Full Year 2022 Total Revenue of $14.2 Million23% Year-Over-Year Growth in Business Operations RevenueTORONTO, April 24, 2023 (GLOBE NEWSWIRE) -- OverActive Media (“OverActive” or the “Company”) (TSXV: OAM) (OTCQB: OAMCF), a global sports, media and entertainment company for today’s generation of fans, today released its fourth quarter and year-end results for the three-and-twelve-month periods ended December 31, 2022. These non-cash charges do not affect our continuing operations.”Full Year 2022 Financial HighlightsFull year 2022 total revenue was $14.2 million, the same amount as in 2021. Net loss of $(36.9) million for the full year 2022, compared to $(19.4) million for the full year 2021. Net loss for the year included a non-cash impairment charge of $34.2 million in 2022, while no impairment was recognized in the prior year. As of December 31, 2022, the Company had cash and cash equivalents of $13.6 million.

Source: Forbes April 24, 2023 23:38 UTC