Video River Networks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 19, 2022 at 05:24 pm EDT
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Video River Networks, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1.99 million compared to USD 3.38 million a year ago. Revenue was USD 2.07 million compared to USD 3.38 million a year ago. Net income was USD 0.973925 million compared to USD 0.416494 million a year ago. Basic earnings per share from continuing operations was USD 0.0053 compared to USD 0.0023 a year ago.
For the six months, sales was USD 9.79 million compared to USD 4.04 million a year ago. Revenue was USD 9.87 million compared to USD 4.04 million a year ago. Net income was USD 1.57 million compared to USD 0.866764 million a year ago. Basic earnings per share from continuing operations was USD 0.0086 compared to USD 0.0049 a year ago.
Tytan Cybernetics, Inc., formerly Video River Networks, Inc., is a holding company for electric vehicle technology, financial technology, artificial intelligence, robotics, drones and distressed assets. The Company is engaged in expanding its technology portfolio, which includes electric vehicles, artificial intelligence, machine learning and robotics (EV-AI-ML-R), with businesses and operations in North America and Asia. The Company is also focused on business opportunities within financial technology, artificial intelligence, health, sports and entertainment industries.
VIDEO RIVER NETWORKS, INC. 
