Ault Alliance, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 04:51 pm EDT
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Ault Alliance, 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 25.67 million compared to USD 8.57 million a year ago. Revenue was USD 47.41 million compared to USD 17.37 million a year ago. Net loss was USD 60.68 million compared to USD 25.76 million a year ago. Basic loss per share from continuing operations was USD 1,252 compared to USD 668.25 a year ago. Diluted loss per share from continuing operations was USD 1,252 compared to USD 668.25 a year ago.
For the six months, sales was USD 48.36 million compared to USD 14.82 million a year ago. Revenue was USD 78.59 million compared to USD 50.19 million a year ago. Net loss was USD 109.33 million compared to USD 54.54 million a year ago. Basic loss per share from continuing operations was USD 2,285.25 compared to USD 2,145.75 a year ago. Diluted loss per share from continuing operations was USD 2,285.25 compared to USD 2,145.75 a year ago.
Ault Alliance, Inc. is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies. Through its wholly and majority-owned subsidiaries and strategic investments, the Company owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, it extends credit to select entrepreneurial businesses through a licensed lending subsidiary. The Companyâs segments include Energy and Infrastructure, Technology and Finance, The Singing Machine Company, Inc. (SMC), Sentinum, Inc. (Sentinum), Giga-tronics Incorporated (GIGA), TurnOnGreen, ROI, and Ault Disruptive.
AULT ALLIANCE, INC. 