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Complete financial analysis of Music Licensing, Inc. (SONG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Music Licensing, Inc., a leading company in the Entertainment industry within the Communication Services sector.
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Music Licensing, Inc. (SONG)
About Music Licensing, Inc.
Nuvus Gro Corp. provides monthly and annual fee based music licensing services. It collects usage fees from businesses that use music, including television and radio stations; broadcast and cable networks; new media, including internet and streaming services; satellite audio services; nightclubs, hotels, bars, restaurants, and other venues; digital jukeboxes; and live concerts. The company also distributes the usage fees as royalties to the songwriters, composers, and music publishers. Nuvus Gro Corp. was founded in 2018 and is based in Naples, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.05B | 41.60K | 20.10K | 749.00 | 0.00 | 0.00 | 329.90K | 26.65K | 76.21K | 130.22K |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 501.04K | 9.33M | 51.01K | 109.40K |
| Gross Profit | 1.05B | 41.60K | 20.10K | 749.00 | 0.00 | 0.00 | -171.14K | -9.31M | 25.21K | 20.81K |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | -51.88% | -34,933.55% | 33.08% | 15.98% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 816.15K | 748.34K |
| General & Administrative | 12.57M | 418.96K | 174.80K | 25.51K | 211.88K | 17.55K | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 4.28K | 14.19K | 15.00K | 0.00 | 50.76K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.01B | 433.16K | 189.80K | 25.51K | 443.59K | 17.55K | 3.11M | 346.52K | 96.00K | 96.00K |
| Other Expenses | 0.00 | -10.11K | -25.55K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.01B | 444.09K | 208.06K | 25.51K | 443.59K | 18.68K | 3.11M | 346.52K | 912.15K | 844.34K |
| Cost & Expenses | 1.01B | 444.09K | 208.06K | 25.51K | 443.59K | 18.68K | 3.61M | 9.68M | 963.16K | 953.74K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.60K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.67K | 810.00 | 3.24K |
| Depreciation & Amortization | -46.03M | 402.50K | 187.96K | 24.76K | 443.59K | 18.68K | 0.00 | 58.87K | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.38M | -9.72M | -1.00M | -823.53K |
| EBITDA Ratio | 0.00% | -1,789.07% | -935.06% | -3,305.74% | 0.00% | 0.00% | -993.31% | -36,013.10% | -1,163.75% | -632.43% |
| Operating Income | 46.03M | -402.50K | -187.96K | -24.76K | -443.59K | -18.68K | -3.28M | -9.65M | -886.94K | -823.52K |
| Operating Income Ratio | 4.37% | -967.63% | -935.06% | -3,305.74% | 0.00% | 0.00% | -993.31% | -36,234.04% | -1,163.75% | -632.43% |
| Total Other Income/Expenses | 2.00 | 341.69K | -25.55K | 0.00 | 4.00 | 0.00 | -105.74K | -125.35K | -115.28K | -3.25K |
| Income Before Tax | 46.03M | -60.81K | -213.50K | -24.76K | -443.59K | -18.68K | -3.38M | -9.78M | -1.00M | -826.77K |
| Income Before Tax Ratio | 4.37% | -146.20% | -1,062.16% | -3,305.21% | 0.00% | 0.00% | -1,025.36% | -36,704.47% | -1,315.01% | -634.92% |
| Income Tax Expense | 0.00 | -570.17K | -187.96K | -24.76K | -443.59K | 0.00 | 0.00 | -4.00 | 0.00 | 0.00 |
| Net Income | 46.03M | -60.81K | -213.50K | -24.76K | -443.59K | -18.68K | -3.38M | -9.78M | -1.00M | -826.77K |
| Net Income Ratio | 4.37% | -146.20% | -1,062.16% | -3,305.21% | 0.00% | 0.00% | -1,025.36% | -36,704.47% | -1,315.01% | -634.92% |
| EPS | 28.68K | -8.53 | -29.93 | -3.47 | -4.01K | 0.00 | -30.36K | -90.75K | -5.51M | -17.31 |
| EPS Diluted | 28.68K | -8.53 | -29.93 | -3.47 | -4.01K | 0.00 | -30.36K | -90.75K | -5.51M | -17.31 |
| Weighted Avg Shares Out | 1.61K | 7.13K | 7.13K | 7.13K | 110.65 | 0.00 | 111.41 | 107.77 | 0.18 | 47.76K |
| Weighted Avg Shares Out (Dil) | 1.61K | 7.13K | 7.13K | 7.13K | 110.65 | 0.00 | 111.41 | 107.77 | 0.18 | 47.76K |
Music Licensing, Inc. (OTC: SONG) Receives Inquiry Regarding Sale of Subsidiary, "Pro Music Rights"
Naples Florida, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a leading player in the music industry, announced today that on January 11, 2024, at 4:12 PM EST, the company was contacted by another publicly traded entity...
