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For the six months ended 30 June 2016, Multimedia Platforms Inc revenues increased from $423K to $1.5M. Net loss decreased 65% to $4.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Change in fair value of convertible note increase from $4.2M (expense) to $237K (income).
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Revenue | 0.75 | 0.7 | 0.95 | 0.44 |
Gross Profit | 0.19 | 0.02 | 0.49 | 0.14 |
Operating Income | -2.15 | -1.27 | -2.08 | -1.59 |
Net Income | -2.9 | -1.8 | 8 | -2.17 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Total Assets | 7.71 | 8.35 | 8.36 | 8.4 |
Total Liabilities | 5.96 | 4.7 | 3.41 | 12.94 |
Total Equity | 1.75 | 3.66 | 4.95 | -4.55 |
Period Ending: | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 |
---|---|---|---|---|
Period Length: | 6 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | -0.24 | -0.27 | -2.49 | -1.89 |
Cash From Investing Activities | -0.14 | -0.09 | -0.55 | -0.47 |
Cash From Financing Activities | 0.43 | 0.42 | 3.1 | 2.63 |
Net Change in Cash | 0.05 | 0.06 | 0.06 | 0.26 |
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