Network CFO
Key metrics for Network's six months ended Q2 2023 include the following highlights:
- Contracted future revenues of
$8.5M with$5.3M to be recorded in the next six months and$3.2M beyond seven months; - Revenues of
$3,094,330 (2022 -$963,029 ); - Net loss of
$1,407,238 -$0.02 per share (2022 Net loss:$1,812,980 -$0.02 per share); - Adjusted EBITDA loss of
$826,091 -$0.01 per share (2022 Adjusted EBITDA loss of$1,214,895 -$0.01 per share).
A summary of the significant events and operational highlights for Network's quarter that ended
Curtis White appointed as President ofNetwork Media Group ;Steven Kotlowitz announced retirement from Network Media Group Board of Directors;- Network Entertainment Named to the 2023 Realscreen Global 200 List.
Network also continued pre-production and production on:
- Three feature-length documentaries.
The Company also announces the grant of incentive stock options to an officer for the right to purchase an aggregate of 400,000 common shares of the Company. The options are exercisable at a price of
About
The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners.
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Neither the
Cautionary Statement on Forward-looking Information
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE
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