VNUE, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 18, 2022 at 06:06 am EST
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VNUE, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.09918 million compared to USD 0.002714 million a year ago. Revenue was USD 0.099181 million compared to USD 0.002714 million a year ago. Net loss was USD 0.611889 million compared to USD 0.365161 million a year ago.
For the nine months, sales was USD 0.233871 million compared to USD 0.009295 million a year ago. Revenue was USD 0.233871 million compared to USD 0.009295 million a year ago. Net loss was USD 17.94 million compared to net income of USD 3.35 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. 
