Livento Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:24 pm
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Livento Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.431184 million compared to USD 0.224986 million a year ago. Revenue was USD 0.431184 million compared to USD 0.224986 million a year ago. Net loss was USD 2.46 million compared to USD 0.309243 million a year ago.
For the six months, sales was USD 0.922651 million compared to USD 0.680202 million a year ago. Revenue was USD 0.922651 million compared to USD 0.680202 million a year ago. Net loss was USD 4.96 million compared to USD 0.307 million a year ago.
Livento Group, Inc. is engaged in specializing in the acquisition and development of companies with disruptive business models in the film, content, and technology sectors. The Company, operates through its subsidiary, BOXO Productions Inc., a film and television production company, which produces and funds content across a range of genres. The Company operates through two divisions: BOXO Productions, which is engaged in captivating movie production, and Robotics & AI, which is establishing advancements in artificial intelligence. It has developed a software called Elisee that can capture large amounts of data and create predictive behavior based on client inputs that assists the client in establishing its investment portfolio. Elisee uses algorithms that read market data and neurological network abilities to determine the path forward and make ongoing corrections over time.