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The company booked revenues of only $1.2 million in Q3 as some investors were hoping for an annual revenue rate of $100 million.
HUMBL announced NFT and ticketing platforms in September, but I don’t have high hopes for their performance considering how bad its other products have done.
The lock-up period for the Series B preferred shares expires at the start of December, which is likely to put further pressure on the market valuation.