Touchpoint Group Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 09:16 pm
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Touchpoint Group Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 100,000 compared to USD 82,000 a year ago. Operating loss was USD 482,000 compared to USD 1.104 million a year ago. Net loss was USD 775,000 compared to USD 3.902 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.32 a year ago. For the nine months, sales was USD 290,000 compared to USD 130,000 a year ago. Operating loss was USD 1.811 million compared to USD 2.917 million a year ago. Net loss was USD 1.621 million compared to USD 5.642 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.68 a year ago.
Touchpoint Group Holdings, Inc. (TGHI) is a holding company. The Company, through its subsidiaries, is engaged in the media and digital technology, primarily in sports entertainment and related technologies that bring fans closer to athletes and celebrities. The Company supplies a fan engagement platform designed to enhance the fan experience and drive commercial aspects of the sports and entertainment business. The features of the Touchpoint APP and program includes live streaming, video content library, access to limited edition merchandise, including collectables such as limited-edition videos and other digitized media files (non-fungible tokens (NFT)), full end to end shop module, metaverse ready gamification, user rewards, third party-branded offers, credit cards, and associated benefits. The Company serves the United States and the United Kingdom.
TOUCHPOINT GROUP HOLDINGS, INC. 
