Freeze Tag, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 05:10 pm EST
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Freeze Tag, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 473,137 compared to USD 483,722 a year ago. Operating loss was USD 29,963 compared to USD 58,036 a year ago. Net loss was USD 15,488 compared to USD 68,230 a year ago. For the nine months, sales was USD 1.312 million compared to USD 1.562 million a year ago. Operating loss was USD 195,909 compared to USD 76,123 a year ago. Net loss was USD 200,996 compared to USD 106,393 a year ago.
Freeze Tag, Inc. is a creator of location-based, mobile social games that are fun and engaging for consumers and businesses. Its portfolio includes games, such as Munzee, a social platform with over 10 million locations worldwide and hundreds of thousands of players that blends gamification and geolocation into an experience that rewards players for going places in the physical world; WallaBee, a collecting game with over 2,000 drawn digital cards, as well as various social mobile games that provide hours of family-friendly fun. Its mobile games include Alpha Bunny, Black Forest: Hidden Object Mystery, Black Forest: Puzzle Tiles, Clouds, Eventzee, Garfield GO, Garfield Trivia, Jelly Drop!, Kitty Pawp: Bubble Shooter, Munzee, Party Animals: Dance Battle for iOS, Rank It! Trivia, Rocket Weasel for iPhone/iPod Touch/iPad, and others. It also offers its technology and services to third party businesses that want to leverage mobile gaming in their marketing and branding programs.
FREEZE TAG, INC. 
