ARHT Media reported $1.4 million revenue in Q2 2024, with decreased operating expenses and EBITDA loss.

From GlobeNewswire: 2024-08-28 17:00:00

ARHT Media Inc. reported a revenue of $1.4 million for the second quarter of 2024. Operating expenses decreased by 50% year-over-year and 16% compared to Q1 2024, while EBITDA loss reduced by 54%.

In Q2 2024, ARHT Media Inc. launched the ShowWindowMax multi-panel display with British artist Allen Jones’ art in Paris. They also beamed 4 surgeons simultaneously from 3 countries into a 4th country for a medical conference, a world-first.

ARHT is the global leader in live hologram technology, allowing individuals to travel instantly to any destination. The company, founded in 2014, is publicly traded on the TSX Venture Exchange and operates worldwide with partner studios in every region. CEO Larry O’Reilly highlighted cost reduction and enterprise collaborations as key strategies.

For more information about ARHT, visit their website or connect through social media channels like LinkedIn, Instagram, Facebook, Twitter, and YouTube. Press inquiries can be directed to Kristen Spence at [email protected]. The company’s stock trades under the symbol “ART” on the TSX Venture Exchange.



Read more at GlobeNewswire:: ARHT Media Announces Q2 2024 Operating Results