Video River Networks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:13 pm EST
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Video River Networks, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative sales was USD 0.018791 million compared to sales of USD 1 million a year ago. Negative revenue was USD 0.018791 million compared to revenue of USD 1.04 million a year ago. Net loss was USD 0.077188 million compared to net income of USD 0.493596 million a year ago. Basic loss per share from continuing operations was USD 0.0004 compared to basic earnings per share from continuing operations of USD 0.0027 a year ago.
For the nine months, sales was USD 1.1 million compared to USD 3.17 million a year ago. Revenue was USD 1.14 million compared to USD 3.28 million a year ago. Net income was USD 0.658146 million compared to USD 2.07 million a year ago. Basic earnings per share from continuing operations was USD 0.0036 compared to USD 0.0113 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. 
