Blue Hat Interactive Entertainment Technology 2024 Financial Results Report: Total Assets Surge by 53%
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported its 2024 financial results, marking a significant strategic shift towards the gold industry. The company invested $66.49 million in acquiring 1 ton of physical gold in August 2024. While total revenues declined 74.59% to $18.72 million from $73.69 million in 2023 due to business transformation, total assets grew by 53%, with current assets increasing by 78%. The company reduced its net loss by 56% to $9.52 million from $21.72 million, and improved its gross margin from 1.6% to 8.3%. Operating cash outflow decreased by 91% to $880,000.
For 2025, BHAT plans to focus on managing gold reserves, integrating supply chain resources, and developing a digital gold trading platform.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) ha annunciato i risultati finanziari del 2024, segnando un'importante svolta strategica verso l'industria dell'oro. Nell'agosto 2024, la società ha investito 66,49 milioni di dollari per acquisire 1 tonnellata di oro fisico. Nonostante i ricavi totali siano diminuiti del 74,59%, passando da 73,69 milioni di dollari nel 2023 a 18,72 milioni, a causa della trasformazione aziendale, gli attivi totali sono cresciuti del 53%, con un aumento del 78% degli attivi correnti. La società ha ridotto la perdita netta del 56%, portandola a 9,52 milioni di dollari da 21,72 milioni, e ha migliorato il margine lordo dall'1,6% all'8,3%. L'esborso di cassa operativo è diminuito del 91%, attestandosi a 880.000 dollari.
Per il 2025, BHAT intende concentrarsi sulla gestione delle riserve d'oro, sull'integrazione delle risorse della catena di approvvigionamento e sullo sviluppo di una piattaforma digitale per il commercio dell'oro.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) informó sus resultados financieros de 2024, marcando un cambio estratégico significativo hacia la industria del oro. En agosto de 2024, la empresa invirtió 66,49 millones de dólares para adquirir 1 tonelada de oro físico. Aunque los ingresos totales disminuyeron un 74,59%, pasando de 73,69 millones en 2023 a 18,72 millones, debido a la transformación del negocio, los activos totales crecieron un 53%, con un aumento del 78% en los activos corrientes. La compañía redujo su pérdida neta en un 56%, situándola en 9,52 millones desde 21,72 millones, y mejoró su margen bruto del 1,6% al 8,3%. El flujo de caja operativo negativo se redujo un 91%, hasta 880.000 dólares.
Para 2025, BHAT planea enfocarse en la gestión de reservas de oro, la integración de recursos de la cadena de suministro y el desarrollo de una plataforma digital para el comercio de oro.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)는 2024년 재무 실적을 발표하며 금 산업으로의 중요한 전략적 전환을 알렸습니다. 2024년 8월에 회사는 1톤의 실물 금을 인수하는 데 6,649만 달러를 투자했습니다. 사업 전환으로 인해 총 수익은 2023년 7,369만 달러에서 74.59% 감소한 1,872만 달러로 줄었지만, 총 자산은 53% 증가했으며 유동 자산은 78% 증가했습니다. 회사는 순손실을 56% 줄여 2,172만 달러에서 952만 달러로 개선했고, 총이익률은 1.6%에서 8.3%로 향상되었습니다. 영업 현금 유출은 91% 감소하여 88만 달러에 그쳤습니다.
2025년에는 BHAT가 금 보유 관리, 공급망 자원 통합, 디지털 금 거래 플랫폼 개발에 주력할 계획입니다.
Blue Hat Interactive Entertainment Technology (NASDAQ : BHAT) a publié ses résultats financiers pour 2024, marquant un tournant stratégique important vers l'industrie de l'or. En août 2024, la société a investi 66,49 millions de dollars pour acquérir 1 tonne d'or physique. Bien que le chiffre d'affaires total ait chuté de 74,59 %, passant de 73,69 millions de dollars en 2023 à 18,72 millions en raison de la transformation de l'activité, l'actif total a augmenté de 53 %, avec une hausse de 78 % des actifs courants. La société a réduit sa perte nette de 56 %, la ramenant à 9,52 millions de dollars contre 21,72 millions, et a amélioré sa marge brute de 1,6 % à 8,3 %. La sortie de trésorerie d'exploitation a diminué de 91 %, s'établissant à 880 000 dollars.
