Frmo Corporation Reports Earnings Results for the First Quarter Ended August 31, 2020
October 15, 2020 at 05:23 pm
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FRMO Corporation announced earnings results for the first quarter ended August 31, 2020. For the first quarter, the company announced negative total revenue was USD 3.228 million compared to USD 3.988 million a year ago. Operating loss was USD 3.642 million compared to USD 4.338 million a year ago. Net income was USD 182,000 compared to net loss of USD 219,000 a year ago.
FRMO Corporation is an intellectual capital firm, which identifies and manages investment strategies and business opportunities. The Company is focused on making strategic investments in public and private companies. The Company's investments in unconsolidated subsidiaries include Miami International Holdings, Inc., CNSX Markets, Inc., American Financial Exchange, LLC and Horizon Kinetics, LLC (Horizon Kinetics). Horizon Kinetics is an investment advisory and independent research firm, with research activities serving primarily institutional investors. Horizon Kinetics provides in-depth analysis of information-poor, under-researched companies and strategies to identify complex or overlooked situations that can offer an advantage to the investor. The Company's investments in limited partnerships include Horizon Multi-Strategy Fund, LP, CDK Partners, LP, Polestar Fund, LP, Multi-Disciplinary Fund, LP, Kinetics Institutional Partners, LP and others.
FRMO CORPORATION 
