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Freeze Tag Inc   (FRZT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $0.0100 $0.00 -12.281%
Day's High: $0.0129 Week Perf: -1.96 %
Day's Low: $ 0.01 30 Day Perf: -66.56 %
Volume (M): 108 52 Wk High: $ 0.08
Volume (M$): $ 1 52 Wk Avg: $0.02
Open: $0.01 52 Wk Low: $0.01



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 75
 Employees 16
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Freeze Tag Inc

Freeze Tag, Inc. is a creator of location-based, mobile social games that are fun and engaging for consumers and businesses. Based on a free-to-play business model that has propelled games built and marketed by some of our competitors to worldwide success, we employ state-of-the-art data analytics and proprietary technology to dynamically optimize the gaming experience for revenue generation. Players can download and enjoy our games for free, and, if they so choose, they can purchase virtual items and additional features within the game to increase the fun factor.

Founded by gaming industry veterans, Freeze Tag has launched several successful games over the course of its history. Our current portfolio includes hits such as Munzee®, a social platform with over 7 million locations worldwide and hundreds of thousands of players that blends gamification and geolocation into an experience that rewards players for going places in the physical world, Garfield Go, a Pokemon Go style augmented reality game based on the iconic cat Garfield, WallaBee®, an addictive collecting game with over 2,000 beautifully drawn digital cards, as well as many social mobile games that provide endless hours of family-friendly fun. We also offer our technology and services to third party businesses that want to leverage mobile gaming in their marketing and branding programs. For example, our Eventzee® solution allows businesses to create private scavenger hunts in physical places such as malls, tradeshows, company events or campuses to create immersive brand experiences.

Our newest location based product, ZeeTours, was launched in December 2017 through a marketing contract with Groupon. ZeeTours is a location-based smartphone game that combines fitness, learning and fun into a zany walking tour.

Our mission is to design, develop and deliver innovative digital entertainment that surprises and delights. Our products bring families together by providing fun to kids of all ages. We also strive to create a workplace environment where creativity and fun can thrive in a demanding industry.

In recent years, we have shifted our business strategy to focus our efforts on creating free-to-play social games for the mobile market. We’ve made this change because we believe that games that are social and mobile will provide the greatest revenue opportunities now and in the foreseeable future. This change in direction has not been an easy one as we’ve had to deploy resources differently, learn new techniques, and experiment with new game designs and marketing processes.

We have also announced our intention to grow through acquisition. The merger with Munzee Inc. is evidence that we are making progress on our intention to grow the business through merging and/or acquiring other companies in our field. We feel that the time is right to build an alliance of mobile game developers who can become stronger and more successful by working together to build a company that can leverage market intelligence, development expertise and cross-promotional opportunities to achieve great results for our customers and shareholders. In the event we do enter into any such transactions in the future, such transactions will likely be accomplished through the issuance of shares of our stock and/or in connection with a strategic financial investor, and not with cash directly from us unless and until our cash position improves.



   Company Address: 360 E 1st Street Tustin 92780 CA
   Company Phone Number: 210-3850   Stock Exchange / Ticker: FRZT
   FRZT is expected to report next financial results on March 30, 2024.


Customers Net Income grew by FRZT's Customers Net Profit Margin grew to

39.77 %

16.91 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MYPS   -4.55%    
RBLX   -6.66%    
APP        5.16% 
GOOG        6.35% 
IAC   -1.33%    
META   -0.55%    
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Freeze Tag Inc

Freeze Tag Inc's July-September 2023 Financial Report: Revenue Decline of 4.17% Overshadows Balanced Books

Freeze Tag Inc is a software and programming company specializing in the development of mobile games. The company recently released its financial report for the July to September 30, 2023 fiscal time-frame, showing balanced books of $0.00 per share, which was the same as the previous year and the preceding financial reporting period.
However, the revenue for this period contracted by -4.173% to $0.53 million compared to $0.56 million in the corresponding financial reporting period a year ago. Sequentially, revenue deteriorated by -7.991% from $0.58 million. This decline in revenue is in contrast to the overall performance of the Software & Programming sector, which recorded a 12.08% gain in revenue in the third quarter of 2023 compared to the corresponding period a year ago.

Freeze Tag Inc

Freeze Tag Inc Defies Expectations with Impressive Revenue Growth, but Struggles with Profitability

In the financial second quarter of 2023, Freeze Tag Inc, a software and programming company, failed to grow its income despite an impressive revenue improvement. The revenue increased by 17.616% to $0.58 million, but the income remained unchanged at $0.00 per share compared to the previous year. In comparison to the previous quarter's income of $0.00 per share, the revenue increased by 13.331% from $0.51 million.
The earnings in the financial second quarter of 2023 showed a significant decline of -82.56%, falling to $0.025 million from break-even in the corresponding period a year before. This indicates a concerning decrease in profitability for Freeze Tag Inc.

Freeze Tag Inc

Innovative Software Developer Freeze Tag Inc Breaks Revenue Decline, Emerges as Resilient Industry Leader with Impressive Earnings

Freeze Tag Inc - A Promising Company with Strong Growth Potential
Freeze Tag Inc, an innovative software development company, has recently announced impressive earnings per share despite facing a modest revenue decline in the first quarter of 2023. The company's EPS remained stable at $0.00, demonstrating its ability to weather a challenging economic climate and adapt quickly to market changes. This news is reassuring for investors and suggests that Freeze Tag Inc is a promising company with strong growth potential.
Although the company's revenue decreased by -0.881%, down to $0.51 million, as compared to the previous year, Freeze Tag Inc's financial performance still remains impressive, especially in a challenging economic environment. The company's performance demonstrates a resilience and a focus on cost-efficiency that is unmatched by its industry peers.






 

Freeze Tag Inc's Segments
 
 
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