Authentic Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 05:28 pm EDT
Share
Authentic Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was USD 1.05 million compared to USD 0.200703 million a year ago. Basic loss per share from continuing operations was USD 0.0005 compared to USD 0.0001 a year ago.
For the six months, net loss was USD 0.227532 million compared to net income of USD 0.190324 million a year ago. Basic loss per share from continuing operations was USD 0.00001 compared to basic earnings per share from continuing operations of USD 0.0002 a year ago.
Authentic Holdings, Inc. comprises two separate operating subsidiaries. The Authentic Heroes, Inc. subsidiary has patented technology that takes the original event-worn apparel from an iconic individual and creates fan-wear collectibles containing fibers from that original. All of the Fan-Wear items have an embedded QR code that registers the items on the blockchain for their provenance and immutability. It is also in the business of creating vinyl records for distribution in retail department stores and online sales. It also has an NFT platform on the Etherium blockchain capable of housing millions of NFTs. The Company's business plan is to operate a fiber rejuvenation technology company. The Company plans on offering branded fabrics, apparel, and uniforms to the corporate, hotel, hospital, and military markets. Its business plan also involves operating as an intermediary, providing an expedited trading platform for buyers and sellers to efficiently consummate fiber transactions.
AUTHENTIC HOLDINGS, INC. 
