Clubhouse Media Group Inc (CMGR)

[legaltips]

Clubhouse Media Group Inc

Third Quarter 2023 Financial Summary Compared to Second Quarter 2023,

Total net revenue increased 48% to $1,162,631, compared to $786,489
? Operating expenses decreased 24% to $535,860, compared to $707,529
? Net loss decreased 40% to $215,065, compared to $359,766
? Operating income of $88,819, compared to operating loss of $405,819
? Total Liabilities decreased 16% to $9,255,638, compared to $11,005,895

$CMGR
Management Commentary

“We are pleased with the overall results this quarter”, said Amir Ben-Yohanan, CEO of CMGR. “Our revenue has significantly increased and we managed to decrease the total debt from last quarter. We’re excited about the growth potential for both our digital agency and our creator monetization platform.”

“I think this was a successful quarter” added Scott Hoey, Chief Financial Officer of CMGR. “We managed to increase our revenue and decrease our expenses once again. We are working hard to continue this trajectory throughout Q4.”

https://www.otcmarkets.com/filing/html?id=17042926&guid=3dJ-kWsDF2Enzrh#ex99-1_htm