MGO Global, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 01:38 am IST
Share
MGO Global, 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 1.95 million compared to USD 0.096835 million a year ago. Net loss was USD 1.34 million compared to USD 0.72066 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.07 a year ago.
For the six months, sales was USD 2.29 million compared to USD 0.195912 million a year ago. Net loss was USD 2.5 million compared to USD 1.23 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.12 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.
MGO GLOBAL, INC. 
