Blue Hat (NASDAQ: BHAT), a leading communication services and internet data center (“IDC”) business provider and developer, and an operator of mobile games and augmented reality (“AR”) education curricula and products in China, today announced its unaudited financial results for the three and nine months ended Sept. 30, 2021 (“third quarter 2021” and “nine months 2021,” respectively). Among the highlights, the company reported a 235.6% increase in total revenues, driven primarily by increased sales from the IDC business with support from the mobile gaming and information technology services businesses. “2021 has been a monumental year for Blue Hat, with significant gains generated due to a proactive acquisition strategy across our integrated businesses,” said Xiaodong Chen, CEO of Blue Hat. “The company achieved record revenues of US$31.3 million in the first nine months of 2021, more than tripling our top line from the prior-year period with the launch of our communication services/IDC business with the acquisition of Xunpusen Technology Co. Ltd. in late 2020. In addition, we continue to build an interactive entertainment platform including mobile games, augmented reality toys and a fully immersive education curriculum. We are pleased with the improved results on the bottom line during third quarter 2021 as we have continued to integrate these businesses into Blue Hat’s operations, and we remain confident in our ability to continue executing on our growth strategy to conclude the year on a strong note. We look forward to making continued investments in our various lines of business, including technology development and partnership expansions, which we believe will establish a firm foundation for long-term growth.”
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About Blue Hat Interactive Entertainment Technology
Blue Hat is a leading communication services and IDC business provider as well as a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. 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 company’s investor relations website at https://IR.BlueHatGroup.com.
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