Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Notes ‘Surge’ in Revenue in FY 2023 Financial Report By: Investor Brand Network May 01, 2024 at 11:23 AM EDT Blue Hat Interactive (NASDAQ: BHAT), a company of commodity trading in China, is reporting its audited financial results for fiscal year 2023, or the period ended Dec. 31, 2023. According to the report, the company saw a surge in revenue. Specifically, the company reported revenue of $73.68 million for the year, a 33-times increase over its 2022 revenues. The company noted that the increase is due to the significant expansion of its commodity trading business, specifically jewelry and gold trading. The report also noted that, despite the substantial revenue growth, the company saw a net loss of $21.72 million for FY 2023, primarily because of bad debts and asset impairment. “Our achievements in 2023 represent not only a breakthrough in financial data but also a resounding affirmation of Blue Hat’s business strategy transition,” said Blue Hat Interactive CEO Chen Xiaodong in the press release. “In 2024, we will continue leveraging on the technology and experience we have accumulated in past few years. We will deepen our commodity trading in jewelry, especially the diamond and gold trading, and meanwhile expanding online gold derivatives trading, which aim to deliver excellent performance and reward our investors. Furthermore, we are committed to embracing the era of artificial intelligence and inspired to set a new benchmark as a ‘smart’ gold trader.” To view the full press release, visit https://ibn.fm/nTOpH About Blue Hat Interactive Entertainment Technology Blue Hat was formerly a provider of communication services and IDC business, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website. For more information about the company, please visit https://IR.BlueHatGroup.com. NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT About ChineseWire ChineseWire (“CW”) is a specialized communications platform with a focus on promising China-based companies that are listed in North America. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled recognition and brand awareness. CW is where breaking news, insightful content and actionable information converge. For more information, please visit https://www.ChineseWire.com Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer ChineseWireLos Angeles, CAwww.ChineseWire.com310.299.1717 OfficeEditor@ChineseWire.com ChineseWire is powered by IBN Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
ChineseNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Notes ‘Surge’ in Revenue in FY 2023 Financial Report By: Investor Brand Network May 01, 2024 at 11:23 AM EDT Blue Hat Interactive (NASDAQ: BHAT), a company of commodity trading in China, is reporting its audited financial results for fiscal year 2023, or the period ended Dec. 31, 2023. According to the report, the company saw a surge in revenue. Specifically, the company reported revenue of $73.68 million for the year, a 33-times increase over its 2022 revenues. The company noted that the increase is due to the significant expansion of its commodity trading business, specifically jewelry and gold trading. The report also noted that, despite the substantial revenue growth, the company saw a net loss of $21.72 million for FY 2023, primarily because of bad debts and asset impairment. “Our achievements in 2023 represent not only a breakthrough in financial data but also a resounding affirmation of Blue Hat’s business strategy transition,” said Blue Hat Interactive CEO Chen Xiaodong in the press release. “In 2024, we will continue leveraging on the technology and experience we have accumulated in past few years. We will deepen our commodity trading in jewelry, especially the diamond and gold trading, and meanwhile expanding online gold derivatives trading, which aim to deliver excellent performance and reward our investors. Furthermore, we are committed to embracing the era of artificial intelligence and inspired to set a new benchmark as a ‘smart’ gold trader.” To view the full press release, visit https://ibn.fm/nTOpH About Blue Hat Interactive Entertainment Technology Blue Hat was formerly a provider of communication services and IDC business, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website. For more information about the company, please visit https://IR.BlueHatGroup.com. NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT About ChineseWire ChineseWire (“CW”) is a specialized communications platform with a focus on promising China-based companies that are listed in North America. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled recognition and brand awareness. CW is where breaking news, insightful content and actionable information converge. For more information, please visit https://www.ChineseWire.com Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer ChineseWireLos Angeles, CAwww.ChineseWire.com310.299.1717 OfficeEditor@ChineseWire.com ChineseWire is powered by IBN
Blue Hat Interactive (NASDAQ: BHAT), a company of commodity trading in China, is reporting its audited financial results for fiscal year 2023, or the period ended Dec. 31, 2023. According to the report, the company saw a surge in revenue. Specifically, the company reported revenue of $73.68 million for the year, a 33-times increase over its 2022 revenues. The company noted that the increase is due to the significant expansion of its commodity trading business, specifically jewelry and gold trading. The report also noted that, despite the substantial revenue growth, the company saw a net loss of $21.72 million for FY 2023, primarily because of bad debts and asset impairment. “Our achievements in 2023 represent not only a breakthrough in financial data but also a resounding affirmation of Blue Hat’s business strategy transition,” said Blue Hat Interactive CEO Chen Xiaodong in the press release. “In 2024, we will continue leveraging on the technology and experience we have accumulated in past few years. We will deepen our commodity trading in jewelry, especially the diamond and gold trading, and meanwhile expanding online gold derivatives trading, which aim to deliver excellent performance and reward our investors. Furthermore, we are committed to embracing the era of artificial intelligence and inspired to set a new benchmark as a ‘smart’ gold trader.” To view the full press release, visit https://ibn.fm/nTOpH About Blue Hat Interactive Entertainment Technology Blue Hat was formerly a provider of communication services and IDC business, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website. For more information about the company, please visit https://IR.BlueHatGroup.com. NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT About ChineseWire ChineseWire (“CW”) is a specialized communications platform with a focus on promising China-based companies that are listed in North America. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled recognition and brand awareness. CW is where breaking news, insightful content and actionable information converge. For more information, please visit https://www.ChineseWire.com Please see full terms of use and disclaimers on the ChineseWire website applicable to all content provided by CW, wherever published or re-published: https://www.ChineseWire.com/Disclaimer ChineseWireLos Angeles, CAwww.ChineseWire.com310.299.1717 OfficeEditor@ChineseWire.com ChineseWire is powered by IBN
