Pulse Evolution Records 2nd Quarter Results
Today, pulse evolution a developer of hyper-realistic digital humans for holographic live performances, virtual reality, augmented reality and artificial intelligence, reported results for its 2nd fiscal quarter for the year ended December 31, 2014.Total operating expenses during the three months and the six months, ending December 31, 2014 were $3,452,673 and $7,024,761, respectively. Net loss attributable to the common shareholders, for the three months and six months, ending December 31, 2014, were $3,292,373 ($0.03 per share) and $6,511,536 ($0.05 per share), respectively.
Bloomberg wrote that the proceeds from the sale of common stock, net of fees, during the three months and the six months, ending December 31, 2014 were $2,096,588 and $4,253,309, respectively. Subsequent to the quarter ended December 31, 2014, and through August 20, 2015, proceeds realized from the sale of preferred stock and common stock, sold in connection with two separate strategic partnerships, and were $5,020,000.Along with todays report, the Company also announced its intention to file, in addition to its remaining 2015 required financials, an S-1 registration statement in connection with an underwritten public offering of scaling the heights to be fully reporting and listed in the national stock exchange.
John Textor the executive chairman stated that the company was initially listed on OTC Markets to provide a linked security for the European Depositary Receipts and is looking forward for development of the company. Of the company recent success in the reporting periods, he stated“We have quickly established ourselves as the early market leader in the creation of hyper-realistic digital humans for diverse applications. Our investment from a committed group of investors has positioned our company to be a leading developer of exciting new forms of entertainment and a pioneer in the powerfully emerging industries of virtual reality and artificial intelligence.”
About Pulse Evolu1tion
The corporation is a leading developer of hyper-realistic digital humans,headquartered in Port St. Lucie, Florida and also based in San Rafael, California. Founded by the world’s leading executives and producers of photorealistic digital humans such as Benjamin Button, holographic live performances, virtual reality, augmented reality and artificial intelligence are computer-generated digital humans for entertainment that Pulse Evolution is currently developing. The Company is determined to see digital humans emerging as real life in society, culture and industry. The Company’s long-term goal is to ‘face’ of artificial intelligence, to provide a human form to interactive artificially intelligent computer beings.