Blue hat announces financial results for third quarter of 2021, highlighted by a 235.6% increase in total revenues to us $13.3 million
Xiamen, china, dec. 6, 2021 /prnewswire/ -- blue hat interactive entertainment technology ("blue hat" or the "company") (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 september 30, 2021 ("third quarter 2021" and "nine months 2021", respectively). third quarter 2021 and nine months 2021 financial highlights total revenues of us $13.3 million, up 235.6% from us $4.0 million in the prior-year period, driven primarily by increased sales from the idc business with support from the mobile gaming and information technology services businesses gross profit of us $5.4 million, up 94.3% from us $2.8 million in the prior-year period income from operations of us $2.0 million, unchanged from us $2.0 million in the prior-year period net income of us $2.0 million, up 21.5% from us $1.7 million in the prior-year period nine months 2021 total revenues of us $31.3 million, up 254.3% from us $8.8 million in the prior-year period nine months 2021 gross profit of us $14.2 million, up 120.7% from us $6.4 million in the prior-year period nine months 2021 income from operations of us $5.6 million, up 55.3% from us $3.6 million in the prior-year period nine months 2021 net income of us $3.4 million, up 16.4% from us $2.9 million in the prior-year period us $11.9 million in cash and cash equivalents at september 30, 2021 management commentary mr.
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