Galaxy Next Generation Inc (GAXYQ)

[Magnum7419]

"Financial Results for the Three Months Ended December 31, 2019:

Revenue for the three months ended December 31, 2019 was $0.9 million, an increase of $0.2 million or 35%, as compared to $0.6 million for the three months ended December 31, 2018. Of note, revenue associated with the entertainment theater ticket sales and concessions was $0.3 million for the three months ended December 31, 2018. Without such, the revenue growth for the three months ended December 31, 2019 over the comparable three months ended December 31, 2018 would have been 147%. Additionally, deferred revenue amounted to $0.6 million, as compared to $0.2 million for the year ended June 30, 2019. Deferred revenues increased due to the increases in the customer base for interactive panels and related products as well as additional deferred revenues of Concepts and Solutions, acquired in September 2019."