AB INTERNATIONAL GROUP CORP. SEC 10-Q Report
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AB International Group Corp., a company engaged in the sale and purchase of film and drama copyrights, licensing of NFT platforms, and operation of movie theaters, has released its latest Form 10-Q report. The report highlights a significant financial turnaround and robust business performance for the nine months ended May 31, 2025.
Financial Highlights
- Total Revenue: $3.53 million, reflecting an increase due to higher sales of copyrights and broadcast rights and broadcasting revenue.
- Income (Loss) From Operations: $72,206, indicating a shift from a loss in the previous period to a positive operating income.
- Net Income: $39,651, compared to a net loss of $318,285 in the previous year, driven by increased revenue and cost management.
- Net Income (Loss) Per Share: Basic: $0.00, showing no significant change in earnings per share despite the net income.
- Net Income (Loss) Per Share: Diluted: $0.00, consistent with the basic earnings per share, indicating no dilution effect.
Business Highlights
- Revenue Segments: The company derives its revenues from several sources, including selling copyrights of movies or TV shows, licensing the NFT MMM platform, movie theater admissions, food and beverage sales, embedded marketing services, consulting services, advertising services in movie theaters, and broadcasting. The IP segment generated $3,308,128 in revenue, while the cinema segment contributed $221,954 for the nine months ended May 31, 2025.
- Geographical Performance: The company continues to engage in the sale and purchase of film and drama copyrights, with a focus on both global and Mainland China markets. The company has acquired copyrights that allow for global broadcasting, with some exceptions for Mainland China.
- Sales Units: The company has acquired 19 movie copyrights and broadcast rights, a 75-episode TV drama and sitcom, a 20-episode, a 10-episode, and 1,531 series of network TV drama as of May 31, 2025.
- New Product Launches: The company launched a unique Non-Fungible Token (NFT) movie and music marketplace, named the NFT MMM, which includes an app and a website. The NFT MMM platform was licensed to a third party until January 31, 2025.
- New Production Launches: The company operates the Mt. Kisco Theatre in New York, which started operations in October 2022. The theater has five screens and 466 seats for screening films.
- Future Outlook: The company anticipates an increase in revenue by selling movie and TV drama copyrights and broadcast rights, providing embedded marketing services, broadcasting movies and TV dramas through third-party online platforms, and generating movie tickets and related revenues from the Mt. Kisco movie theatre. The company is also exploring additional equity financing and debt borrowings to ensure sufficient working capital.
SEC Filing: AB INTERNATIONAL GROUP CORP. [ ABQQ ] - 10-Q - Jul. 15, 2025