Music Licensing, Inc. (OTC: SONG) Announces Strategic Developments and Proposed Changes
Naples Florida, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (the "Company") has officially disclosed significant developments in a Form 1-U filed with the U.S. Securities and Exchange Commission ("SEC") on December 8, 2023.
Music Licensing, Inc. (SONG) Unveils Extraordinary Strategic Masterplan for Unprecedented Growth and Financial Eminence
Naples, Florida--(Newsfile Corp. - December 13, 2023) - Brace yourselves for a groundbreaking revelation as Music Licensing, Inc. (OTC Pink: SONG) proudly unveils an audacious strategic masterplan. This visionary blueprint seamlessly intertwines buyback brilliance, reverse stock split resilience, forward stock...
Music Licensing, Inc. Reconfirms Buyback and Clarifies Reverse Stock Split Position Amidst Unfounded Rumors
Naples, Florida--(Newsfile Corp. - December 13, 2023) - Music Licensing, Inc. (OTC PINK: SONG), a leader in the music industry, has issued a statement today to reconfirm its commitment to the buyback program and address recent rumors surrounding a reverse...
Music Licensing, Inc. (OTC: SONG) Launches Licensing Agreement Enforcement & Collection Campaign
Naples Florida , Nov. 30, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG) has officially initiated a robust licensing agreement enforcement and collection campaign, underscoring the company's commitment to protecting the rights of its artists and stakeholders.
Music Licensing, Inc. (OTC: SONG) Achieves Historic Milestone: 77.5% Reduction in Outstanding Common Stock Shares and Acquisition of Iconic Royalty Stakes
Naples Florida, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a trailblazer in the music industry, proudly announces a dual achievement, marking a significant milestone for the company's growth and commitment to shareholder value.
Music Licensing, Inc. Achieves Historic Milestone: 77.5% Reduction in Outstanding Common Stock Shares and Acquisition of Iconic Royalty Stakes
Naples, Florida--(Newsfile Corp. - November 28, 2023) - Music Licensing, Inc. (OTC PINK: SONG), a trailblazer in the music industry, proudly announces a dual achievement, marking a significant milestone for the company's growth and commitment to shareholder value. Outstanding Common...
Music Licensing, Inc. (OTC: SONG) Advances Strategic Initiative with Ongoing Common Stock Share Cancellation
Naples, Florida, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a prominent figure in the music licensing industry, is delighted to announce a substantial advancement in its strategic initiative through the ongoing cancellation of 1,197,364,785 common stock...
Music Licensing, Inc. (OTC: SONG) Successfully Reduces Authorized Shares by 90%
Naples, FL, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc., a leading figure in the music licensing industry (OTC: SONG), proudly announces the successful completion of a significant reduction in authorized shares, decreasing the total from 20,000,000,000 to 2,000,000,000....
Music Licensing, Inc. (OTC:SONG) Announces Moratorium on Reverse Stock Splits Until 2025
Naples, FL, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a leading player in the music licensing industry, is pleased to announce a strategic decision to implement a moratorium on reverse stock splits until at least 2025....
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