Exeo Entertainment, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2020
October 20, 2020 at 05:29 pm EDT
Share
Exeo Entertainment, Inc. announced earnings results for the third quarter ended August 31, 2020. For the third quarter, the company announced sales was USD 5,101 compared to USD 11,678 a year ago. Operating loss was USD 258,318 compared to USD 307,734 a year ago. Net loss was USD 340,483 compared to USD 328,858 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. For the nine months, sales was USD 19,377 compared to USD 137,490 a year ago. Operating loss was USD 863,744 compared to USD 903,921 a year ago. Net loss was USD 937,450 compared to USD 905,894 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.04 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. 
