VNUE, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 08:01 am EDT
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VNUE, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.143284 million compared to USD 0.093021 million a year ago. Revenue was USD 0.143284 million compared to USD 0.093021 million a year ago. Net loss was USD 0.4451 million compared to USD 16.16 million a year ago.
For the six months, sales was USD 0.23203 million compared to USD 0.134691 million a year ago. Revenue was USD 0.23203 million compared to USD 0.134691 million a year ago. Net loss was USD 0.818504 million compared to USD 17.33 million a year ago.
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. 
