$TPTW April 14, 2020 / TPT Global Tech, Inc. ("TPT
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Posted On: 04/15/2020 3:27:15 PM
$TPTW April 14, 2020 / TPT Global Tech, Inc. ("TPTG or the Company"
(TPTW) announced today the company filed its 2019 annual Form 10-K which included record top line revenues for the Company. The company's revenues for 2019 were $10.2M, a 990 % increase from the prior year. This increase resulted primarily from its acquisition of the assets of SpeedConnect, LLC and the increase of Blue Collar's 2019 revenues from its film production activity.
These increases in revenues helped improve our loss from operations before depreciation, amortization and share based compensation (Non GAAP) from a 2018 loss of $2,897,807 to a loss of $152,571 for the 2019 calendar year. Although the overall net loss for 2019 was $14M, most of this was due to accounting for our derivative financing instruments which reflected over $10M in non-cash expense on our profit and loss. We hope to refinance these derivative financing instruments in the current year.
(TPTW) announced today the company filed its 2019 annual Form 10-K which included record top line revenues for the Company. The company's revenues for 2019 were $10.2M, a 990 % increase from the prior year. This increase resulted primarily from its acquisition of the assets of SpeedConnect, LLC and the increase of Blue Collar's 2019 revenues from its film production activity. These increases in revenues helped improve our loss from operations before depreciation, amortization and share based compensation (Non GAAP) from a 2018 loss of $2,897,807 to a loss of $152,571 for the 2019 calendar year. Although the overall net loss for 2019 was $14M, most of this was due to accounting for our derivative financing instruments which reflected over $10M in non-cash expense on our profit and loss. We hope to refinance these derivative financing instruments in the current year.
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