Blue Hat Interactive Entmt Tec Stock Price, News & Analysis

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the launch of its integrated Content Delivery Network (CDN) platform by its subsidiary, Xunpusen Technology. This platform enhances network performance, addressing bandwidth issues during high traffic. With over 2,000 nodes, including 500 overseas, it currently services 800,000 customers and manages around 7 million domain names. The platform aims to improve content delivery for enterprise clients, supported by leading cloud providers in China. CEO Xiaodong Chen expressed optimism about future growth opportunities for Xunpusen and its B2B customer base.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced an expansion of its cooperation with JD Cloud, authorizing its subsidiary, Xunpusen Technology, as a core channel partner. This follows a previous agreement in October 2021 for SMS channel services. With this new certification, Xunpusen aims to enhance its IDC business and foster resource exchange between both entities. CEO Xiaodong Chen emphasized the importance of industry partnerships for growth and the focus on developing core technologies and platforms.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced its subsidiary, Fujian Zhongqing Hand in Hand Education Technology Co., Ltd., has signed agreements to provide AR education courses to 36 kindergartens across eight cities in China, including Shanghai and Shenzhen. The partnerships, including one with Little Venus International Education Group, will implement various AR curricula, enhancing early education experiences. Funding from the Education Bureau of Tong'an District supports the AR personal safety course in Xiamen. Blue Hat aims to expand its AR offerings further in the education sector.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced on December 16, 2021 that it received a 180-day extension from Nasdaq to meet its minimum bid price requirement of $1.00 per share. The Company now has until June 13, 2022 to regain compliance by maintaining this price for 10 consecutive trading days. Blue Hat was previously notified on June 23, 2021 of its non-compliance.
The extension provides the Company a critical opportunity to bolster its stock performance.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported significant financial growth for Q3 and the first nine months of 2021. Total revenues surged by 235.6% to $13.3 million in Q3, driven by the IDC and mobile gaming sectors. Nine-month revenues reached $31.3 million, up 254.3% year-over-year. Gross profit for Q3 climbed 94.3% to $5.4 million, with net income up 21.5% to $2.0 million. The company maintained $11.9 million in cash as of September 30, 2021. CEO Xiaodong Chen expressed confidence in ongoing growth and strategic investments.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) reported significant financial growth for Q2 and H1 2021. Q2 revenues surged to US $8.0 million, up 206.4% year-over-year, driven by mobile games and communication services. Gross profit reached US $4.7 million, a 138.4% increase, while income from operations rose by 159.0% to US $1.9 million. Net income fell to US $0.2 million due to increased expenses. H1 revenues reached US $17.9 million, with gross profit at US $8.8 million. The company had US $11.5 million in cash as of June 30, 2021.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced the signing of cooperation agreements with 10 kindergartens in Jinfeng District, Yinchuang, Ningxia, to implement an AR personal safety and awareness course. This initiative follows a successful exhibition in July 2021 attended by over 80 kindergartens. Supported by the local government and educational authorities, the program aims to enhance early children's education through AR technology. CEO Xiaodong Chen expressed optimism for nationwide promotion to improve children's safety awareness.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced that its subsidiary, Xunpusen Technology Co., Ltd., has signed an agreement to provide SMS channel services for JD Cloud, a major cloud computing provider in China. Xunpusen will own the network SMS channel port and supply the necessary technology and support services to JD Cloud. This agreement will be effective until May 25, 2022. CEO Xiaodong Chen expressed optimism about the partnership, highlighting Blue Hat's growing momentum in the SMS service market.

On July 21, 2021, Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a partnership with Tencent QQ to develop two toy products featuring QQ emoji branding. The QQ Emoji Gyro Inertial Mystery Box is now available for purchase, while the QQ Emoji Bubble Sticks are set to launch soon. CEO Xiaodong Chen expressed enthusiasm for the collaboration and future product developments. The partnership highlights Blue Hat's focus on integrating popular IP into their offerings, potentially enhancing market presence in China's toy and entertainment sectors.