 99.25 compared to USD 190.25 a year ago.
For the nine months, sales was USD 115.59 million compared to USD 54.94 million a year ago. Revenue was USD 119.93 million compared to USD 87.16 million a year ago. Net loss was USD 131.1 million compared to USD 61.81 million a year ago. Basic loss per share from continuing operations was USD 1,191.5 compared to USD 1,942.5 a year ago. Basic loss per share was USD 1,246.75 compared to USD 2,062.75 a year ago.
Ault Alliance, Inc. is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies. Through its wholly and majority-owned subsidiaries and strategic investments, the Company owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, it extends credit to select entrepreneurial businesses through a licensed lending subsidiary. The Companyâs segments include Energy and Infrastructure, Technology and Finance, The Singing Machine Company, Inc. (SMC), Sentinum, Inc. (Sentinum), Giga-tronics Incorporated (GIGA), TurnOnGreen, ROI, and Ault Disruptive.
AULT ALLIANCE, INC. 