Pour 2025, BHAT prévoit de se concentrer sur la gestion des réserves d'or, l'intégration des ressources de la chaîne d'approvisionnement et le développement d'une plateforme numérique de trading d'or.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) veröffentlichte seine Finanzergebnisse für 2024 und markierte damit eine bedeutende strategische Neuausrichtung hin zur Goldindustrie. Im August 2024 investierte das Unternehmen 66,49 Millionen US-Dollar zum Erwerb von 1 Tonne physischem Gold. Während der Gesamtumsatz aufgrund der Geschäftstransformation um 74,59 % von 73,69 Millionen US-Dollar im Jahr 2023 auf 18,72 Millionen US-Dollar zurückging, stiegen die Gesamtvermögenswerte um 53 %, wobei die kurzfristigen Vermögenswerte um 78 % zunahmen. Das Unternehmen verringerte seinen Nettoverlust um 56 % von 21,72 Millionen auf 9,52 Millionen US-Dollar und verbesserte seine Bruttomarge von 1,6 % auf 8,3 %. Der operative Cashflow-Abfluss sank um 91 % auf 880.000 US-Dollar.
Für 2025 plant BHAT, sich auf die Verwaltung der Goldreserven, die Integration von Lieferkettenressourcen und die Entwicklung einer digitalen Handelsplattform für Gold zu konzentrieren.
- Total assets increased by 53%, with current assets growing 78%
- Net loss reduced by 56% from $21.72M to $9.52M
- Gross margin improved from 1.6% to 8.3%
- Operating cash outflow decreased by 91% to $880,000
- Strategic acquisition of 1 ton of physical gold worth $66.49M
- Revenue decreased 74.59% to $18.72M from $73.69M
- Gold acquisition has not yet generated any revenue
- Company continues to operate at a loss ($9.52M)
- Increased liabilities due to business expansion
Insights
Blue Hat's pivot to gold sector shows 53% asset growth but 74.59% revenue drop, creating high-risk transformation with uncertain future profitability.
Blue Hat's financial results reveal a dramatic strategic transformation from interactive entertainment to gold industry participation. The company's acquisition of 1 ton of physical gold for
The most concerning aspect of this transformation is the steep
Some financial metrics show improvement despite the revenue collapse. The company reduced its net loss by
The future strategy centers on three pillars: potentially expanding gold reserves, developing gold industry supply chain integration, and creating a digital gold trading platform. This represents a comprehensive pivot to an entirely different industry without clear evidence of specialized expertise. While management frames this transformation optimistically, it introduces substantial execution risk as the company attempts to establish itself in the competitive gold sector.
XIAMEN, China, May 02, 2025 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT) today released its audited financial results for the fiscal year ended December 31, 2024. Under the strategic guidance of management, the company actively seized opportunities in the gold industry, completing the strategic procurement of 1 ton of physical gold for approximately
Additionally, in terms of profitability, the company's gross margin increased from
Looking ahead to 2025, the company will continue to deepen its presence in the gold industry, focusing on three strategic priorities: First, strategically managing and potentially expanding our physical gold reserves to optimize our asset base, while carefully monitoring market conditions and price volatility; second, deeply integrating upstream and downstream supply chain resources to build a comprehensive industrial ecosystem; and third, accelerating the development and promotion of a digital gold trading platform to create a transparent and efficient new paradigm for gold trading. We believe that through continuous business model innovation and technology empowerment, we will create greater long-term value for shareholders and propel the company toward a new phase of high-quality development.
About Blue Hat
Blue Hat was formerly a provider of communication services, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Contact Information:
Blue Hat Interactive Entertainment Technology
Phone: +86(592)228-0010
Email: ir@bluehatgroup.net
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