Reaffirms Top Line-Revenue Guidance of $34 Million for Fiscal 2020
BETHLEHEM, Pa., May 14, 2020 (GLOBE NEWSWIRE) -- Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, is pleased to inform shareholders that it will be releasing financial results for the year ended December 31, 2019 as well as those for the quarter ended March 31, 2020 on May 29, 2020.
The Company expects to announce top-line revenue of $19.5 million for the twelve months ended December 31, 2019, an 18% increase year over year.
Edison Nation Medical
The Company’s medical division, Edison Nation Medical, has launched its online portal for hospitals, government agencies and distributors to access its catalog of medical supplies and hand sanitizers. The site can be found at www.edisonnationmedical.com
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products. Edison offers innovation sourcing, product design, sales, manufacturing, and fulfillment services. Edison Nation’s model is to source innovative ideas to launch internally or license to brand partners. Edison Nation hopes to leverage its television property, Everyday Edisons, to become the recognized leader in the innovator community. For more information, please visit www.edisonnationmedical.com
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing the Company's views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including consumer, regulatory and other factors affecting demand for the Company's products, any difficulty in marketing the Company's products in global markets, competition in the market for consumer products, any inability to raise capital to fund operations and service the Company's debt. Additional information that could lead to material changes in the Company's performance is contained in its filings with the SEC. The Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.
Investor Relations:
Aimee Carroll
Phone: (484) 893-0060
Email: Investors@edisonnation.com
Source: Edison Nation, Inc.
Released May 14, 2020