Kustom Entertainment Posts $4.51 Q3 GAAP EPS as Revenue Rises 56.7%

Kustom Entertainment Inc. posted diluted GAAP earnings of $4.51 per share for the third quarter, while continuing-operations revenue increased 56.7% year over year to $2.71 million.

Revenue totaled $2,711,390, compared with $1,729,773 a year earlier. Net income attributable to common stockholders was $2.35 million.

Continuing operations recorded a $2.67 million loss. Discontinued operations had $5.02 million in income.

Diluted GAAP earnings per share included a $5.13 loss from continuing operations and $9.64 in income from discontinued operations. The per-share amounts were adjusted retroactively for reverse stock splits.

Kustom completed the sale of its Video Solutions business to Cycurion on Aug. 3. The sale generated a $5.07 million gain, net of costs to sell.