Brightline Interactive (NASDAQ:BTLN) Announces Earnings Results

Brightline Interactive (NASDAQ:BTLN) posted its quarterly earnings data on Thursday. The company reported ($0.53) earnings per share (EPS) for the quarter, FiscalAI reports. Brightline Interactive had a negative net margin of 218.88% and a negative return on equity of 65.03%.

Brightline Interactive Stock Performance

Shares of BTLN traded down $0.47 during mid-day trading on Friday, reaching $3.44. The company had a trading volume of 6,073 shares, compared to its average volume of 29,835. The company has a market capitalization of $10.10 million, a price-to-earnings ratio of -0.60 and a beta of 1.03. The company’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $5.65. Brightline Interactive has a 1-year low of $2.84 and a 1-year high of $10.59.

Analyst Ratings Changes

Separately, Weiss Ratings raised Brightline Interactive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.96.

Hedge Funds Weigh In On Brightline Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTLN. Susquehanna International Group LLP acquired a new stake in Brightline Interactive in the second quarter valued at approximately $192,000. Valeo Financial Advisors LLC acquired a new position in shares of Brightline Interactive during the second quarter worth $62,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Brightline Interactive during the second quarter worth $31,000. Institutional investors own 21.41% of the company’s stock.

About Brightline Interactive

The Glimpse Group, Inc. is a diversified virtual reality and augmented reality technology company that develops, commercializes and invests in immersive technology businesses. Through its subsidiaries, the company provides software, hardware and professional services designed to help organizations use virtual, augmented and mixed reality in business operations, training, education, marketing and other applications. The company’s portfolio has included businesses focused on enterprise solutions, immersive content, virtual events, 3D visualization, digital twins and related technologies.