Home Equities Score Vinco Ventures, Inc. (BBIG) stock surged during pre-market trading, given no recent...

Vinco Ventures, Inc. (BBIG) stock surged during pre-market trading, given no recent news.

Vinco Ventures, Inc. (NASDAQ: BBIG) stock gained by 11.75% at last close whereas the BBIG surged by 7.38% in the pre-market trading. Vinco Ventures is a digital media and content technology-focused selective acquisitions firm. The B.I.G. of Vinco (Buy. Innovate. Grow.) The goal is to look for acquisition prospects that have the potential to scale and will be large.

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Recent Past Development

The ZASH Global Media and Entertainment merger and the Lomotif acquisition have been updated by BBIG. The following are the most recent updates.


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  • Through their joint venture, ZVV Media Partners, LLC, Vinco, and ZASH seek to purchase Lomotif Private Limited.
  • In preparation for the expected acquisition of Lomotif through the Joint Venture, the parties have signed an Amended and Restated Limited Liability Company Agreement for the Joint Venture.
  • On or before June 11, 2021, Gemini Valuation Services will complete and deliver to Vinco an impartial third-party valuation on ZASH.
  • On or before June 24, 2021, the companies plan to complete a formal deal and Plan of Merger and Reorganization.
  • Regulatory and exchange permissions are required. On or before July 15, 2021, the parties aim to send a formal proxy to Vinco shareholders requesting approval of the ZASH merger with Vinco.

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Financial Highlights

On May 25, 2021, Vinco Ventures reported results for the three months ended March 31, 2021. Given below is the summary:

  • Revenue grew by 31.32 percent to $2.57 million for the three months ended March 31, 2021, relative to $1.95 million for the three months ended March 31, 2020.
  • The net profit for the three months ended March 31, 2021, was $0.9 million, up 56.64 percent from $0.6 million for the three months ended March 31, 2020.
  • Gross margin rose 17.72% to 35.54% for the three months ended March 31, 2021, relative to 30.19 percent for the three months ended March 31, 2020.
  • For the three months ended March 31, 2021, BBIG’s net loss was $62.47 million, or ($3.27) per basic and ($3.28) per diluted share, relative to a net gain of $1.27 million, or $0.166 per basic and $0.13 per diluted share, for the same period in 2020.
  • For the three months ended March 31, 2021, adjusted EBITDA, a non-GAAP metric, totaled a negative $1.29 million, relative to a negative $0.92 million for the three months ended March 31, 2020.
  • The deficit on the issuance of warrant liability of $75.2 million is compensated by a gain on change in fair value of warrant liability of $36.4 million in adjusted EBITDA.

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