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Grom Social Enterprises Inc   (GROM)
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Price: $0.7770 $0.05 7.143%
Day's High: $0.777 Week Perf: -4.46 %
Day's Low: $ 0.73 30 Day Perf: -7.5 %
Volume (M): 22 52 Wk High: $ 19.98
Volume (M$): $ 17 52 Wk Avg: $5.49
Open: $0.77 52 Wk Low: $0.69



 Market Capitalization (Millions $) 525,945
 Shares Outstanding (Millions) 676,892
 Employees -
 Revenues (TTM) (Millions $) 5
 Net Income (TTM) (Millions $) -15
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Grom Social Enterprises Inc
Grom Social Enterprises Inc is a social media company created for kids and teens. It aims to provide a safe and positive online platform for young users. The company offers a variety of digital content including games, videos, and educational materials. It also focuses on promoting online safety and cyberbullying prevention through educational programs and resources. Grom Social aims to empower young users to engage in positive online interactions and to inspire creativity and learning.


   Company Address: 2060 NW Boca Raton Blvd Boca Raton 33431 FL
   Company Phone Number: 287-5776   Stock Exchange / Ticker: NASDAQ GROM
   GROM is expected to report next financial results on April 16, 2024.


   

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Product Service News

E-commerce and Gift Guides Reshape the Spectacular Christmas Season of 2023

Published Mon, Jan 29 2024 3:00 PM UTC

The 2023 Christmas season witnessed a transformative shift in consumer behavior as e-commerce and helpful holiday editorial gift guides spurred consumers to engage in a remarkable online shopping spree. Against the backdrop of the COVID-19 pandemic, Santa.com celebrated gains across various key visitor metrics, ultimately reshaping the way people approached gift-giving durin...

Financing Agreement

Grom Social Enterprises, Inc. Closes $4.0 Million Private Placement, Paving the Way for Safer and Engaging Social Media for Kids

Published Thu, Dec 21 2023 10:15 PM UTC

Grom Social Enterprises, Inc. Announces Successful Closing of $4.0 Million Private Placement, Reinforcing Commitment to Safe Social Media for Kids
BOCA RATON, Fla., Dec. 21, 2023 - Grom Social Enterprises, Inc. (NASDAQ: GROM; GROMW) - a leading media, technology, and entertainment company with a firm dedication to providing family-friendly programming, innovative web fil...

Grom Social Enterprises Inc

Grom Social Enterprises Inc Suffers Major Revenue Decline in Q3 2023



Grom Social Enterprises Inc has experienced a significant decline in stock performance, registering a -14.18% dip over the past five trading days. This adds to an already concerning year-to-date performance of -96.77%. However, it is crucial to examine the recent financial results to understand the potential impact they may have on the company's future.
Financial Performance in the Fiscal Third Quarter of 2023:
Grom Social Enterprises Inc achieved balanced books with earnings of $0.00 per share during the fiscal third quarter of 2023. While this indicates stability compared to the previous year and the previous reporting period, the company's revenue saw a notable decline of -34.662% to $0.97 million from $1.48 million in the same period a year ago. However, there was a slight sequential growth of 1.436% from $0.96 million.

Grom Social Enterprises Inc

Grom Social Enterprises Inc: Triumphant Turnaround Amid a Challenging Q2 Earnings Season in 2023

Over the past 5 days, Grom Social Enterprises Inc stock has experienced a significant decline of -19.83%, continuing a downward trend in its year-to-date performance, which now stands at -87.08%. These figures indicate a challenging period for the company, with its stock currently trading on the NASDAQ at -64.6% below its 52-week average.
One important factor contributing to this decline is the recent financial performance of Grom Social Enterprises Inc. In the second quarter of 2023, the company reported earnings of $0.00 per share, compared to earnings of $0.00 per share in the same period the previous year and $0.00 per share in the prior reporting season. This suggests a lackluster performance in terms of profitability.

Grom Social Enterprises Inc

Grom Social Enterprises Inc. Reveals Minimal Revenue Decline in Q1 2023 Financial Report

Grom Social Enterprises Inc recently announced their first-quarter earnings for 2023, reporting null earnings per share (eps) and a modest revenue decline. Although their revenue depreciated by -2.557%, it still amounted to $1.20 million, a decrease from the prior quarter, where the company reported an eps of $0.00 and a revenue of $1.57 million.
The recent numbers came as a surprise to the market, given the expectations of a positive growth trajectory for Grom Social Enterprises Inc. However, the company has been facing several challenges in the past year, including the impact of the COVID-19 pandemic, supply chain disruptions, and increased competition.






 

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