$CBMJ CBMJ Revenues Increase 118% While Net Revenu
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Posted On: 03/30/2021 2:25:04 PM
$CBMJ CBMJ Revenues Increase 118% While Net Revenues Nearly Quadruple in 2020 Over 2019
https://finance.yahoo.com/news/cbmj-revenues-...00464.html
Powder Springs, GA, March 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Conservative Broadcast Media & Journalism (OTC:CBMJ) reported strong pro forma 2020 revenue growth of 118% year over year.
Revenue for the full year 2020 came in at $2.4M. This is an increase of $1.3M over 2019 Revenue of $1.1M. Net Income for 2020 was $450K compared to 2019 Net Income of $115K. These results match the previous expectations by the company in Q-4 of 2020.
"We are very pleased with the growth in revenue for the company which matched our prior expectations. Our strategy of making strategic acquisitions to build a consistent revenue model along with developing our own social media platform will be key initiatives in 2021," stated CEO Mark Schaftlein.
"With the purchase of Military Grade Coffee in Q-4 of 2020 and the acquisition of J. Vincent Creative Digital Marketing Agency in Q-1 of 2021, along with a few key hires to enhance our customer base and drive our clients’ digital web presence, we are well on track to have solid revenue and earnings growth in 2021," stated President Brandon Vallorani.
CBMJ also announced other notable developments driving growth and strategic opportunities including that the Company’s’ opt in email database, which now exceeds 12M addresses, and that their new private email account platform, Constitution.com, presents significant growth opportunities.
Conservative Broadcast Media & Journalism e-commerce sites Store.FlagandCross.com, www.thrashercoffee.com, MilitaryGradeCoffee.com, and www.valloranicigars.com continue to drive product sales while additional news websites, FlagAndCross.com, LibertyHub.com, and GreatAmericanPolitics.com, are poised to contribute additional ad revenue in 2021.
The Company also confirmed that it has plans this year to increase the distribution of its CEO’s television show “The Schaftlein Report” www.schaftleinreport.com, which focuses on political and economic issues of the day and provides a roster of 30 guest commentators a forum to express their views.
https://finance.yahoo.com/news/cbmj-revenues-...00464.html
Powder Springs, GA, March 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Conservative Broadcast Media & Journalism (OTC:CBMJ) reported strong pro forma 2020 revenue growth of 118% year over year.
Revenue for the full year 2020 came in at $2.4M. This is an increase of $1.3M over 2019 Revenue of $1.1M. Net Income for 2020 was $450K compared to 2019 Net Income of $115K. These results match the previous expectations by the company in Q-4 of 2020.
"We are very pleased with the growth in revenue for the company which matched our prior expectations. Our strategy of making strategic acquisitions to build a consistent revenue model along with developing our own social media platform will be key initiatives in 2021," stated CEO Mark Schaftlein.
"With the purchase of Military Grade Coffee in Q-4 of 2020 and the acquisition of J. Vincent Creative Digital Marketing Agency in Q-1 of 2021, along with a few key hires to enhance our customer base and drive our clients’ digital web presence, we are well on track to have solid revenue and earnings growth in 2021," stated President Brandon Vallorani.
CBMJ also announced other notable developments driving growth and strategic opportunities including that the Company’s’ opt in email database, which now exceeds 12M addresses, and that their new private email account platform, Constitution.com, presents significant growth opportunities.
Conservative Broadcast Media & Journalism e-commerce sites Store.FlagandCross.com, www.thrashercoffee.com, MilitaryGradeCoffee.com, and www.valloranicigars.com continue to drive product sales while additional news websites, FlagAndCross.com, LibertyHub.com, and GreatAmericanPolitics.com, are poised to contribute additional ad revenue in 2021.
The Company also confirmed that it has plans this year to increase the distribution of its CEO’s television show “The Schaftlein Report” www.schaftleinreport.com, which focuses on political and economic issues of the day and provides a roster of 30 guest commentators a forum to express their views.
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