Vemanti Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 03:55 pm IST
Share
Vemanti Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.036181 million compared to USD 0.037684 million a year ago. Net loss was USD 0.264295 million compared to USD 0.444331 million a year ago.
For the six months, sales was USD 0.073781 million compared to USD 0.073927 million a year ago. Net loss was USD 0.56073 million compared to USD 0.514298 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Vemanti Group, Inc. is a technology holding company. The Company seeks to generate revenue in the emerging markets of Vietnam and Southeast Asia. It intends to focus its future product and business development on digital banking and fintech applications using disruptive technologies aimed at making credit access for small to medium enterprises (SMEs) in its target markets. Its wholly owned subsidiaries include VoiceStep Telecom, LLC (VoiceStep), and VinHMS Pte Ltd (VinHMS). VoiceStep provides a one-stop solution with regard to business-class voice over Internet protocol (VoIP) services to its small to medium-sized business customers in the United States. VinHMS is a technology company specializing in cutting-edge technology products aimed at optimizing business operations for customers in the hospitality industry. VinHMS flagship product is the complete hospitality management platform CiHMS, which handles all operational needs of four-star to five-star hotels and hotel chains.