BMTM - Bright Mountain Media estimates 130% growth in FY20 prelim revenues
Bright Mountain Media (BMTM) reported prelim financial results for year ended Dec.31, 2020; prelim revenues seen rising an estimated 130% Y/Y to ~$16M led by continued platform growth, including from the acquisition of the company's publishing division Wild Sky Media.FY20 net loss from operations before tax is expected to be in a range between $75-$80M, mainly driven by non-cash impairment charges of ~$61M.
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Bright Mountain Media estimates 130% growth in FY20 prelim revenues