Cmg Holdings Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 04:24 pm EDT
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CMG Holdings Group, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 9,609 compared to USD 1.064 million a year ago. Operating loss was USD 158,106 compared to operating Income of USD 275,099 a year ago. Net loss was USD 18,004 compared to net income of USD 481,066 a year ago. For the half year, sales was USD 9,609 compared to USD 1.841 million a year ago. Operating loss was USD 368,144 compared to operating Income of USD 564,759 a year ago. Net loss was USD 92,542 compared to net income of USD 1.105 million a year ago.
CMG Holdings Group, Inc. is a marketing communications company focused on the operation of organizations in the alternative advertising, digital media, experiential and interactive marketing, and entertainment industries. The Company's segments include XA The Experiential Agency, Inc. (XA) and CMG Holdings Group. It operates in the sectors of experiential marketing, event marketing, commercial rights, and talent management. Its experiential marketing includes production and promotion, event designs, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set designs, data analysis, and management. It also offers branding and design services, including graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations and interactive marketing platforms to provide its clients with a customary private digital media network to develop individual broadcasting digital media channels.
CMG HOLDINGS GROUP, INC. 
