Exeo Entertainment, Inc. Reports Earnings Results for the Second Quarter Ended May 31, 2019
July 22, 2019 at 05:15 pm EDT
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Exeo Entertainment, Inc. announced earnings results for the second quarter ended May 31, 2019. For the second quarter, the company announced sales was USD 125,062 compared to USD 1,162 a year ago. Operating loss was USD 246,896 compared to USD 244,773 a year ago. Net loss was USD 214,405 compared to USD 233,664 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the half year, sales was USD 125,812 compared to USD 3,927 a year ago. Operating loss was USD 596,187 compared to USD 512,113 a year ago. Net loss was USD 577,036 compared to USD 509,642 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
Exeo Entertainment, Inc. is engaged in designing, developing, licensing, manufacturing, and marketing consumer electronics in the video gaming, music, and smart television (TV) sectors. The Company's products under development include the Psyko 5.1 surround sound gaming headphones for consoles and the Krankz MAXX Bluetooth wireless headphones. The Companyâs products also include the Zaaz Keyboard and the Extreme Gamer. Its Psyko headphones use a patented method of sound delivery that doesnât require the use of digital signal processing (DSP). The Companyâs Krankz wireless headphones work with mobile devices and have a retractable, foldable design with a built-in microphone and noise canceling feature. Its driver design provides a deep bass sound with clear midrange audio for a full range of use up to 30 meters distance. The Company also distributes and sells Ford cell phone accessories through all wholesale and retail channels in the United States and Canada.
EXEO ENTERTAINMENT, INC. 
