Vinco Ventures Inc (PK:BBIG)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | C/O INCORP SERVICES 3773 HOWARD HUGHES PKWY. STE 500S LAS VEGAS NV 89169 |
| Tel: | N/A |
| Website: | https://investors.vincoventures.com |
| IR: | See website |
| Key People | ||
| Roderick Vanderbilt Chairman of the Board | James Robertson President, Chief Executive Officer | Chris Polimeni Chief Financial Officer, Chief Operating Officer | Erik Noble Chief Security Officer |
| Business Overview |
| Vinco Ventures, Inc. is a digital media and content technology company. The Company, through its subsidiary, ZVV Media Partners, LLC, has an 80% ownership interest in Lomotif Private Limited (Lomotif), which offers a video-sharing social networking platform that is committed to democratizing video creation. The Lomotif app allows its users to create their own music videos by selecting pictures and videos from the camera, mixing them with music, and transforming video clips into music videos. The Lomotif platform offers LoMoTV, a digital entertainment and lifestyle content network offering original programming. Through AdRizer LLC, it provides technology solutions to automate the use of artificial intelligence for digital advertising analytics and programmatic media buying through its core platform, Cortex. Through Honey Badger Media, LLC, it offers a full-service digital commerce strategy solution focused on brand specific messaging and designing comprehensive digital campaigns. |
| Financial Overview |
| For the nine months ended 30 September 2022, Vinco Ventures Inc revenues increased from $5.5M to $23.7M. Net loss applicable to common stockholders excluding extraordinary items decreased 59% to $322.7M. Revenues reflect Media flatform sales segment increase from $1M to $7.7M, North America segment increase from $7.5M to $17.1M. Lower net loss reflects Change in fair value of warrant liab increase from $287.9M (expense) to $166.4M (income). |
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