CBMJ Exceeds Expectations with 532% Revenue Growth for Q-2, Reduces Share Count by 8.5%

Venice, FL / ACCESSWIRE / August 14, 2024 / Conservative Broadcast Media & Journalism, Inc. (OTC PINK:CBMJ) through its subsidiary Patriot.TV announced significant financial performance improvements in its recent quarterly filing.

The company reported a quarterly revenue increase of $486K for the quarter ending June 30, 2024, growing 532% over the same period in 2023. For the six months ending June 30, 2024, revenue was up 469% over 2023, reaching $852K. The company recorded a net loss of $90K or $0.00 per share for the three months ending June 30, 2024.

CBMJ's issued and outstanding share count decreased by 4.3M to 49.3M after a return to treasury of previously issued shares in Q-1 2024. Current assets increased by 69% since December 31, 2023, while current liabilities dropped by 3.8% in the same period. Stockholders' equity rose by 6% since December 31, 2023.

CEO Mark Schaftlein attributed the success to the team's dedication across various departments and highlighted the company's competitive presence in media. CBMJ generates revenue through show sponsorships, membership programs, affiliate sales, and precious metals sales via its streaming platform Patriot.TV and online retail store PatriotTV.store.

CBMJ also completed PCAOB certified audits consistent with requirements for uplisting to senior exchanges.