MGO Global reports 2023 EPS (51c) vs. (25c) last year

Reports 2023 revenue $5.4M vs. $1.05M last year. Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO Global, stated, “I am pleased to report that we finished 2023 on a strong note, with our new Stand Flagpole business delivering solid revenue performance and The Messi Store demonstrating notable double-digit growth. With the recently disclosed assignment of our global license agreement for the Messi Brand, we succeeded in unleashing untapped value in the investments we’ve made to date in the brand’s development by materially strengthening our balance sheet with the $2,000,000 in proceeds received from the assignee and eliminating the minimum guaranteed payment obligation under the license on a going forward basis. Looking ahead, we believe that we are steadily advancing towards our goal of delivering additional value creation for our shareholders through our focus on other potential brand-building initiatives with the same promising, high growth profile and potential to yield superior financial results as Stand Flagpoles.”