InvestorNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Announces Preliminary Q4 2020 Financial Results

January 29, 2021 10:15 AM EST

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Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (AR) interactive entertainment games, toys and educational materials in China, today announced preliminary unaudited financial results for the fourth quarter ended Dec. 31, 2020. According to the update, the company’s total revenues increased more than 70% to approximately US$20 million, compared to US$11.8 million in the prior-year period. We are pleased with the top-line growth achieved during the 2020 fourth quarter. This was primarily driven by revenues from our strategic acquisition of Xunpusen, which has set a strong foundation for us to be able to execute an effective sales and marketing strategy for our AR, education, and mobile game products by leveraging their expertise in enterprise software solutions and mobile sales to promote products directly to customers, Blue Hat CEO Xiaodong Chen said in the news release. Xunpusens partnership with China Mobile, announced in November of last year, will serve to increase these sales channels and strengthen Blue Hats brand as a recognized leader in interactive entertainment and education technologies and implementation.

To view the full press release, visit https://ibn.fm/4IVUi

About Blue Hat

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile-game features. The companys entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the companys investor relations website at www.IR.BlueHatGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT

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