Conservative Broadcast Media & Journalism Inc - CBMJ STOCK NEWS

Conservative Broadcast Media and Journalism (CBMJ) released its quarterly report on November 16, 2022. The company reported a loss of $0.01 per share and an operating loss of $159K, alongside a non-cash charge of $3.5M. As part of the strategic move to downsize, CBMJ completed the sale of its e-commerce business, returning 59.76 million shares and reducing its outstanding share count to 359.4 million. The company aims to refocus on its web business, which includes client services, database management, and consulting.

Conservative Broadcast Media & Journalism (CBMJ) announced the sale of its E-Commerce business for $1.247 million to Stonewall Enterprises, including $120,000 in cash and $380,000 in notes. The deal also involves returning 59,760,000 shares to treasury, valued at $747,000. This strategic move allows CBMJ to focus on high-margin businesses like media and web development, aiming to reduce operating expenses and achieve positive cash flow. Post-transaction, the issued shares stand at 359.4 million.

Conservative Broadcast Media & Journalism (CBMJ) has raised an additional $230K in Q1 2022 to consolidate its multiple e-commerce stores into a single superstore, Patriot Depot (patriotdepot.com). CEO Ford Jordan anticipates that this consolidation will improve efficiencies in product distribution and shipping. The company plans to file its annual report, including full-year results for 2021, by March 31, 2022. CBMJ operates various online platforms and maintains one of the largest databases of conservative and religious audiences.

CBMJ Inc. (OTC:CBMJ) reported a significant 68% increase in Q4 2021 revenue, rising from $785K in 2020 to $1.32M. Full-year revenue also surged 82% to $4.44M compared to $2.43M in 2020. The company attributes this growth to e-commerce sales, which made up 75% of total revenue. Despite strong sales, net income goals were not met due to inventory adjustments, increased shipping costs, and advertising censorship. The appointment of Hanford Jordan as CEO of subsidiaries aims to address these challenges and achieve a 10% earnings target for 2022.

CBMJ Inc. (OTC:CBMJ) has announced the appointment of Hanford Jordan as the new CEO for its subsidiaries DeDonato Enterprises and Patriot Depot. Jordan, who also serves as COO/CFO at Liftable Media and CEO of Western Journal, brings extensive experience in e-commerce and data analytics. His leadership is expected to facilitate the merger of the two companies, enhancing opportunities in publishing and journalism. The company's digital marketing approach targets a conservative audience, leveraging its substantial social media presence and email database.

CBMJ Inc. (OTC:CBMJ) has announced the launch of its popular online show, The Schaftlein Report, as a podcast on Apple Podcasts. The show, hosted by CEO Mark Schaftlein, features discussions with various experts including military leaders and economists. With a growing national audience, the podcast aims to reach commuters and provide an engaging alternative to traditional talk radio. CBMJ operates a network of political websites and has a significant online presence, including over 12 million email subscribers.

CBMJ Inc. (OTC:CBMJ) reported a significant increase in quarterly revenue for Q3 2021, totaling $1.3M, up 82% compared to $714K in Q3 2020. Year-to-date revenue also rose to $3.12M, from $1.64M in the same period last year. The company plans to launch a new superstore on Black Friday to consolidate its e-commerce offerings and reduce costs. CEO Mark Schaftlein emphasized the integration of recent acquisitions and the focus on recurring advertising revenue through increased traffic to their news site.