CBMJ Reports 532% Revenue Growth and Reduced Share Count
- CBMJ reported a remarkable 532% revenue growth in Q-2 year over year.
- The company also successfully reduced its share count by over 8.5%.
- The strong financial performance indicates a positive outlook for CBMJ.
VENICE, FL / ACCESSWIRE / August 14, 2024 – Conservative Broadcast Media & Journalism (OTC PINK:CBMJ) has announced impressive financial results through its subsidiary, Patriot.TV, in its latest quarterly filing. The report reveals a remarkable increase in quarterly revenue, totaling $486,000 for the period ending June 30, 2024, marking a staggering 532% growth compared to the same quarter in 2023. Over the first half of 2024, revenue surged by 469% to reach $852,000. Despite the revenue growth, the company reported a net loss of $90,000, equating to $0.00 per share for the three months ending June 30. However, the financial health of the company appears to be improving, with total current assets rising by 69% since December 31, 2023, while total current liabilities saw a slight decrease of 3.8% during the same timeframe. CEO Mark Schaftlein expressed optimism about the company's trajectory, attributing the positive momentum to the dedication of the entire team, including production, marketing, and corporate governance. He emphasized the company's commitment to delivering innovative and informative content across various platforms, including television, radio, and online. Conservative Broadcast Media & Journalism, identified as a media and web-based Patriot Company, continues to explore revenue streams through show sponsorships, membership programs, and affiliate sales. The company has issued a cautionary note regarding forward-looking statements, urging potential investors to consider the inherent uncertainties in such predictions.