Liquid Media Group Ltd. (YVR) is empowering IP creators by providing them with different business solutions. The company’s stock price declined slightly by 3.52% to remain at $0.82 at the closing of Thursday’s regular trading. Its price rocketed higher in the aftermarket session by 8.47%. The current stock price as of the writing stands at $0.89.
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YVR: Recent Developments
YVR reported its Q4 2021 financials on April 7 and managed to get the attention of the investors by posting net sales of approximately $0.75 million. The net sales of the company in the previous year were recorded to be $0.01 million, so a large difference of $0.73 million was observed year-over-year. The company management termed this accomplishment to be the result of addition of iNDIEFLIX along with other operational improvements and strategic collaborations.
YVR: Industry Outlook
The global business solution providers are in the red for the past year as a result of the challenges faced by the reemergence of the omicron variant of COVID-19, along with the recent chaos associated with the Russia-Ukraine conflict. Although the overall growth is declining yet many companies made advancements as a result of the global incline towards digitalization.
YVR: Company Outlook
The company stock is 39% up and 78% down the last months and last year respectively as an outcome of the financial constraints faced by the company during the pandemic. The average volume of the company’s shares for three months period is 612.9 thousand with 15.8 million shares outstanding. Its market cap stood at $12.9 million. The acquisition of Digital Cinema United and Cease Trade Order issuance impacted the company’s stock positively in March.
YVR outperformed in the current aftermarket trading as the company noticed a gain in net sales primarily due to the acquisition of INDIEFLIX Group Inc. Although its EPS declined considerably over the year, the gain in net sales gave much-needed momentum to the company’s stock.