Freeze Tag, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 10:01 pm
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Freeze Tag, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 553,812 compared to USD 436,065 a year ago. Operating income was USD 84,423 compared to operating loss of USD 61,989 a year ago. Net income was USD 246,328 compared to net loss of USD 71,461 a year ago. For the half year, sales was USD 1.059 million compared to USD 839,555 a year ago. Operating income was USD 44,971 compared to operating loss of USD 165,946 a year ago. Net income was USD 195,181 compared to net loss of USD 185,508 a year ago.
Freeze Tag, Inc. is a creator of location-based, mobile social games that are fun and engaging for consumers and businesses. Its portfolio includes games, such as Munzee, a social platform with over 10 million locations worldwide and hundreds of thousands of players that blends gamification and geolocation into an experience that rewards players for going places in the physical world; WallaBee, a collecting game with over 2,000 drawn digital cards, as well as various social mobile games that provide hours of family-friendly fun. Its mobile games include Alpha Bunny, Black Forest: Hidden Object Mystery, Black Forest: Puzzle Tiles, Clouds, Eventzee, Garfield GO, Garfield Trivia, Jelly Drop!, Kitty Pawp: Bubble Shooter, Munzee, Party Animals: Dance Battle for iOS, Rank It! Trivia, Rocket Weasel for iPhone/iPod Touch/iPad, and others. It also offers its technology and services to third party businesses that want to leverage mobile gaming in their marketing and branding programs.