8-K/A
filed November 14, 2022, 6:59 PM ET
ticker BMTM
CIK 0001568385
earnings
confidence high
sentiment positive
materiality 0.55
Bright Mountain Media Q3 revenue up 38% to $5.2M, net loss improves 34% to $1.9M
Bright Mountain Media, Inc.
2022-FY EPS reported
$0.04
revenue$14,420,000
- Revenue $5.2M (+38% YoY); gross margin $2.1M (+2% YoY).
- Net loss $1.9M improved from $2.9M loss in Q3 2021; adjusted EBITDA loss $509K.
- Nine-month revenue $14.4M (+67% YoY); net loss $5.2M vs $9.1M loss in 2021.
- General & administrative expense fell 28% to $3.3M.
- CEO cites strong back-to-school demand in Publishing and growing CTV demand in Technology.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Bright Mountain Media, Inc. reported three months ended September 30, 2022 results: revenue $5.2 million, net income $1.9 million.
- Period
- three months ended September 30, 2022
- Revenue
- $5.2 million
- Net income
- $1.9 million
- Result
- reported results
Exact text from the filing
■ Revenue for the three months ended September 30, 2022, was $5.2 million, an increase of $1.4 million or 38% when compared to $3.8 million for the same period in 2021. ■ Gross margin was $2.1 million, an increase of 2%, as compared to $2.1 million in the same period of 2021. ■ General and administrative expense was $3.3 million, a reduction of 28% compared to $4.6 million in the same period of 2021. ■ Net loss was $1.9 million, compared to $2.9 million loss in the same period of 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Bright Mountain Media, Inc. reported nine months ended September 30, 2022 results: revenue $14.4 million, net income $5.2 million.
- Period
- nine months ended September 30, 2022
- Revenue
- $14.4 million
- Net income
- $5.2 million
- Result
- reported results
Exact text from the filing
■ Revenue for the nine months ended September 30, 2022, was $14.4 million, an increase of $5.8 million or 67% when compared to $8.6 million for the same period in 2021. ■ Gross margin was $6.7 million, an increase of 64%, as compared to $4.1 million in the same period of 2021. ■ General and administrative expense was $10.6 million, a reduction of 22% compared to $13.6 million in the same period of 2021. ■ Net loss was $5.2 million, compared to $9.1 million loss in the same period of 2021.
View on SEC.gov
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