Digital Brand Media & Marketing Group, Inc. Reports Earnings Results for the Third Quarter Ended May 31, 2021
July 09, 2021 at 12:31 pm EDT
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Digital Brand Media & Marketing Group, Inc. announced earnings results for the third quarter ended May 31, 2021. For the third quarter, the company announced sales was USD 45,456 compared to USD 82,001 a year ago. Operating loss was USD 143,040 compared to USD 58,100 a year ago. Net loss was USD 194,046 compared to USD 128,527 a year ago. For the nine months, sales was USD 120,538 compared to USD 322,801 a year ago. Operating loss was USD 406,791 compared to USD 70,049 a year ago. Net loss was USD 530,201 compared to USD 305,128 a year ago.
Digital Brand Media & Marketing Group, Inc. crafts, designs and executes digital marketing strategies across multiple advertising (ad) platforms and social media networks for a broad array of clients to help each of them establish a uniform brand identity across the digital universe. The Company's subsidiary is Stylar Limited, which is doing business as Digital Clarity. Digital Clarity is a provider of marketing consulting and advisory solutions, empowering businesses to achieve their marketing goals through strategic insights, use of technologies, artificial intelligence and customer service. Digital Clarity helps its clients in various areas, such as blog posts, white papers, short-form articles, case studies, infographics, podcasts, videos, e-mail and LinkedIn. Digital Clarity provides services to various sectors, such as business to business (B2B), e-commerce, software and software services sector (SaaS), blockchain, fintech, software sales and technology.