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Bm Technologies Inc   (BMTX)
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Bm Technologies Inc recognizes $0.23 million charge

Bm Technologies Inc reports $-4.920 million deficit, as impairment charges strip off $0.23 million from the fiscal time-frame closing September 30 2022 earnings.

Published 2022-11-16T14:25:56+00:00
Goran Soko / CSIMarket.com Contributer

ATM_nice_pdLower orders led to fading revenues and an increased deficit, in the fiscal time-frame closing September 30 2022 BMTX slipped into deficit to $-0.41 per share, while Revenue fell by -9.63 % to $19.86 millions, year on year.

In the previous financial reporting period the company realized Revenue of $28.65 millions and bottom line of $0.35 per share.


For the fiscal time-frame closing September 30 2022 Bm Technologies Inc logged net deficit of $-4.920 million, instead of net earnings of $8.794 millions have recorded in the same financial reporting period a year before.

The company's $0.23 million impairment of assets, was mainly responsible for the fiscal time-frame closing September 30 2022 deficit, but without it, Bm Technologies Inc would still struggle to break even.


Bm Technologies Inc is expected to report next financial earnings on May 09, 2023.


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