Major League Football, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2023
March 14, 2023 at 02:38 pm EDT
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Major League Football, Inc. reported earnings results for the third quarter and nine months ended January 31, 2023. For the third quarter, the company reported net income was USD 0.372904 million compared to net loss of USD 0.481639 million a year ago.
For the nine months, revenue was USD 0.00918 million. Net loss was USD 1.79 million compared to USD 1.23 million a year ago. Basic loss per share from continuing operations was USD 0.01. Diluted loss per share from continuing operations was USD 0.01.
Major League Football, Inc. intends to establish, develop, and operate Major League Football (MLFB) as a professional spring/summer football League. The Company has four initial franchises located in cities overlooked in large part by existing professional sports leagues and provides fans with quality players and competition in the NFL's off-season. Its teams are located in Ohio, Virginia, Arkansas and Alabama. The Company primarily intends to operate the league as a single entity owned, stand alone, independent sports league. MLFB plans to serve as a pipeline to develop players, coaches, officials, scouts, trainers, and all other areas of the game that the NFL needs. MLFB intends to underscore the fan's access to team members, coaches, league officials and other fans. MLFB also intends to develop an Internet and mobile strategy, which includes developing a mobile initiative, where fans can interact with the league, its players, its coaches, and other fans using their mobile phones.
MAJOR LEAGUE FOOTBALL, INC. 
