VNUE, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 19, 2022 at 04:06 pm EDT
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VNUE, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.093021 million compared to USD 0.00432 million a year ago. Revenue was USD 0.093021 million compared to USD 0.00432 million a year ago. Net loss was USD 16.16 million compared to net income of USD 1.72 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the six months, sales was USD 0.134691 million compared to USD 0.006581 million a year ago. Revenue was USD 0.134691 million compared to USD 0.006581 million a year ago. Net loss was USD 17.33 million compared to net income of USD 3.72 million a year ago. Basic loss per share from continuing operations was USD 0.01.
VNUE, Inc. is a music technology company. The Company utilizes its platforms to record live concerts and commercializes the content by making the content immediately available for purchase through its Website and the Website at Set.fm, a technology platform that enables musical artists to capture, promote and sell high-fidelity recordings instantly. Additionally, it offers high-end collectible products such as compact disks (CDs), universal serial bus (USB) drives and laminates, which feature its fully mixed and mastered live concert content, through its exclusive partner DiscLive Network. Its products and services include Stage It (Stage It.com), Set.fm / DiscLive Network, and Soundstr. Through Stage It.com, the Company can livestream concerts and other events, adding to the pool of other live music-focused technology services that include concerts or other live events. It protects the rights of artists and writers with the Company's Soundstr music recognition technology (MRT).
VNUE, INC. 
