Blue Hat Interactive reports FY24 revenue $18.72M vs $73.69 M last year

Under the strategic guidance of management, the company actively seized opportunities in the gold industry, completing the strategic procurement of 1 ton of physical gold for approximately $66.49 million in August 2024 and establishing deep partnerships with leading enterprises in the gold sector. While total revenues decreased by 74.59% to $18.72 million in 2024 from $73.69 million in 2023 due to the Company’s strategic business transformation, Blue Hat achieved a remarkable 53% growth in total assets, with current assets growing even more significantly by 78%. This growth in assets, particularly through our gold acquisition, has laid a solid resource foundation for future development as we transition to our new business model. At the same time, through continuous business optimization and cost control, the company reduced its net loss by 56%, from $21.72 million in 2023 to $9.52 million in 2024, demonstrating a significant improvement in operational quality