Amaze reports Q3 EPS (85c) vs. (45c) last year

Reports Q3 revenue $1.25M vs. $0.06M last year. “In the third quarter, we continued to lay the groundwork for Amaze’s (AMZE) long-term success, highlighted by our launch of Amaze Moments and recent acquisition of The Food Channel,” said Aaron Day, CEO of Amaze. “Interest in Amaze Moments has been tremendous so far. Many of our creators, including the trailblazing digital influencer Perez Hilton, are already leveraging our new advanced AI engine to remain ahead of the curve and capitalize on fast-moving trends driving today’s markets. Additionally, with The Food Channel now part of the Amaze platform, we’ve seen an incredible response from brands, product companies, media companies, and food creators alike. In the coming weeks, we will be partnering with many of today’s leading culinary creators, expanding our reach beyond our already-strong presence across the entertainment, lifestyle, music, and gaming industries. Financially, we generated $1.25 million in net revenue this quarter, a strong 44% sequential increase despite being in our seasonally slowest period. Over the last few weeks, we’ve also taken material steps to streamline our business, including making enhancements to the efficiency of our technology platform, consolidating elements of our supply chain, and removing costs in other non-core areas. Looking ahead, our approach will continue to be focused on a balance of growth and profitability. As we head into peak holiday shopping season, we’re expecting to see a healthy ramp in GMV and net revenue, which should substantially flow through to our bottom line.”