MGO Global reports Q2 EPS ($1.35) vs. (94c) last year

Reports Q2 revenue $1.43M vs. $1.72M last year. Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO, stated, “Despite a challenging macro-environment that remains dynamic with American consumers pulling back on discretionary spending, coupled with the fact that MGO has been implementing a more cost-efficient, higher return approach to marketing spend in 2024, sales of Stand Flagpoles and the brand’s related direct-to-consumer product offerings, have remained relatively stable through the first six months of this year. Moreover, for the past several months we have been making steady progress advancing our anticipated, transformative business combination with Heidmar, and believe that its exciting, highly profitable business and robust future growth prospects could ultimately provide MGO’s stockholders with the opportunity to realize potentially significant and sustainable value creation over the long term.”