Safety Shot Inc Says Due To Spin-Off Of SRM Entertainment, Limited, Co Expects That Revenues Will Decrease From $1,035,762 To About $808,778; Also Expects There Will Be Significant Increase In The Net Loss Of The Company From $6.7M To $9.4M
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Safety Shot Inc announced in an SEC filing that due to the spin-off of SRM Entertainment, Limited, the company anticipates a decrease in revenues from $1,035,762 to approximately $808,778. Additionally, Safety Shot Inc expects a significant increase in its net loss, from $6.7 million to $9.4 million.
November 15, 2023 | 1:07 pm
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Safety Shot Inc expects reduced revenues and a larger net loss following the spin-off of SRM Entertainment, Limited, as per their SEC filing.
The projected decrease in revenue and increase in net loss for Safety Shot Inc are significant financial metrics that are likely to negatively impact investor sentiment and the stock price in the short term. The direct mention of these figures in an SEC filing provides a high level of confidence in the accuracy of this information.
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