AGM Group 1H Loss Narrows On Lower Expense

September 29, 2021 2:17 PM | 1 min read | Make a Comment

Integrated technology company AGM Group Holdings Inc AGMH reported the first-half FY21 revenue of $nil, versus $8,449 posted last year. Third parties generated all the revenues last year.
The operating loss narrowed to $(0.50) million. The net loss contracted to $(0.51) million.
AGM Group held $0.46 million in cash and equivalents as of June 30, 2021, and used $(0.35) million in operating cash flow during the six months.
AGM Group appointed former Pintec Technology Holdings Ltd PT CFO Steven Yuan Ning Sim as the CFO, effective September 24, as Zhihe Yang resigned.
Price Action: AGMH shares traded lower by 1.12% at $8.85 on the last check Wednesday.