MGO Global, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:02 pm EST
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MGO Global, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.47 million compared to USD 0.140191 million a year ago. Net loss was USD 2.49 million compared to USD 0.627331 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.06 a year ago.
For the nine months, sales was USD 3.76 million compared to USD 0.336103 million a year ago. Net loss was USD 4.98 million compared to USD 1.86 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.17 a year ago.
MGO Global, Inc. is a digitally native, lifestyle brand portfolio company. The Company is engaged in building a portfolio of independent, digitally native, lifestyle brands delivering customer experiences across its e-commerce and wholesale channels. The Company operates through two business units: Americana Liberty, which markets a growing, high-end line of thoughtfully curated home and outdoor products, including Stand Flagpoles, and MGO Digital, which leverages data analytics, advanced technology-enabled marketing and its leadership's industry relationships and expertise to identify, incubate and introduce to market new, authentic lifestyle brand concepts. Stand Flagpole products are sold directly to consumers through its e-commerce store, found at www.standflagpoles.com. Its core product line is anchored by the Roosevelt Premium 25ft Telescoping Flagpole Kit, featuring a durable 3'' diameter telescoping pole that has been designed to withstand category one hurricane wind speeds.