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Amergent Hospitality Group Inc. Reports Net Loss of $3.3 Million for 2022

By USInMinutes - Jul 18, 2023, 12:20 PM ET
Last Updated - Jul 18, 2023, 03:02 PM EDT
 Amergent Hospitality Group Inc. Reports Net Loss of $3.3 Million for 2022

Company's Revenue Reaches $21.3 Million in 2022

Amergent Hospitality Group Inc.(AMHG), a leading hospitality company, has re leased its financial results for the year ended December 31, 2022. The company reported a net loss of $3.3 million for the year, while its revenue reached $21.3 million.

Net Loss of $3.3 Million

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Amergent Hospitality Group Inc. faced a net loss of $3.3 million in 2022. This loss was primarily attributed to various expenses incurred during the year. The company's operating loss amounted to $7.4 million, reflecting the challenges it encountered in the competitive hospitality industry.

Revenue of $21.3 Million

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