Reports Q2 revenue $1.7M vs. $5.9M last year. Xiaodong Chen, CEO of Blue Hat, stated, "In order to cope with the current situation of the economy environment, some adjustments have been made to the Company’s business, and the Company has suspended or reduced the AR Immersive Course, game and communication business, which were severely affected by the COVID-19 pandemic. The Company has increased the commodity supply chain commodity trading platform project and increased the breadth of the Company’s business. At the same time, the Company has increased the investment and development of some new projects such as new energy graphene, which will provide some foundation for the future development of the Company, to grow the Company steadily and maximize shareholder value."
Published first on TheFly
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