Video River Networks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 05:18 pm EST
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Video River Networks, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1 million compared to USD 2 million a year ago. Revenue was USD 1.04 million compared to USD 2 million a year ago. Net income was USD 0.493596 million compared to USD 0.079734 million a year ago. Basic earnings per share from continuing operations was USD 0.0027 compared to USD 0.0004 a year ago.
For the nine months, sales was USD 10.79 million compared to USD 6.04 million a year ago. Revenue was USD 10.91 million compared to USD 6.04 million a year ago. Net income was USD 2.07 million compared to USD 0.946676 million a year ago. Basic earnings per share from continuing operations was USD 0.0113 compared to USD 0.0053 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. 
