VANCOUVER, BC, July 31, 2023 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or the "Company") today reported financial results for the second quarter ended May 31, 2023 ("Q2 2023"), including three-month revenues of $1,266,215 (2022 - $534,459), a net loss of $665,865 (2022 – a net loss of $1,119,948) and Adjusted EBITDA loss of $389,193 (2022 – loss of $527,772), and a backlog of $8.5M. On a per-share basis, the Company reports a loss of $0.01 per share (2022 – loss of $0.01) and an Adjusted EBITDA loss per share of $0.01 (2022 – loss of $0.01). The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca.
Read more at newswire.caNETWORK MEDIA GROUP ANNOUNCES 2023 SECOND QUARTER RESULTS AND OPTION GRANT
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