Vinco Ventures, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
February 21, 2023 at 05:30 pm EST
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Vinco Ventures, 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 10.37 million compared to USD 0.685117 million a year ago. Net income was USD 145.93 million compared to net loss of USD 183.67 million a year ago. Basic earnings per share from continuing operations was USD 13.6 compared to basic loss per share from continuing operations of USD 187.8 a year ago. Diluted earnings per share from continuing operations was USD 12.2 compared to diluted loss per share from continuing operations of USD 187.8 a year ago. Basic earnings per share was USD 13.4 compared to basic loss per share of USD 192.8 a year ago. Diluted earnings per share was USD 12 compared to diluted loss per share of USD 192.8 a year ago.
For the six months, sales was USD 18.14 million compared to USD 1.49 million a year ago. Net loss was USD 227.02 million compared to USD 246.14 million a year ago. Basic loss per share from continuing operations was USD 22.6 compared to USD 175.6 a year ago. Diluted loss per share from continuing operations was USD 22.6 compared to USD 175.6 a year ago. Basic loss per share was USD 22.8 compared to USD 179 a year ago. Diluted loss per share was USD 22.8 compared to USD 179 a year ago.
Vinco Ventures, Inc. is a digital media and content technology company. The Company, through its subsidiary, ZVV Media Partners, LLC, has an 80% ownership interest in Lomotif Private Limited (Lomotif), which offers a video-sharing social networking platform that is committed to democratizing video creation. The Lomotif app allows its users to create their own music videos by selecting pictures and videos from the camera, mixing them with music, and transforming video clips into music videos. The Lomotif platform offers LoMoTV, a digital entertainment and lifestyle content network offering original programming. Through AdRizer LLC, it provides technology solutions to automate the use of artificial intelligence for digital advertising analytics and programmatic media buying through its core platform, Cortex. Through Honey Badger Media, LLC, it offers a full-service digital commerce strategy solution focused on brand specific messaging and designing comprehensive digital campaigns.
VINCO VENTURES, INC. 
